Income taxes are a pay-as-you-go system. That means you pay your taxes as you earn income during the year. Either your employer withholds taxes from your pay, or you pay quarterly estimated taxes on your own. If you have income that's not subject to withholding, you may need to make quarterly payments. This includes income such [...]
This article was published by the IRS. The Internal Revenue Service has launched an improved identity verification and sign-in process that enables more people to securely access and use IRS online tools and applications. Taxpayers using the new mobile-friendly verification procedure can gain entry to existing IRS online services such as the: Child Tax Credit Update [...]
QuickBooks Checking is a bank account reimagined for small business. It allows your money to work for you right in QuickBooks Online. Time is money. QuickBooks Checking is not just fast; it's instant. As soon as invoices are paid online or you take a payment with the card reader, funds are available. Then as money comes [...]
You can easily keep track of who your business owes money to by adding your vendors to QuickBooks Online. You can add them one at a time or in bulk from a spreadsheet. Follow this video tutorial to learn the steps to take.
This article was published by the IRS. Taxpayers receiving Social Security benefits may have to pay federal income tax on a portion of those benefits. Social Security benefits include monthly retirement, survivor, and disability benefits. They don't include supplemental security income payments, which aren't taxable. The portion of benefits that are taxable depends on the taxpayer's [...]