Sick leave credit for eligible self-employed Individuals

Prior to the COVID-19 pandemic self-employed people likely felt they were overlooked. The availability of financing under the paycheck protection program and certain tax credits have shone a light of hope for the self-employed individual. A self-employed individual may be eligible to claim a tax credit under the qualified sick leave and qualified family leave …

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COVID-19 relief for struggling taxpayers

You do not need to read this article to know that COVID-19 has made life extremely difficult for a vast number of people. The impact of the pandemic may have made it hard if not impossible at the moment to satisfy your tax obligations. The IRS knows this too and recently announced new collection procedures …

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Arizona Proposition 208

Have you heard that there is an election going on? And while most of the attention has been focused on the presidential election, there are local elections and initiatives, as well. A very interesting proposition in Arizona is Proposition 208 (Prop 208). This is also sometimes known as the Invest in Education Act. (Or Invest …

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The never ending tax season

Tax season, like the rest of 2020, seems to be going on forever this year. I am not sure if it is actually October 15th or March 229th. I think we can all agree that it has been a very long year. We started out 2020 with a bang, just knowing that it was going …

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QR code technology comes to the IRS

Do you owe the IRS money? Or maybe you are unsure of your payment options. In theory, you know that there is much in the way of good information on the IRS website (IRS.gov – don’t be fooled by a scammer trying to take you to a look alike website), but it can be overwhelming …

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Are you an identity theft victim?

The amount of identity theft cases continues to increase each year and could even affect your tax return and/or refund. Identity thieves will use another individual’s social security number in order to file a false tax return to claim a refund. This tends to happen early in the tax filing season. You may be a …

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Tax benefits for members of the military

If you are a member of the U. S. Armed Forces, likely the last thing on your mind is taxes. Be aware though, there are many special tax benefits available to members of the armed forces. Don’t miss: How to report identity theft to the IRS Following are six of those benefits: Deadline Extensions. Some …

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Relief for late filing of S-corporation elections

In order to properly qualify a newly created entity for S-corporation status, Form 2553 must be filed no more than two months and fifteen days after the beginning of the tax year the election is to take effect. Not surprisingly, this brief window of opportunity is frequently overlooked by taxpayers unfamiliar with the rule, and …

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Did my doppelganger file for unemployment or am I a victim of fraud?

You received mail from the Arizona Department of Economic Security (DES) regarding your recent application for unemployment benefits. Trouble is you never applied for unemployment. Don’t just drop the letter in the trash. You could be a victim of identity theft, and Arizona wants to hear about it. Fraud is common with unemployment but since …

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Customized reports and analysis

As discussed in the blog on dashboards and visualizations, there are increased benefits when integrating multiple software packages a company uses, such as general ledger, inventory management, customer relationship management, human resource information system and point-of-sale systems.  Once the applicable software packages are integrated, the customized reports and analytics can be prepared. Don’t miss: Transfer …

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