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Blog Month: September 2022

QuickBooks Users Group for Non-Profits

We begin each session with a short presentation, then invite our guests to ask our experts questions and share ideas with other QuickBooks users. QuickBooks Accounts Receivable for Non-Profits This

Good News! The IRS gives Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020

The IRS released Notice 2022-36 which waives the late fees and penalties for all 1099 Series returns (NEC, MISC, DIV, INT, et al) for tax years 2019 and 2020 that

Two lesser well-known taxes that every individual with high-income should be aware of

Many taxpayers have a basic understanding of federal income tax and that federal income tax rates for individuals range from 10% to 37%. However, there are two lesser well-known taxes

Jump Start your Retirement Nest Egg with a Solo 401(k)

Are you self-employed? If your business has no employees and produces substantial net self-employment income, implementing a solo 401(k) is a great tool to help you build a nest egg

Q4 tax deadlines for individuals, businesses, and employers

With the fourth quarter of 2022 just beginning, there are some important Q4 dates & deadlines affecting individuals, businesses, and employers to notate on your Outlook calendar. Here’s some of

Basics of Accounting Policies and Procedures

The accounting policy and procedures manual is an oft-overlooked document in an organization but provides significant insight into the actions of your accounting team. In this next installment of our

Seller-paid points: What are They and How Can Homeowners Deduct Them?

The National Association of Realtors’ (NAR) July 2022 report stated that existing home sales were down but prices were up nationwide, compared to last year. NAR Chief Economist Lawrence Yun

Tax Credits Included in the Inflation Reduction Act

Recently the Inflation Reduction Act (IRA) was signed into law. Although there are varying opinions by experts on if it will reduce inflation, it does contain provisions to extend and