Business

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    Flexible Spending Accounts (FSA) and Small Business

    Open An Flexible Spending Account (FSA) For Your Small Business   Did you know, a small business can set up a Flexible Spending Account for individual employees’ medical expenses. FSA plans are established and offered through an employer for the benefit of the employees. These funds are not subject to federal income or Social Securty…

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    Audit Within Your Small Business

    Why Is My Small Business Under Audit?   Ever wonder why YOUR small business was targeted for an audit. See below the top reasons why you might have been a candidate. As a small business owner you are 4 times more likely to be audited than a W2 wage earner. How are you chosen to…

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    Tax Withholding Estimator

    Double Check Your Paychecks With This Tax Withholding Estimator   All taxpayers should use the new Tax Withholding Estimator to do a Paycheck Checkup. This tool helps people make sure their employers are taking out the right amount of tax from the employee’s paychecks. The money withheld from an employee’s paychecks throughout the year should cover the amount…

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  • Renewing Your ITIN

    Taxpayers With Expiring ITINs Should Renew Them Now   Taxpayers with expiring individual taxpayer identification numbers (ITIN) should think about renewing their ITIN number ASAP. There are nearly 2 million ITINs set to expire at the end of 2019.  Renewing your ITIN will help avoid unnecessary delays related to their tax refunds next year. ITIN’s are used by…

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    Filing a 1099-Misc Form

    What You Should Know About Filing A 1099-MISC Form   If you recieve payments as a trade or business from other people or entities, that payment amount is reported to you and the IRS if they total a certain amount for the given tax year. Not all 1099 forms are the same. 1099-MISC is a…

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