» Tax Preparation
Can I Deduct Home Office Expenses?
April 21st, 2022
For over two years now, many more people have been working from home than prior to the pandemic. And while some places of business have opened back up, there are still many people who are working remotely. Some are self-employed, some are independent…
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Should I Have a Tax Professional Review My Tax Return?
March 23rd, 2022
In a little under a month, most of us will have filed our 2021 state and federal income tax returns. Perhaps you are the kind of person who likes to prepare and file your taxes to get it over with (and maybe get a refund sooner). Or maybe, like many…
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Tax Deadlines for Filing 2021 Taxes in 2022
January 21st, 2022
Everyone “knows” tax day is April 15 (and this year, as you’ll see below, it’s not). But the truth is, that’s not the only tax deadline that’s important to circle on the calendar when you’re thinking about your taxes. And if you’re no…
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What Do I Need to Bring to My Tax Appointment?
November 24th, 2021
For many adults, sitting down to file taxes brings back all the anxiety of taking a middle-school algebra exam, but with much higher stakes. The good news is that someone can help you with this test: your tax preparer. Even better, you can, and shoul…
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When Should Your Business Hire an Accountant?
June 1st, 2021
The amount of time you want and need to personally invest in your business’s accounting will be the driving force behind when you should hire an accountant. Depending on the stage of your business’s developmental plan, there are several times whe…
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Filing Your Taxes: Is It Better to File Jointly or Separately?
March 24th, 2021
For most married couples, you have two options on how to file your taxes: jointly or separately. For a few married people, filing as head of household can be the best option. If you file your taxes jointly, you report all your income and deductions o…
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What You Should Know about the IRS’ Mailbox Rule
February 19th, 2021
Have you ever driven by a post office in the middle of April and wondered why there were so many people waiting in the checkout line? Chances are it was Tax Day! Some US Post Offices even stay open later to allow taxpayers additional time to get thei…
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Understanding Tax Form 1099 and the new 1099-NEC
February 10th, 2021
Starting with the 2020 tax year, the IRS has reintroduced tax Form 1099-NEC. The IRS made these changes to bring clarity to deadlines for reporting self-employment income. In the past, 1099-MISC has been used. This means starting this year, businesse…
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W-2 Deadline Passed and still no W-2? [What should you do?]
January 20th, 2021
Employers must give their employees a Form W-2, Wage and Tax Statement, if the employee worked anytime during the prior year. The W-2 is the form that shows the amount of income you received in the prior year and how much of your income was withheld…
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How to Determine the Cost Basis of Gifted Stock
December 8th, 2020
Determining the cost basis of gifted stock or other needed information for tax purposes can be confusing. Oftentimes, a well-meaning family member, like grandma, will buy stock for a loved one when they are a small child and give it to them when they…
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