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Explore helpful articles on bookkeeping, taxes, and financial best practices designed to help individuals and businesses make smarter financial decisions.

DISCLAIMER: Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

Tax Filing Season Starts February 12, 2021

Although tax season usually starts in late January, this year, the tax filing season is delayed until …

Important Tax Changes for Individuals and Businesses 2021

Every year, it’s a sure bet that there will be changes to current tax law and this …

Standard Mileage Rates for 2021

Starting January 1, 2021, the standard mileage rates for the use of a car, van, pickup, or …

Canadian Citizen Living in the US with Rental Property and Income

Here are 3 tax things that you should know about when you are a Canadian citizen living …

Protecting Business Taxpayers From Identity Theft

Starting December 13, 2020, the IRS began masking sensitive data on business tax transcripts. Previously, only sensitive …

Differences 1099-MISC and FORM 1099-NEC

The IRS may have re-introduced 1099-NEC, but this doesn’t mean that 1099-MISC is now gone. Here’s your …

Employee Business Expense Deductions

Prior to tax reform, an employee was able to deduct unreimbursed job expenses, along with certain other …

Understanding the Excise Tax

An excise tax is a tax that is generally imposed on the sale of specific goods or …

IRS FORM 1099-NEC

One of the most important updates for taxpayers in 2020 came with the reintroduction of the Form …

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