The IRS has now clarified some of the rules relating to the extension in Notice 2021-21 (IR-2021-67, 3/29/21). Background: The normal tax filing due date returns and paying any resulting tax is April 15 (or the next business day if the 15th falls on a holiday or weekend). However, this
In my previous article on keeping data secure while working remotely, I covered steps to take to ensure your devices and those of your employees are protected from data breaches while everyone is working from home. The next best practice to implement is data encryption. I recommend being thorough and
2017 was almost over when Congress approved and then-president Donald John Trump signed the TCJA, short for the Tax Cuts and Jobs Act. Both its supporters and opponents agree that there can be no two opinions about whether enacting tax reductions was Mr. Trump’s signature legislative accomplishment. Those who praise
New updates from Intuit and the QuickBooks team this month include QuickBooks Cash coming to QuickBooks Online Accountant, a payroll insights dashboard, simplified search within QBO Accountant and the opening of Accountant Council applications. QuickBooks Cash in QuickBooks Online Accountant Intuit has started rolling out to accountants and their firms
Issues with clients often happen, but when it becomes disruptive to a positive working relationship, it is usually best to move on and hopefully amicably. In this blog post, Jody Linick shares her personal experience about the right things to do when it comes time to disengaging with a client.
This 10-course bundle is taught by a CPA. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. February 15, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them,
The COVID-19 pandemic and the lockdowns have affected some businesses far more than others. Restaurants are a good example. At one point, they were closed. Then they could reopen, but only for outdoor dining. Then indoor dining was allowed, albeit at a fraction of full capacity. The stand-up bar side
For most of us, the last 12 months have been a rollercoaster, a fast-track MBA in change management and and definitely an era with a steep learning curve, particularly in terms of technology tools. When the COVID-19 pandemic began in early 2020, I started bringing different communities within industries together, with
In three previous columns, I discussed often-overlooked IRS tax breaks available in 2021 for freelancers, consultants and other self-employed individuals who pay their sons and daughters reasonable wages for work actually done by the children on behalf of their businesses. One discussed dealing with retirement benefits like Social Security taxes.
Do you agree to everything asked of you because saying “no” feels uncomfortable? As you spread yourself too thin or agree to work outside of scope, you experience burnout, resentment or cynical thoughts. It’s not sustainable, especially during tax season. Consider the client who calls you in a panic to prepare