Taxes

How to File Past-Due Tax Returns

August 16, 2023 Life can sometimes throw us curveballs, and as a result, important tasks like filing tax returns can...

What’s new in sales tax?

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent...

IRS Ends Surprise Visits from Revenue Officers

August 15, 2023 The IRS recently announced it is ending its longstanding practice of surprise in-person visits to taxpayers. Optima...

What is a Section 179 Deduction?

August 10, 2023 When it comes to running a business, one of the key goals is to minimize expenses and...

Time constraints surrounding sales and use tax

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use...

GoFundMe: How are Donations Taxed?

August 9, 2023 Crowdfunding is the act of funding a project by collecting small donations from a large number of...

Managing Exemption Certificates – the importance of validation

Valid exemption certificates from your customers are critical in managing your overall sales tax risk. Yet a surprising number of...

Zelle and Taxes: Will I Receive a 1099-K?

August 8, 2023 We’ve been warned about the new 1099-K reporting thresholds for over a year now. Beginning in tax...

What is the SALT Deduction?

August 7, 2023 If you’ve never heard of the State and Local Tax (SALT) deduction, you’re not alone. But if...

2023 State Income Tax Rates and Brackets

August 3, 2023 We often discuss federal taxes here, from tax filings to deductions and credits. However, it’s important to...

Telecommunications Tax Exemptions | TaxConnex

TaxConnex works with a lot of telecommunications service providers that are new to the business. Many are existing MSP’s (Managed...

Tax Tips for Seniors and Retirees

August 1, 2023 As the golden years approach, seniors and retirees face a new set of financial challenges, with tax...