QBDT – Don’t Be Late

If you are a QuickBooks Desktop user, don’t be late for these very important dates! Intuit will be transitioning to a subscription model with the 2022. The QB Desktop Plus and Enterprise subscriptions are scheduled to be released to businesses 10/12/21. They are offering a limited one-time fee purchase for QBDT Pro, Premier and Mac...

Time to Engage

Employee engagement is the direct result of the emotional commitment they have to their work, the team’s goals, and the company’s mission. Employee engagement is not to be confused with happiness or satisfaction. Often times it’s their “why”. As a business owner or manager you must acknowledge the purpose of your employees. If you show...

IRS Adjustments

The IRS is starting to send out Adjustment Notices. These notices report a difference between IRS information records (i.e. W-2, 1099, etc.) and amounts recorded on tax returns. For 2020 and 2021 the reporting of stimulus amounts is a huge source of differences between IRS records and tax returns. If you receive a notice regarding an...

WFO, WFH, WFA…WTF?

With so many companies realizing that brick and mortar offices are becoming less of a norm, how does one contend with the complexities of a hybrid workplace? Pre-COVID people mostly worked in the office and employees generally liked the office culture, events, collaboration and sharing of ideas and information, however, there were challenges with office...

2021… The Year of the Great R&R

You may have heard recently terms used to explain the 2021 job market as the year of the Great Resignation and Reshuffle. As the workforce changed with the onset of the COVID-19 pandemic, people were forced to make some substantial changes. Several people were suddenly displaced from the office through unemployment and remote working and...

2021 Tax Changes Keep Us “Smiling”

As the year progresses, changes have been made and are taking place.  Here are some of the 2021 tax changes that we will be facing as we enter the ring for the 2021 tax season… Advance Child Tax Credits:  Monthly advance payments began 7/15/21. Any amount paid will need to be reported on your 2021...

Paycheck Checkup

With the tax reform implemented by the Tax Cuts and Jobs Act and all of the upcoming changes for 2021, it would be a good time to conduct a “paycheck checkup”. The IRS suggests that all taxpayers use the tax withholding estimator to make sure they are withholding the correct amount from their paychecks for...

Paid Leave Tax Credits

On 7/29/21 it was announced by the Treasury Dept. and IRS that eligible employers who extend paid leave to employees who need to take certain individuals to receive their COVID-19 vaccine or care for certain individuals or household members while they recover will receive a tax credit equal to the wages paid for providing the...

What’s The Holdup?

If you are wondering why your tax return is delayed; it has been reported that there are approx. 35M backlogged returns; approx. 16M paper and now 19M electronic returns too. With the pandemic, there has been a shortage of staff, returns are now being held for manual processing for review of stimulus payments and unemployment,...