Uncategorized Year End Tax Saving Ideas 2.Time your deductions and income. -If possible don’t send invoices or accept payments until January…Joshua ThompsonFebruary 1, 2022
Uncategorized Two Retirement Items to Consider Not too Late to Contribute to Certain Retirement Plan It may be after December 31st…Joshua ThompsonFebruary 1, 2022
Uncategorized IRS Letters You May Receive Soon IRS letter 6419 will be sent this month and list payments you or a spouse…Joshua ThompsonFebruary 1, 2022
Uncategorized Employee Retention Credit Ends Early Recently legislation makers have decided to terminate the Employee Retention Credit early. With unemployment being…Joshua ThompsonFebruary 1, 2022
Uncategorized Business Start Up Cost If you started a business or plan to start a business, you should be aware…Joshua ThompsonFebruary 1, 2022
Uncategorized 4 Reasons to File Early Reduce the risk of identity theft and someone else falsely filing your return Quicker refunds…Joshua ThompsonFebruary 1, 2022
Uncategorized Research & Development Changes Starting in 2022 the way companies take research and development costs are changing. Previously businesses…Joshua ThompsonFebruary 1, 2022
Uncategorized Changes that Will Affect Your Taxes without Congress Intervention Increased child tax credit & monthly payments The monthly payments from the IRS per child…Joshua ThompsonFebruary 1, 2022
Uncategorized Tax Changes that Fail Without the Build Back Better (BBB) A minimum alternative tax on large corporations of 15%. Requiring S-Corporations & Partnerships to pay…Joshua ThompsonFebruary 1, 2022
Uncategorized 2022 Updates – Retirement Contributions, Mileage, and More Adoption Tax Credit increases to $14,890 for qualified 2022 expenses 401(k), 457 plans, & 403(b)…Joshua ThompsonFebruary 1, 2022
blogUncategorized Social Security Tax, Tip & Potential Changes Staying within the social security income limits is very important when determining how much of…Joshua ThompsonDecember 8, 2021
blogUncategorized Pass Through Entity Additional Tax Proposal In the current Build Back Better plan legislators want to tax pass-through entities (S-Corporations &…Joshua ThompsonDecember 8, 2021
blogUncategorized Business Owner January Fillings W-2 & W-3 These are handled and filed by your payroll provider and must be…Joshua ThompsonDecember 8, 2021