Third Hand Bookkeeping Service

Don’t let social distancing get in the way of your personal and professional relationships Keeping up with your friends and maintaining professional relationships is a challenge as most in-person activities have come screeching to a halt. Drive-by birthday parties, video happy hours and pre-recorded commencement speeches are the new normal. Despite social distancing guidelines, here […]

Shuttered businesses are realizing that lifting lockdown restrictions doesn’t mean a return to business as usual. Social distancing guidelines and a public wary of venturing into crowded environments means light customer traffic for many businesses. Here are several ideas to help local businesses financially as they re-open their doors: Continue buying gift cards. For many small […]

Do you need a quick infusion of cash? Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you may be able to take money out of a qualified plan, like a 401(k), or an IRA, with favorable tax consequences. But should you do it? You might view withdrawing money from a retirement account as […]

Numerous new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises if you use the available economic relief packages: Getting a tax bill for unemployment benefits. While the $1,200 economic impact payments most Americans received […]

As small business owners with many of us working from our homes, we do not think about what a disaster can do to our businesses. But over the last couple of months, living through a pandemic, we realize we do need to prepare. With us entering Hurricane season, even those not located in the path of […]

Hackers have found their new playground amid the increased use of video conferencing during the coronavirus pandemic: Zoombombing, Here’s how to prevent these uninvited guests from making an unwanted appearance. Zoombombing defined Named for the company Zoom, the unfortunate first high-profile victim of this phenomena, zoombombing occurs when internet trolls hack video conference meetings and […]

If you’ve been recently laid off, here’s how you can get some quick cash to help pay your bills. You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. Millions of American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are 6 […]

Your COVID-19 stimulus checks are in the mail! Find out how much you qualify for and when to expect the money. The IRS has two websites to help with stimulus payments: One for non-tax filers to register to receive their economic impact payment and a new “Get My Payment” tool. BackgroundAs a response to the […]

As you navigate the COVID-19 pandemic, we’re here as your trusted tax and business advisors to provide guidance as we all traverse these uncertain times. Coronavirus uncertainty abounds. Thankfully, by monitoring tax changes on your behalf, we can work together to navigate the right path for you and your family. Here is a round-up of […]

If you are approaching retirement and are not sure what your benefits would be at retirement or perhaps waiting until you’re 70, check out the Social Security Administration’s website and use their Retirement Estimator: https://www.ssa.gov/benefis/retire/estimator.html. This tool pulls your earnings history and provides you with a customized estimate of your benefit at your retirement age.