Times have changed, and many teams around the world are finding themselves in a new telecommuting ecosystem that has brought various challenges that go along with it. Whether your employees...
The Internal Revenue Service has announced it will reopen the registration period for federal beneficiaries with children who didn't receive a $500 per child Economic Impact (stimulus) Payment earlier this...
It has been more than ten years since the United States’ economy has gone through a recession, and when the National Bureau of Economic Research announced in June that we...
Article Highlights: Keeping home improvement records Home gain exclusion amounts Records may be required to avoid tax Individuals who meet the 2-out-of-5-year use and ownership tests can exclude up to $250,000...
Whether your company sells product or services, QuickBooks Online can help you track them. If you sell one-of-a-kind products and can see all of them at a glance, tracking your inventory...
Article Highlights: Away-from-home travel Lodging and meals Entertaining for charity Automobile travel Uniforms Substantiation requirements If you volunteered your time for a charity or governmental entity during the COVID-19 pandemic,...
Charitable contributions are generally allowed as part of an individual’s itemized deductions on his or her income tax return, while a business expense deduction generally isn't allowable for a contribution...
If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income tax credit. The amount of the credit is based on...