Happy Holidays from Cozby & Company

We want to wish you and your loved ones a very happy holiday season. May you take the time to make warm memories together and focus on what matters most in life. All our best in 2024! May the new year be productive, prosperous, and enjoyable for each of you.

IRS Announces Delay in Form 1099-K Reporting Threshold for Third-Party Platform Payments in 2023

This article was published by the IRS. Following feedback from taxpayers, tax professionals, and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023. As the IRS continues to work to [...]

Gift Card Scam

Remember, gift cards are for gifts, not for making tax payments. Many people give gift cards as a convenient gift for any occasion. Scammers use gift cards to steal your money. Here's how this works: the scammer may call you impersonating an IRS agent, or contact you by text, email, or social media. The criminal calls [...]

Some Tax Considerations for People Who are Separating or Divorcing

This article was published by the IRS. When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married for filing purposes until they get a final decree of divorce or separate maintenance. Update withholding When someone becomes divorced or separated, they [...]

QuickBooks Live – Expert bookkeeping

As a business owner, building your dreams and protecting your hard work is part of who you are. But that doesn't mean it's easy. What if you had a trusted expert in your corner - someone to give you confidence and take one more thing off your plate? QuickBooks Live makes it possible. We'll match you [...]

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