by Tiffany Mellow | Aug 2, 2024 | Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes, Personal Accounting, Personal Tax Deductions, Personal Taxes, W-2's, Your Questions Answered - Business Accounting, Your Questions Answered - Personal Accounting
For 2024 it is difficult to track of what’s new and changed from last year, and there are lots of tax law changes and updates for 2024 that you need to know. To help, we put together a list of the most important tax law changes for 2024. Pay attention to these...
by Tiffany Mellow | Jul 17, 2024 | Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes
An Identity Protection PIN (IP PIN) is a six-digit number that prevents someone else from filing a tax return using your Social Security number or Individual Taxpayer Identification Number. The IP PIN is known only to you and the IRS. It helps us verify your...
by Tiffany Mellow | Jun 5, 2024 | Bookkeeping, Business Tax Deductions, Business Taxes, Non-Profit Taxes
Here are some crucial insights into depreciation, particularly regarding business or rental assets. When Does Depreciation Start? Technically, depreciation begins not when you use an asset but when it’s ready and available for its intended purpose. For instance: A...
by Tiffany Mellow | May 1, 2024 | 1099's, Bookkeeping, Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes
For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities. No...
by Tiffany Mellow | Aug 23, 2018 | Business Taxes, General, Non-Profit Taxes, Personal Taxes
This week our area has been hit with an increased number of tax-related scam telephone calls. They are starting to sound much more realistic than similar scams in prior years. Usually the caller will identify themselves as a member of an enforcement division of either...
by Tiffany Mellow | Jul 25, 2018 | Business Taxes, Non-Profit Taxes, Personal Taxes
Last week I spent three fantastic days at the IRS Nationwide Tax Forum! Many new tax laws and changes to the tax forms are slated for the next filing season. The amount of new information, procedural changes and tax form modifications discussed was at times,...
