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Tax Tips

Understanding Form W-2: A Guide To The Wage & Tax Statement

IRS Form W-2, or the Wage and Tax Statement, is a tax time essential. We'll help you learn how to understand the form, important filing deadlines, and how to avoid common errors here. Read more

Carol Nachbaur
Tax Tips

What are Tax preparing fees?

Whether a professional tax preparer or an accountant will prepare your tax returns, it's vital to keep in mind that there is a tax preparing fee. What are tax preparation fees, and how are they calculated? Are fees deductible, what what is the average tax preparation fee? Our informative insight on tax preparation fees will suit your business and personal tax return requirements. Read more

Carol Nachbaur
Tax Tips

Save It or Shred It: How Long To Keep Your Important Financial Documents

Knowing which documents you should hold on to will prevent you from unnecessary trouble down the line. We'll tell you which financial records to keep and how long to keep them so you can save and shred with ease. Read more

Carol Nachbaur
Tax Tips

How PPP Loans Affect Your Taxes

In the wake of the Covid pandemic, businesses were economically disadvantaged during the various phases of lockdown. Halfway through 2020, the paycheck protection program (PPP) became functional. Learn all about the tax implications of the PPP loan, forgiveness, expenses, and more in our guide here. Read more

Carol Nachbaur
Tax Tips

What Is IRS Tax Form 1099?: How It Works and Who Gets One

A 1099 Form is used to report income from a source other than your employer. Find out the specifics of how it works, who receives one, and what to do with it. Read more

Carol Nachbaur
Tax Tips

Federal Income Tax Brackets and Tax Rates

Depending on your taxable income, you can land in one of seven different federal income tax brackets – each with its own marginal tax rate. Learn the difference between each bracket, what amount of tax is owed, and more in our easy guide. Read more

Carol Nachbaur
Tax Tips

What Is an IRS 1040 Form?

US taxpayers can use IRS Form 1040 to file their annual income tax returns. IRS Form 1040 comes in several variations. IRS Form 1040 has undergone a few changes in recent years. We'll review the differences and show you how to fill out the 1040 during tax season. Read more

Carol Nachbaur
Tax Tips

How to File Your Taxes: The Complete Guide to Business and Individual Tax Filing

Filing your taxes can be a daunting task. We've compiled everything you need to help you file your business and individual taxes in this complete guide. Read more

Carol Nachbaur
Tax Tips

Paying Taxes on a Side Hustle

In addition to salary-based jobs, a side hustle is a common supplementary income source for many. If you work as an employee and also have a side hustle, you are required to pay tax on both income streams. Learn what counts as side income, and how to pay the right tax. Read more

Carol Nachbaur

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