Educating Business Owners about Tax Deductions.
Ready to make a change for 2023? Now is the time!
The news has been full of corporate jobs being closed out over the last six weeks. Layoffs across several sectors. So let's talk about what this means for you. If you have been in a corporate job and are miserable or are nervous about these lay offs then maybe now is...
The IRS has hired 4,000 more Customer Service Representatives
The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to help answer phones and provide other services. The customer service...
Save on Energy AND on Taxes
Ready to make your home more energy efficient? Take advantage of the Inflation Reduction Act which includes a tax credit worth up to $1,200 a year for installing qualified energy efficient home improvements, starting in 2023 and continuing until 2032 so you have 10...
Beware of ERC scammers!
The Internal Revenue Service today warned business owners to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and...
“Ignite Success” with Greg Provance from GP Hospitality Partners
On "Ignite Success," Wendy Barlin welcomes outstanding leaders to this uplifting and interesting show, filled with practical advice and tips for business professionals. This week, Wendy spoke with Greg Provance from GP Hospitality Partners. To learn...
Student Loan Debt Forgiven is NOT Taxable
The pause on Federal STudent Loan Programs has been extended until the end of 2022 to give the Department of Education time to get the Student Loan Debt Forgiveness Program in place. As a recap, individuals with federal student loans who meet certain income thresholds...
Underwhelmed by your Tax Preparer?
Underwhelmed by your tax preparer? Now is the time to start interviewing tax professionals to find someone who better meets your needs. Remember, not all tax preparers are created equal. Most have a CPA or EA license but styles and pricing vary greatly. In my opinion,...
Do you have bank accounts in Foreign Countries? The IRS wants to kow about that!
The Internal Revenue Service today reminded us that the extension deadline to file your annual Report of Foreign Bank and Financial Accounts (FBAR) is October 15. Filers who missed the April 15 annual due date earlier this year received an automatic extension until...
Have you been paying contractors who really should be on payroll?
If you have been paying contractors who really behave like employees, then I highly recommend you use the Voluntary Classification Settlement Program to come clean. The IRS and several states have aggressively been pursuing employers who have misclassified workers....
“Ignite Success” with Robert Knop from Assist You Today
On "Ignite Success," Wendy Barlin welcomes outstanding leaders to this uplifting and interesting show, filled with practical advice and tips for business professionals. This week, Wendy spoke with Robert Knop from Assist You Today. To learn more,...