1099 Reminder
Please be aware that your business is required to file the form 1099-NEC, Non-Employee Compensation, for each person, partnership, or LLC to whom you have paid $600 or more for...
04 January, 2022
tax tips Tag
What Your Accountant Needs to Prepare Your Tax Return
What does your CPA need from you? The following is a list of general information that should be gathered for your income tax returns. Tax Information Needed Individual income tax returns: ...
08 December, 2021
Are You Liable For “Nanny Taxes”?
If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand your tax obligations, commonly referred...
08 November, 2021
Oops, You Overfunded Your 529 Plan
If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts. Oops, you...
08 November, 2021
5 Tax Planning Tips For Retirees
There’s a common misconception that, after retirement, tax bills shrink, tax returns become simpler and tax planning is a thing of the past. That may be true for some, but...
08 November, 2021
Get an IRS Identity Protection PIN
ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This is an extra step to help prevent tax fraud....
04 November, 2021
How to Repay Deferred Social Security Tax
Authored by the IRS, July 6, 2021 How Self-Employed Individuals and Household Employers Repay Deferred Social Security Tax The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers...
02 November, 2021
Is 2021 the Year to Consider a Roth Conversion?
Authored by: W. Dale Westenskow, CPA, Haynie & Company Partner Is it time for a Roth Conversion? It looks like the wealthy are on track for a tax increase under President Joe...
19 September, 2021