News, Tax & Accounting Resources
Tax Moves to Make Before Year-End
The new year is just around the corner. Have you started thinking about your taxes? It’s not too late, but it will be soon. There are moves you can make to reduce your taxable income. Some of these tax-saving moves, however, must be completed by December 31. Here are...
Get a Jump On Your Taxes
This year, 2021, may again prove to be challenging relative to your taxes. Preparing for taxes early can not only save you time, but it may also save you money. FEMA dollars provided to you due to Hurricane Ida damages, other government benefits, unemployment...
American Rescue Plan Act May Impact Your Child Tax Credit
The American Rescue Plan Act of 2021 modifies several tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of highly popular payroll tax credits...
Get Your Child Tax Credit Payments NOW!
The first advance payment from the newly expanded child tax credit was sent out in July by the IRS. Payments are scheduled to be made on the 15th of each month through December. By this week you should have received three payments, one in July, one in August, and one...
Here’s what taxpayers need to know about paying taxes on their hobbies
Do you have a hobby? Did it unexpectedly turn into a source of income? The IRS recently sent out a tax tip letting taxpayers know that money made is money to be reported for tax purposes. Here is the IRS tax tip: “Many people are engaged in hobby activities that are...