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Taxpayer filing statuses: Which one can you claim?

Taxpayer filing statuses: Which one can you claim?

When it comes to taxes, December 31 is more than just New Year’s Eve. That date will affect the filing status box that will be checked on your 2020 tax return. When filing a return, you do so with one of five taxpayer filing statuses. In part, they depend on whether...
2021 Q1 tax calendar: Key tax-related deadlines

2021 Q1 tax calendar: Key tax-related deadlines

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.  Contact us  to ensure you’re meeting all...
Estimated tax payment deadline is January 15, 2020

Estimated tax payment deadline is January 15, 2020

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The fourth 2020 estimated tax payment deadline for individuals is Friday, January 15,...
The QBI deduction basics and a year-end tax tips

The QBI deduction basics and a year-end tax tips

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI deduction: Is available to owners of sole...