by Janet Kanan, EA | Apr 10, 2020 | COVID-19
Michigan has started sending out this notice regarding unemployment compensation: “The Unemployment Insurance Agency records show you recently established a claim for unemployment benefits. This notice is to advise you that an addition to your weekly benefit amount,...
by Janet Kanan, EA | Dec 2, 2019 | Blog, News
VISA/Mastercard Settlement to Merchants On December 13, 2019 the Court granted final approval to a settlement filed on September 18, 2018 in the amount of $5.54 billion. The lawsuit is about claims that merchants paid excessive fees to accept Visa and...
by Janet Kanan, EA | Nov 15, 2019 | Business
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others. You may have to send 1099-MISC forms to those whom you pay non-employee compensation, as well as file copies...
by Janet Kanan, EA | May 31, 2019 | Tax
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number of refunds paid this year is down from last year —...
by Janet Kanan, EA | Feb 21, 2018 | Business, Uncategorized
We all know it’s important to back up our files, but in many cases, it takes a crisis to drive the point home. Are you backing up your Quickbooks data regularly? Here are a couple of cases in which experienced bookkeepers learned this lesson the hard way: The...
