by Christina Minton | Feb 1, 2021 | Your Income
Your 1099’s are coming soon! Virtually every small business, including sole-proprietors, must issue at least one 1099 each year. And this year there is a new one called the 1099 NEC. Here is a summary of the most common of these informational tax forms that you...
by Christina Minton | Jan 25, 2021 | Miscellaneous
Each year thieves try to steal billions in federal withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of year to be extra vigilant. Early tax filing season is the worst time Your federal tax...
by Christina Minton | Jan 18, 2021 | Miscellaneous
Are you an independent contractor or an employee? As the pandemic continues, many long-time employees are now picking up jobs as contractors. In the meantime, states like California are trying to force the definition of employees upon companies. Getting it wrong could...
by Christina Minton | Jan 11, 2021 | Tips
Now is the time to make your estimated tax payment. If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 2020 fourth quarter due date is now here. Due date: Friday, January...
by Christina Minton | Jan 3, 2021 | Whats New
New mileage rates announced by the IRS. Mileage rates for travel are now set for 2021. The standard business mileage rate decreases by 1.5 cents to 56 cents per mile. The medical and moving mileage rates also decrease by 1 cent to 16 cents per mile. Charitable mileage...
