Small Business Owners Should See If They Qualify for the Home Office Deduction

This article was published by the IRS. Many Americans have been working from home since the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their tax return next year. Here are some things to [...]

How to File a Return and Remit a Contribution for Paid Family and Medical Leave​

This video tutorial shows an employer how to file and pay a Paid Family and Medical Leave return in MassTaxConnect. Follow the step-by-step instructions to learn how to navigate the online system. Paid family and medical leave (PFML) is a program designed to help people in Massachusetts take paid time off of work for family or [...]

When the Lemonade Stand Makes Bank: Young Entrepreneurs and Taxes

This article was published by the IRS. Teens and young adults often go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer withholds taxes from their [...]

QuickBooks Money: No-Fee Business Banking with Seamless Payments

Earning your business money is hard. Managing it should be easy. Ready to spend, stash, and grow your cash? Introducing QuickBooks Money, a banking and payments tool built with your business in mind. Get a business bank account with no minimum balances or monthly fees, a debit card, and industry-leading APY to help you save on [...]

Taxpayers Should Check Their Federal Withholding to Decide if They Need to Give Their Employer a New W-4

This article was published by the IRS. The IRS encourages all taxpayers to review their federal withholding at least once a year to make sure they're not having too little or too much tax withheld. Taxpayers whose employers withhold federal income tax from their paycheck can use the IRS Tax Withholding Estimator to help decide if [...]

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