by Service2Client | Mar 1, 2024 | Blog, Tax and Financial News
The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate anonymity is enabling money laundering, terrorism, and drug trafficking. As part of the 2021 Corporate Transparency Act...
by Service2Client | Feb 1, 2024 | Blog, Tax and Financial News
Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client, and aside from treating them with the same decency and respect that you would show any other random person, who cares β right?...
by Service2Client | Aug 1, 2023 | Blog, Tax and Financial News
Now that we are heading into the backend of summer, itβs time for many states to host their annual sales tax holidays for returning to-school shopping. Numerous states with sales tax (remember, not all states have a sales tax) provide the reprieve to help families...
by Service2Client | Jul 1, 2023 | Blog, Tax and Financial News
Private companies both large and small are feeling the tax pinch due to changes in the law. With rampant inflation, labor shortages, lingering supply chain issues and increased borrowing costs due to rising interest rates, tax problems are the last thing struggling...
by Service2Client | Jun 1, 2023 | Blog, Tax and Financial News
The end of the federal emergency declaration for Covid-19 came on May 11. As a result, there are various public health policy changes. For example, vaccines and treatments will remain available, but at-home tests may no longer be covered by insurance and national CDC...
by Service2Client | May 1, 2023 | Blog, Tax and Financial News
So, you filed and paid all your taxes on the money you earned in 2021. Now, the company you work for finds itself in trouble, and you are forced to pay back part of your compensation. The big question is, will the IRS refund you for the taxes you already paid related...