Category Archives: Tax Tips

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 [...]

How can I use tax loss harvesting to reduce my tax liability?

Tax loss harvesting is strategically selling an investment at a loss, or “realizing” a loss [...]

Nail the basics. An accounting checklist for your small business.

If you are in the early stages of running a business, there are a couple [...]

Things to know about the IRS Expansion of the Electric Vehicle Tax Credit

If you’re in the market for an electric vehicle and you’ve kept your eye on [...]

IRS interest rates increase for the third quarter of 2022

On May 20, 2022 the Internal Revenue Service announced that interest rates will increase for [...]

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 [...]

IIAJ Retroactively Terminates Employee Retention Tax Credits

The Infrastructure Investment and Jobs Act (IIAJ) (to be signed by President Biden on November [...]

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 [...]

Advance Child Tax Credit: Should You Opt-Out?

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