All Things Power
Determining what types of business tax returns you need to file can be a daunting task but once you have the tools to make the determination, you’ll be well on your way. The following general questions must be considered in order to complete your assessment: What is the business structure of your company? Do you …
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The United States Tax Court shut down operations on Friday, December 28, 2018, at 11:59 p.m. and will remain closed until further notice. If someone is representing you in your case, you should contact your representative for more information. Visit the Tax Court’s website for updates. The Tax Court website indicates that mail sent to …
You may be eligible to claim the 2020 Recovery Rebate Credit If you didn’t get a first and second Economic Impact Payment or received less than the full amounts. A 2020 tax return must be filed in order to claim the Rebate Credit. Claiming the Rebate Credit You must know the amount of the first …
In order to qualify as a dependent for purposes of filing your federal tax return, a person must be what the IRS considers as either a qualifying relative or qualifying child. They must also meet some additional criteria as well. Interestingly, a qualifying relative does not have to be a relative. Additionally, someone who qualifies …
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Google plus is shutting its eDoors April 2, 2019 due to low usage and maintenance challenges according to a Google issued document. Google has provided a way to download data from Google Plus and if your company is a G Suite customer, Google Plus for your G Suite account should remain active. The full report …
As I was searching online for a solution to help organize client documents, I stumbled upon something that seems a little wonderful. I found an app called FileThis that helps people go paperless. They even have a free solution! As an accountant, this app will allow me to streamline the process my clients go through to retrieve …
It’s business as usual at the Internal Revenue Service. The government shutdown will not affect 2018 income tax return filing. The IRS confirmed that income tax returns will begin to be processed beginning January 28, 2019 and will provide refunds as scheduled. The IRS received a permanent indefinite appropriation from Congress to pay all tax …
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KES Design Group, an accounting firm located in Cleveland, OH has officially launched their blog, Money & Power! Enjoy your visit and browse through articles written to provide entrepreneurs and business owners information about starting and running a successful business. This blog was born out of the idea that knowledge is power and hopefully, we …