Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
What if the worst happens and you lose your job? There are some options you have to get through this rough time. Unemployment. First, if you have been laid off, you can file for unemployment. This income is taxable, just as any other income. … [Read more...] about Losing a Job
Each year, the IRS publishes a list of the twelve most common tax scams. What are the dirty dozen for 2020? … [Read more...] about IRS’s Dirty Dozen
In the current crisis, more taxpayers than usual are unable to pay their bills and are seeking debt forgiveness. The general rule is that cancelled debts are included in the income of the taxpayer. However, exceptions may allow the taxpayer to … [Read more...] about Cancellation of Debt Income
It Might be a Business after all If you have income from sources other than your main job, how do you know whether it’s income from a business or hobby? Like many of us, you’ve probably dreamed of turning a hobby or pastime into a regular … [Read more...] about Hobby Income
As you complete your tax return this year, are you surprised by the amount of your balance due or refund? Many people are unpleasantly surprised by the balance due. How can you prepare so that tax time is, if not pleasant, at least less … [Read more...] about Mid-Year Tax Checkup
You can receive two weeks (up to 80 hours) of paid sick leave at 100% of your normal pay if you are unable to work because you are quarantined, and/or experiencing COVID-19 symptoms and seeking a medical diagnosis. You can receive two weeks (up … [Read more...] about Relief for Individuals
