Social Security Retirement Calculator

Posted on 23. Apr, 2020 by in Services, Small Business Tips, Tax Updates, Website Resource

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.

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New Law Requires Small Business to Provide Paid Leave

Posted on 13. Apr, 2020 by in Employee Benefits, Employees, Human Resources, Small Business Tips, Uncategorized

The Families First Coronavirus Response Act is a new law passed recently that offers COVID-19 assistance for both employees and employers. This new law provides businesses with fewer than 500 employees the funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. Here are the […]

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Tax Deadlines Move to July 15

Posted on 09. Apr, 2020 by in Small Business Tips, Tax Updates

The April 15 federal income tax filing due date has been moved to July 15, the U.S. Treasury Department and IRS recently announced. Here is what you need to know: The due dates for all tax payments normally due April 15 have been pushed back 90 days to July 15, regardless of the amount owed. […]

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Recent COVID-19 Small Business Updates

Posted on 02. Apr, 2020 by in Small Business Tips, Tax Updates

Here are some valuable resources on recent changes that can impact Small Business owners: IRS rulings SBA loan offerings Tax Relief Stimulus bill As you know the IRS has extended the federal tax filing deadline to July 15.  What you might not know is that not all states have followed on this extension with the […]

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Coronavirus (COVID-19): Small Business Guidance & Loan Resources

Posted on 30. Mar, 2020 by in IRS, Revenue, Small Business Tips, Tax Updates

Health and government officials are working together to maintain the safety, security and healthy of the American people. Small businesses are encouraged to do their part to keep their employees, customer and themselves healthy. For all the latest resources visit www.sba.gov

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IRS Data Theft

Posted on 25. Mar, 2020 by in Identity Theft, IRS, Security

What better place for online thieves to target than a database that contains 300 million+ Social Security numbers and a treasure trove of financial information? The IRS has 52 Internet applications to help U.S. citizens comply with their tax obligations. But these online portals, which collect, process and store large amounts of personal information and […]

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Independent Contractors

Posted on 19. Mar, 2020 by in Independent Contractor, Small Business Tips

Are you one of the now 33% of Americans who work as either an independent contractor or freelancer? If you answer yes, you are now a participant in the gig economy, a modern term for an economy characterized by workers who earn money through short-term contracts or freelance work. Succeeding as an independent contractor can […]

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Finding the Balance of Income vs. Spending: The IRS primer every voter should know

Posted on 12. Mar, 2020 by in Tax Tips

Every year the IRS publishes instructions to prepare your Form 1040, individual tax return. The publication for 2019 is a whopping 108 pages! On page 103 of the IRS booklet is a summary of collections (income) and spending (outlays) by the federal government. Given the election year, here is a summary of this recap and […]

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Five Tips to Make Tax Time Painless

Posted on 02. Mar, 2020 by in Small Business Tips, Tax Tips

Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful.  Have patience.  Practicing patience will go a long way when you’re dealing with taxes. Keep in mind that for tax professionals, […]

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New Rules Mean Saving More for Retirement

Posted on 27. Feb, 2020 by in Managing Finances, Misc. Articles, Retirement Accounts, Tax Tips

The Setting Every Community Up for Retirement Enhancement Act, also known as the SECURE Act, was passed by Congress in late December 2019. Here are some of the features in the new legislation that will help you save more for retirement: Money can continue to grow tax deferred If you turn 70½ in 2020 or […]

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