Tax season isn’t exactly a joy in most years, but 2022 could be a particularly rough one — for taxpayers and the IRS alike. In short: The Internal Revenue Service has entered this year woefully underfunded and undermanned. And...... More »
Every year’s tax filing season typically includes a few more wrinkles than the year before. And the 2021 tax year, which we’re dealing with in 2022, is no different. Income tax thresholds are slightly higher to account for inflation....... More »
Small business taxes are typically complex and require a laundry list of documents. Most of these should be collected throughout the year, though a few specific tax documents can’t accurately be filled out until the calendar year is over....... More »
If you run a company, tax time is always going to be a little work. Even the simplest, most straightforward businesses have more complex reporting standards than your average individual. It’s just how it is. But while you might...... More »
For many, “audit” is virtually a four-letter word. But in some circumstances, audits aren’t to be feared – they’re to be welcomed. We’re talking, of course, about professional audits. We understand that little twitch that comes when you hear...... More »
The gig economy only continues to expand, and as a result, more people than ever are trying to figure out how being a gig worker affects their taxes. If you were in a room with two of your friends,...... More »
New year, new beginnings. 2022, like the start of every fresh year, is viewed as a chance for people to become their best selves. That manifests itself as New Year’s resolutions – vowing to go to the gym more,...... More »
New year, new beginnings. 2022, like the start of every fresh year, is viewed as a chance for people to become their best selves. That manifests itself as New Year’s resolutions – vowing to go to the gym more,...... More »
Tax day might be several months away, but the end of the tax year is nigh. And that’s why even though we’re in the back half of the holiday season, small businesses owners can check off a few last-minute...... More »
If 2020 was the year many small businesses got knocked down, 2021 was the year many of them came back up off the mat. And to take the metaphor one step further, 2022 can be the year they go...... More »