by Mary Philipps | Jul 27, 2021 | Taxes, What is Hot
Important changes to the Child Tax Credit will help many families get advance payments of the Child Tax Credit starting in the summer of 2021. Half the total credit amount will be paid in advance monthly payments and you will claim the other half when you file your...
by Mary Philipps | Jul 23, 2021 | Small Business, Taxes, What is Hot
How is Cryptocurrency Taxed?Cryptocurrency has headlined many news articles, served as the subject of social media posts, and gained significant traction in mainstream culture. Bitcoin, the first digital currency, has grown exponentially in recent years …Kiplinger...
by Mary Philipps | Jul 15, 2021 | What is Hot
Do This If You Want To Opt Out Of The Child Tax CreditAmericans are merely days away from the launch of the new Child Tax Credit on July 15, 2021. While the credit has been around since the Clinton Administration, the version from the Biden Administration is projected...
by Mary Philipps | Jul 13, 2021 | Taxes, What is Hot
Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your...
by Mary Philipps | Mar 18, 2021 | Small Business, Taxes
Have you heard the phrases “marginal tax rate” (or tax bracket) and “effective tax rate” and wondered what the distinction is between them? In order to explain the difference, it is first important to note that in the United States, we do not pay a flat tax – we are...
by Mary Philipps | Mar 1, 2021 | CFO Services, Small Business
Do you have a lot of customer service inquiries in your business? If so, it can be a challenge to manage them all. Being responsive with customer service can make all the difference in your company’s success, so it makes sense to take a look at some tools that can...
by Mary Philipps | Feb 25, 2021 | Small Business, Taxes
When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt. Most nonprofits are not subject to federal, state, and local income tax. Does that mean nonprofits are completely free of ANY tax liability? The answer to this is...
by Mary Philipps | Feb 2, 2021 | Bookkeeping, Small Business, Taxes
Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This...
by Mary Philipps | Jan 20, 2021 | Bookkeeping, Small Business, Taxes
If you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes. If you earn additional income beyond your salaried income, if you are under-withheld, or if you have...
by Mary Philipps | Jan 15, 2021 | Bookkeeping, Small Business
A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless yet, most organizations are moving in that direction. A business can become cash-free...
Recent Comments