What you need to know about the 1099-K $600 threshold delay

What you need to know about the 1099-K $600 threshold delay

Late December, the IRS postponed the $600 reporting requirement that was scheduled to take effect in 2023, flooding taxpayers with 1099-K forms…and potential confusion. What is it? As part of the American Rescue Plan Act, the reporting threshold was lowered from 200...
The law that could affect your 1099-K and your 2022 tax bill

The law that could affect your 1099-K and your 2022 tax bill

It has become a de facto standard, a lot of us do it. Over the past few years, apps like PayPal, Venmo, CashApp, and Zelle have made it easy and convenient to pay and accept payments for personal and business transactions.  Until 1/1/22… It wasn’t required for...

Two Secrets Every Entrepreneur Needs To Know

Late last year, we were honored to have a seat on stage at Thomson Reuters’ Synergy conference.  We had the opportunity to share what we were doing as a firm to help our clients be successful so that other firms could learn and be inspired. What stands out most...
Infrastructure law sunsets Employee Retention Credit early

Infrastructure law sunsets Employee Retention Credit early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through...