Latest Articles

home-office-Pixabay-Tookapic-932926_1280

September 15, 2021 

2021-2022 Home Office Tax Deductions

To qualify for home office deductions, you must use at least part or your home regularly and exclusively as (1) your principal place of business or (2) a place to meet or deal with customers, clients or patients in the normal course of your business.

1099 NEC 2020

September 15, 2021 

How to Classify Workers as Employees or Contractors

An employee is generally considered to be anyone who performs services, if the business can control what will be done and how it will be done. What matters is that the business has the right to control the details of how the worker’s services are ...

trucks

September 15, 2021 

IRS Extends Dyed Diesel Penalty Relief

In response to the continued shortages of undyed diesel fuel caused by Hurricanes Ida and Nicholas, the IRS has extended the penalty relief provided in IR-2021-176 when dyed diesel fuel is sold or used on the highway.

intuit

September 14, 2021 

Intuit to Acquire Mailchimp

Together, Intuit and Mailchimp will work to deliver on the vision of an innovative, end-to-end customer growth platform for small and mid-market businesses, allowing them to get their business online, market their business, manage customer ...

salesusetaxes1

September 13, 2021 

How to Help Your Client or Business Through a Sales Tax Audit

Tax laws continue to evolve and add new complexities to business operations. As a result, stakeholders expect their CPAs or internal tax professionals to be prepared for anything. However, as most accountants know, it is impossible to specialize in ...

strategy1_11652166

September 13, 2021 

Compliance or Advisory? You Can Do Both

Unless something drastic changes in tax law or financial regulations, your clients will continue to need tax returns and financial statements. These continue to be profitable areas in an accounting firm, even as advisory services take up a growing ...

Jim Boomer