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TPSA

Jun 28, 20221 min read

July 2022 Due Dates

Here are the July 2022 Due Dates for Individuals and Businesses.

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How QuickBooks Online Helps You Track Mileage

TPSA

Jun 7, 20224 min read

How QuickBooks Online Helps You Track Mileage

With gas prices so high, you need to track your travel costs as closely as possible. Consider getting a tax deduction for your business...

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Forgot Something on Your Tax Return? It’s Not Too Late to Amend the Return

TPSA

Jun 7, 20222 min read

Forgot Something on Your Tax Return? It’s Not Too Late to Amend the Return

If you discover that you forgot something on your tax return, you can amend that return after it has been filed. The need to amend can...

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You May Be Able to Donate Your Unused Employee Vacation, Sick, or Personal Leave to Ukrainian Relief

TPSA

Jun 6, 20221 min read

You May Be Able to Donate Your Unused Employee Vacation, Sick, or Personal Leave to Ukrainian Relief

If an employer has adopted a leave-based donation program, there is a little-known disaster provision in the tax code.

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TPSA

Jun 6, 20224 min read

June 2022 Due Dates

Here are the June 2022 Due Dates for Individuals and Businesses.

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With a Possible Recession Looming, You May Want to Review Your Cash Flow Process

TPSA

May 23, 20223 min read

With a Possible Recession Looming, You May Want to Review Your Cash Flow Process

If you’re a business owner who has been through a recession before, you know that intelligent cash flow management is crucial. If you’re....

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TPSA

May 23, 20221 min read

Important Times to Seek Assistance

Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial...

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TPSA

May 23, 202211 min read

Happy Birthday from the IRS

When Congress enacts tax laws, whether the rule applies is often based on the taxpayer's age or a taxpayer's dependent. Reaching a certain..

68 views

Writing Off Your Business Start-Up Expenses

TPSA

May 10, 20223 min read

Writing Off Your Business Start-Up Expenses

New business owners, especially those operating small businesses, may be helped by a tax provision allowing them to deduct up to $5,000...

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Vacation Home Rentals: How the Income Is Taxed

TPSA

May 10, 20224 min read

Vacation Home Rentals: How the Income Is Taxed

For a home that is rented out part-time, one of three rules must be considered, based on the length of the rental.

83 views

What Every Employee Needs to Know About 401(k) Savings

TPSA

May 10, 20223 min read

What Every Employee Needs to Know About 401(k) Savings

More and more employers are offering 401(k) plans as an employee benefit, and if you have the option and are not currently taking...

48 views

You May Qualify for a Small Business Home Office Deduction

TPSA

Apr 21, 20226 min read

You May Qualify for a Small Business Home Office Deduction

If you are a small business owner and use part of your home for business, you may be able to take the so-called office-in-home tax...

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Tax Issues That Arise When Converting a Home into a Rental

TPSA

Apr 21, 20225 min read

Tax Issues That Arise When Converting a Home into a Rental

With the current substantial appreciation in home values and demand for housing exceeding the available inventory and low home mortgage...

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TPSA

Apr 21, 20222 min read

May 2022 Due Dates

Here are the May 2022 Due Dates for Individuals and Businesses.

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Owe the IRS Money? How Long Do They Have to Collect?

TPSA

Apr 19, 20224 min read

Owe the IRS Money? How Long Do They Have to Collect?

Have you ever wondered how long the IRS has to question and assess additional tax on your tax returns?

57 views

TPSA

Apr 6, 20223 min read

The Tax-FIling Deadline is Drawing Near

As a reminder to those who have not yet filed their 2021 tax returns, April 18, is the due date to either file a return (and pay the taxes..

24 views

TPSA

Apr 6, 20224 min read

Are Damage Awards Taxable?

The tax code specifies that all income is taxable from whatever source derived unless exempted by the Internal Revenue Code. The tax code...

91 views

Getting Started with Reports in QuickBooks Online

TPSA

Apr 6, 20223 min read

Getting Started with Reports in QuickBooks Online

Is Your QuickBooks company file ready for 2022? Here are three things you can do to put things in order.

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TPSA

Apr 6, 20225 min read

April 2022 Due Dates

Here are the April 2022 Due Dates for Individuals and Businesses.

69 views

There's a Lot You Can Get Wrong With Business Budgeting... But It's Still an Invaluable Practice

TPSA

Mar 23, 20224 min read

There's a Lot You Can Get Wrong With Business Budgeting... But It's Still an Invaluable Practice

According to one recent study, only about two-thirds of all businesses open today will survive two years in operation. Roughly half...

20 views

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