Category Archives: Individual Tax Resources

What is the difference between a W2 and a 1099?

Hiring employees and contractors is an essential part of your growing business, but navigating the [...]

Tax Smarts: A Guide to Estimated Tax Payments

If you earn income that’s not subject to tax withholdings, you’ll want to consider making [...]

Is my side hustle a hobby or a business?

The IRS has some thoughts. Distinguishing between a hobby and a business is confusing at [...]

Should You Be Withholding Taxes for your Nanny or Babysitter?

Many people have taken on a nanny or babysitter to help with childcare.  If you [...]

IIJA’s New Digital Asset Reporting Requirement

The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on Nov. [...]

How-To Plan Now to Make Filing Your Taxes Easier in 2022

This tax year will be another complex year as many taxpayers received stimulus payments or [...]

IRS announces 401(k) limit increases to $20,500

The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the [...]

Advance Child Tax Credit: Should You Opt-Out?

The American Rescue Plan Act (ARPA) included a provision that allows for the IRS to [...]

The American Rescue Plan Act of 2021 – Individual Provisions

Below we have assembled a brief summary of some of the individual taxpayer provisions of [...]

ARPA’S Enhancements to the Premium Tax Credit

The premium tax credit (PTC) is a refundable tax credit that assists individuals and families [...]