It's important to think about hurricanes, tornadoes, and other disasters so you're prepared in case they happen. This includes safeguarding your tax forms and other financial records. First, you could take advantage of electronic record keeping. See if you can receive your bank statements and related documents by email. For paper documents such as W-2s and [...]
This article was published by the IRS. Whether it's a full-time job or just a side hustle, taxpayers must report gig economy earnings on their tax return. Understanding how gig work can affect taxes may sound complicated but, it doesn't have to be. The IRS offers several resources to help gig economy taxpayers properly fulfill their [...]
By using QuickBooks Online Advanced and Spreadsheet Sync, you have the ability to view your company's data in Excel, allowing you to create customized reports, track your business's progress, and make changes or updates to transactions and other information. This video goes over how to access Spreadsheet Sync, use it to run reports with your QuickBooks [...]
This article was published by the IRS. Many people work for a family member, whether it's a child helping out at their parent's shop or spouses running a business together. When someone is employed by a family member, the tax implications depend on the relationship and the type of business. It's important for taxpayers and employers [...]
This article was published by the IRS. Tax relief is available for people living in areas declared disasters by the Federal Emergency Management Agency. To find out if an area qualifies for disaster tax relief, check IRS news from around the nation. Affected taxpayers have more time to file and pay If people live at an [...]
