The Internal Revenue Service has announced that the nation’s tax season will begin Monday, January 27, 2020 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.
Nancy J. Winter, CPA – Earned Income Tax Credit Eligibility Rules
The Earned Income Tax Credit (EITC) is a tax credit for people who work but do not earn high incomes. To qualify, taxpayers must meet the following requirements and file a tax return.
Nancy J. Winter, CPA – Hiring Family Members Within a Family Business
One of the advantages of someone running their own business is hiring family members. But when hiring family members, certain tax treatments and employment tax rules apply. Here are some facts to know when working with a spouse, parent or child.
Nancy J. Winter, CPA – Bonus Depreciation and Section 179 Expense
Bonus depreciation is a valuable tax-saving tool for businesses. It allows your business to take an immediate first-year deduction on the purchase of eligible business property, in addition to other depreciation.
Nancy J. Winter, CPA – Bonus Depreciation and Section 179 Expense
Bonus depreciation is a valuable tax-saving tool for businesses. It allows your business to take an immediate first-year deduction on the purchase of eligible business property, in addition to other depreciation.
