Residents of the United States are ranked as among the most generous in the world according to some surveys. However, many charitable organizations are now experiencing a decline in donations given as we find ourselves dealing with a public health crisis.
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The new charitable deduction for 2020
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A Handbook To Our Accounting Services
Accounting is the systematic recording of financial transactions to track income, expenses, ensure statutory compliance, and offer management, investors, and the government quantitative financial information. These monetary details are also used to make critical business decisions, evaluate performance, and create budgets and future projections.
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IRS Releases Draft Form 1040: Here’s What’s New For 2020
Original Article Source Credits: Forbes , https://www.forbes.com/
Article Written By: Kelly Phillips Erb
Original Article Posted on: Aug 20, 2020
Link to Original Article: https://www.forbes.com/sites/kellyphillipserb/2020/08/20/irs-releases-draft-form-1040-heres-whats-new-for-2020/#5ee05a193356
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PPP forgiveness simplified for loans of $50,000 or less
Original Article Source Credits: Journal of Accountancy , https://www.journalofaccountancy.com/
Article Written By: Ken Tysiac
Original Article Posted on: October 9, 2020
Link to Original Article: https://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-simplified-for-loans-50000-less.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=09Oct2020&utm_content=button
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Frequently Asked Questions About Taxes
Accurately filing annual returns on time is essential to comply with the tax authorities. On many occasions, you will also be able to claim rebates, so it’s critical to stay on top of your books. However, if it’s your first time filing taxes, you may have tons of questions about the process but may find it tricky to get all the answers that you’re seeking.
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The payroll tax deferral
On August 28, 2020 the Treasury Department and the Internal Revenue Service released guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on August 8th.
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Why DIY Tax Returns And Bookkeeping Are A Bad Idea
Whether you’re a business, corporation, or individual (above the age of eighteen), paying taxes to the government is mandatory. To ensure your tax filing process is efficient, you must practice sound bookkeeping. However, if you lack expertise in bookkeeping and tax filing, it’s essential to enlist a professional to handle these processes.
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Announcing the new website
We are delighted to announce the launch of our new website!