With the democrats attempting to push their plans through congress here are a few changes…
Joshua ThompsonFebruary 1, 2022
This edition we are talking about Medical, IRA, IRS Private Collectors, Estimated Tax Penalty and…
Joshua ThompsonFebruary 1, 2022
Another great year for donations. Nonitemizers can write off up to $300 in CASH charitable…
Joshua ThompsonFebruary 1, 2022
Usually taking a loan from your retirement plan is completely tax-free, however, taking too large…
Joshua ThompsonFebruary 1, 2022
The $10,000 State and Local Tax (SALT) deduction limitation was a huge strain on many…
Joshua ThompsonFebruary 1, 2022
These apply to the IRS and each state you operate or registered in. File a…
Joshua ThompsonFebruary 1, 2022
Businesses Financial records are up to date Have on file W-9, I-9, and W-4 forms…
Joshua ThompsonFebruary 1, 2022
2.Time your deductions and income. -If possible don’t send invoices or accept payments until January…
Joshua ThompsonFebruary 1, 2022
Not too Late to Contribute to Certain Retirement Plan It may be after December 31st…
Joshua ThompsonFebruary 1, 2022
IRS letter 6419 will be sent this month and list payments you or a spouse…
Joshua ThompsonFebruary 1, 2022
Recently legislation makers have decided to terminate the Employee Retention Credit early. With unemployment being…
Joshua ThompsonFebruary 1, 2022
If you started a business or plan to start a business, you should be aware…
Joshua ThompsonFebruary 1, 2022
Reduce the risk of identity theft and someone else falsely filing your return Quicker refunds…
Joshua ThompsonFebruary 1, 2022
Starting in 2022 the way companies take research and development costs are changing. Previously businesses…
Joshua ThompsonFebruary 1, 2022
Increased child tax credit & monthly payments The monthly payments from the IRS per child…
Joshua ThompsonFebruary 1, 2022
A minimum alternative tax on large corporations of 15%. Requiring S-Corporations & Partnerships to pay…
Joshua ThompsonFebruary 1, 2022
Adoption Tax Credit increases to $14,890 for qualified 2022 expenses 401(k), 457 plans, & 403(b)…
Joshua ThompsonFebruary 1, 2022
Staying within the social security income limits is very important when determining how much of…
Joshua ThompsonDecember 8, 2021
In the current Build Back Better plan legislators want to tax pass-through entities (S-Corporations &…
Joshua ThompsonDecember 8, 2021
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