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Newsletter December 2, 2021

Newsletter December 2, 2021

by Mary Philipps | Dec 2, 2021 | Bookkeeping, CFO Services, Small Business, Taxes, What is Hot

Tax Strategies for a Bonus or WindfallYes, it’s inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages,...

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    The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax or financial advice from your own accounting and tax professional(s). You should consult with a Certified Public Accountant or Enrolled Agent before embarking on any business venture. Presentation of the information in not intended to create, and receipt of information does not constitute professional relationship unless otherwise expressly agreed upon by both parties.

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    First weekend post tax season and we’re back to First weekend post tax season and we’re back to nature! Feels good to take a little break! 🌳🪵🦝🐾
    Happy Earth Day everyone! We love doing our part b Happy Earth Day everyone! We love doing our part by being completely cloud-based and limiting our paper waste. What is your business doing today that helps the earth? . . . . . . #soleproprietor #virtualaccountant #virtualbookkeeping #virtualcfo #smallbusiness #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #femaleentrepreneur
    Happy Earth Day everyone! We love doing our part b Happy Earth Day everyone! We love doing our part by being completely cloud-based and limiting our paper waste. What is your business doing today that helps the earth? . . . . . . #soleproprietor #virtualaccountant #virtualbookkeeping #virtualcfo #smallbusiness #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #femaleentrepreneur
    Did you file your tax return already and are worri Did you file your tax return already and are worried about the changes announced in regards to unemployment? IRS is recommending returns filed with unemployment benefits prior to the $10,200 exclusion should not be amended. The IRS will refigure taxes on these returns and adjust your account accordingly. The IRS will then send any refund amount directly to you the taxpayer. Have more questions, contact us today! #virtualbookkeeping #virtualcfo #smallbusiness #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #femaleentrepreneur #entrepreneur #smallbiz
    Did you file your tax return already and are worri Did you file your tax return already and are worried about the changes announced in regards to unemployment? IRS is recommending returns filed with unemployment benefits prior to the $10,200 exclusion should not be amended. The IRS will refigure taxes on these returns and adjust your account accordingly. The IRS will then send any refund amount directly to you the taxpayer. Have more questions, contact us today! #virtualbookkeeping #virtualcfo #smallbusiness #bookkeeping #businessowner #quickbooks #quickbooksproadvisor #businesswoman #femaleentrepreneur #entrepreneur #smallbiz
    Do you have a lot of customer service inquiries in Do you have a lot of customer service inquiries in your business? If so, it can be a challenge to manage them all. Learn how to manage customer service with technology in our latest blog article here: https://5cbs.com/2021/03/01/managing-customer-service-with-technology/
    PSA: IRS has moved the deadline for personal taxes PSA: IRS has moved the deadline for personal taxes. Check out this article or contact us today with more questions! https://www.bloomberg.com/news/articles/2021-03-17/irs-plans-to-delay-tax-deadline-to-mid-may-after-chaotic-year
    PSA: IRS has moved the deadline for personal taxes PSA: IRS has moved the deadline for personal taxes. Check out this article or contact us today with more questions! https://www.bloomberg.com/news/articles/2021-03-17/irs-plans-to-delay-tax-deadline-to-mid-may-after-chaotic-year
    Many districts around the state have approved sale Many districts around the state have approved sales tax changes that take effect on April 1st. Do you know if your district's sales tax is going up? Fine your tax rate on our website under client resources! www.5cbs.com
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