How To Calculate Payroll Taxes

Calculating payroll taxes can be difficult, especially for business owners. To help small business owners, we’ve created this guide about how to calculate payroll taxes. What are payroll taxes? Payroll taxes are taxes based on salaries, wages, commissions and tips an employee makes. They are withh...   Read More

What is the Kiddie Tax?

In 1986, a law was passed that prevented parents from shielding money from taxes by transferring investments to their children’s names. Before then, the children’s investments were taxed at the child’s low rate, and some wealthy parents would move investments to their children spec...   Read More

Top 9 Tax Law Changes For Your 2020 Taxes

Whether you file your tax return as soon possible, skate in just before the April 15 deadline, or request an extension, it’s never too early to start preparing for filing your 2020 taxes in 2021. Part of that preparation includes understanding what’s changed from last year — and there ...   Read More

Make Sure Your Tax Return Is Signed!

Make Sure Your Tax Return Is Signed

The IRS reminds taxpayers to avoid “ghost” tax return preparers whose refusal to sign returns can cause a frightening array of problems. It is important to file a valid, accurate tax return because the taxpayer is ultimately responsible for it. Ghost preparers get their scary name because they d...   Read More

Not All Audits Are Bad

What’s the first thing you think of when you hear the word “audit”? You probably think of people from the IRS showing up to take your money.But there is another kind of audit, and it is one that can actually help you make money in your business. This is the process of getting an audited [&hell...   Read More