Tag: Candy Messer

IRS Institutes Private Debt Collectors

Close to 20 million people owe a combined total of $400 billion in back taxes to the IRS. Several million taxpayers have payment arrangements, and another 7 million people owe tax payments. In the latter part of 2015, Section 32102,...Read More

Managing Bills/Paperwork for Someone You Care About

Do you or someone you know have the responsibility to manage a family member or friend's bills and/or important papers? Do you review the information to make sure everything being paid is needed? (more…)

New Filing Deadlines/Penalties for Forms W-2 and 1099

Last year legislation was passed regarding 1099s and other forms issued by employers. When The Trade Preference Extension Act of 2015 passed, it increased the late filing and failure-to-file penalties for several forms. Fees will be charged if forms were...Read More

Federal Overtime Changes Took Effect December 1, 2016

Do you have employees currently paid by salary rather than an hourly rate? If so, review what you pay to make sure you are in compliance with the new law that took effect December 1. The Department of Labor has...Read More

W9 Form: Request for Taxpayer Identification Number and Certification

  Are you prepared to file 1099 forms for payments made to your vendors in the course of business?  Have you collected the W9 forms so that you can file the information in January of next year?  In order to...Read More

7 Tips That Will Save You Money on Bookkeeping

Over the years we’ve assisted many small business owners with their bookkeeping and learned how to do so efficiently and effectively. Today we want to share a few tips on how you can help your bookkeeper streamline your process and...Read More

What Small Businesses Need to Know About Sales Tax and Shipping

I recently read a post on the Avalara website (this company has software that can help with your sales tax compliance) and I thought I'd share their information with you. As states continue to change rules on what is and isn't taxable,...Read More

The IRS Tests New Installment Agreement Rules

The Internal Revenue Service is testing a new program to allow people to more easily set up payment plans for their tax debt. An installment agreement is setting up a specific monthly amount to pay back to reduce prior tax...Read More

Tips for Deducting Charitable Contributions

It's the holiday season and time of year when you might be thinking of making additional donations to churches or not-for-profit organizations to reduce the tax due on your return. Here are a few things to keep in mind. (more…)

Using Financial Reports to Help You Strategize for Success

Is your bookkeeping up to date? If so, are you using the information available to you to plan the success of your business? According to Merriam-Webster®, the definition of the word strategize is to make a plan for achieving a...Read More