Plymouth MA accountant Archives

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

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

One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors
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One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors

Interest, IRS, Personal Finance, Personal Taxes, Tax Deductions, Tax Tips, Taxes

One, Big, Beautiful Bill Act: Tax Deductions for Working Americans and Seniors

This article was published by the IRS. Below are descriptions of new provisions from the One, Big, Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025. “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips [...]

cozbycpa2025-10-15T09:53:50-04:00October 15th, 2025|Categories: Interest, IRS, Personal Finance, Personal Taxes, Tax Deductions, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, One Big Beautiful Bill Act, Plymouth MA accountant, tax deductions for working Americans and seniors, who is eligible for no tax on car loan interest, who is eligible for no tax on overtime, who is eligible for no tax on tips, who is eligible for the new senior deduction|

How to Reclassify QuickBooks Transactions
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How to Reclassify QuickBooks Transactions

QuickBooks, Self-Employed, Small Business, Videos, YouTube

How to Reclassify QuickBooks Transactions

Normally you must change the account, class, or location one by one for multiple locations. With QuickBooks Online Advanced, however, you can save time and change those details for multiple transactions with a single step. This video goes over a common problem with accounts on transactions, and then fixes that problem across multiple transactions with Reclassify [...]

cozbycpa2025-09-22T07:59:45-04:00September 22nd, 2025|Categories: QuickBooks, Self-Employed, Small Business, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how to change misassigned expenses in QuickBooks Online Advanced, Plymouth MA accountant, reclassifying transactions in QuickBooks|