Cozby & Company Archives - Cozby & Company

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill
Gallery
Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. Transition penalty relief for tax year [...]

cozbycpa2025-11-12T07:55:22-05:00November 12th, 2025|Categories: Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, new reporting requirements under the One Big Beautiful Bill, no tax on overtime, no tax on tips, One Big Beautiful Bill provisions, Plymouth MA accountant, transition penalty relief for tax year 2025|

How to Set Up Books Close Pre-Close & Additional Items Tasks in Intuit Accountant Suite
Gallery
How to Set Up Books Close Pre-Close & Additional Items Tasks in Intuit Accountant Suite

Accounting, Bookkeeping, QuickBooks, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube

How to Set Up Books Close Pre-Close & Additional Items Tasks in Intuit Accountant Suite

Books Close is a new feature available in Intuit Accountant Suite that helps you track and complete your monthly close process for all your clients in one place. This video walks you through how to customize the Pre-Close feature, and how to handle additional items tasks. Learn more about how to make QuickBooks work best for [...]

cozbycpa2025-11-10T15:47:11-05:00November 10th, 2025|Categories: Accounting, Bookkeeping, QuickBooks, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, Plymouth MA tax preparer|

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
Gallery
Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]

cozbycpa2025-11-05T10:59:33-05:00November 5th, 2025|Categories: Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how are businesses required to report car loan interest under the One Big Beautiful Bill, no tax on car loan interest, One Big Beautiful Bill provisions, Plymouth MA tax accountant|

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite
Gallery
Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Good news from the QuickBooks Online world! You can now adjust and create payrolls in the past, even in closed quarters or a closed year. This means you can record or edit past checks, void checks, or void direct deposits. If you wrote a manual check and forgot to record it, there's no longer any need [...]

cozbycpa2025-11-03T10:21:20-05:00November 3rd, 2025|Categories: Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End|Tags: Closed quarter and year payroll corrections in QuickBooks Online Payroll Core, Cozby & Company, CPA Heather Cozby, how to make closed quarter and year payroll corrections, how to request amended tax filing forms from QuickBooks, Plymouth MA accountant, QuickBooks Online updates|

Go Digital to Avoid a Trip to Your Local Office During Government Shutdown
Gallery
Go Digital to Avoid a Trip to Your Local Office During Government Shutdown

Government, Social Security

Go Digital to Avoid a Trip to Your Local Office During Government Shutdown

This article was published by the SSA. As Congress works to pass a new federal budget, the government is currently shut down. We know this raises questions. We have answers to the most commonly asked questions about how the shutdown impacts you. Will the Shutdown Affect Payments? No, it will not affect payments. If you receive [...]

cozbycpa2025-10-29T14:34:02-04:00October 29th, 2025|Categories: Government, Social Security|Tags: Cozby & Company, CPA Heather Cozby, Plymouth MA accountant, what Social Security services are available online, will I get my Social Security payment during the government shutdown|