February 2023 Business and Individual Due Dates
Business Due Dates February 10 - Non-Payroll Taxes File Form 945 to report income tax withheld for 2022 on all nonpayroll items. This due...
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- 5 days ago
- 4 min
All the Signs That You May Need Some Assistance With Your Bookkeeping
Especially in the early days of a business, it can be natural to want to handle as many day-to-day tasks yourself - bookkeeping included....
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- Jan 16
- 3 min
Wonder What a Tax Deduction Is Worth?
Individuals are always looking for tax deductions that can reduce their tax liability. But what is the actual tax benefit derived from a...
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- Jan 9
- 6 min
Sec 529 College Savings Plan Features and Tax Benefits
A common question parents have is, “How might I save for a child’s post-secondary education in a tax-beneficial way?” The answer depends...
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- Jan 2
- 6 min
Common Family Tax Mistakes
When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The...
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- Dec 27, 2022
- 5 min
January 2023 Business and Individual Due Dates
Business Due Dates January 3 - Payment of Employer Share of Social Security Tax from 2020 - If you are an employer that deferred paying...
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- Dec 26, 2022
- 2 min
Reminder: Deferred Social Security Payments Due 12/31
This is a reminder for employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax...
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- Dec 19, 2022
- 3 min
What Is Business Cash Flow?
As the name suggests, cash flow is a term used to describe the money coming into and out of a business. Cash received - like money being...
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- Dec 12, 2022
- 2 min
Your Annual Reminder to File Worker 1099s
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more...
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- Dec 5, 2022
- 9 min
Year End Tax Planning Issues
Year-end is rapidly approaching as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your...
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- Nov 28, 2022
- 3 min
The IRS Achieves a 90% Conviction Rate, or: "Why You Shouldn't Cheat on Your Taxes"
There's an old saying that reminds us that there are only two certainties in this life: "death, and taxes." Whoever coined that phrase...
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- Nov 28, 2022
- 2 min
December 2022 Business and Individual Due Dates
Business Due Dates December 1 - Employers During December, ask employees whose withholding allowances will be different in 2023 to fill...
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- Nov 21, 2022
- 4 min
Ways To Save on Your Taxes If You are Laid Off
If you've been following the news recently, you're no doubt aware of a massive round of layoffs that struck one of the most popular...
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- Nov 14, 2022
- 4 min
Managing Gains and Losses in a Turbulent Year
It's been a rough Fall for the stock market. So much so that you should probably carefully review your portfolio and other capital...
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- Nov 7, 2022
- 3 min
IRS Plans On Targeting Abusive ERTC Claims
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are...
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- Oct 31, 2022
- 1 min
November 2022 Business and Individual Due Dates
Business Due Dates November 10 - Social Security, Medicare and Withheld Income Tax File Form 941 for the third quarter of 2022. This due...
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- Oct 31, 2022
- 3 min
2023 Social Security Cost-Of-Living Increase Highest In 40 Years
The Social Security Administration recently announced that Social Security beneficiaries will get an 8.7% increase to their benefits in...
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- Oct 24, 2022
- 2 min
Are You Missing Out on the Increased Child Tax Credit?
The American Rescue Plan Act of 2021, also referred to as the COVID-19 Stimulus Package or ARPA, was a $1.9 trillion bill passed by...
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- Oct 20, 2022
- 4 min
What Is an Offer in Compromise?
Carrying long-term debt is a challenge, but when the money is owed to the government and you see no way to pay what you owe, it can be...
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- Oct 17, 2022
- 5 min
Will a Small Business Grant Help Your Organization? Breaking Things Down
According to one recent study, there are currently more than 32 million small businesses operating in the United States. For the sake of...
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SMEs for your SMB and individual finances.
At Tehrani & Velez, LLP, we believe in providing accounting services that you can trust. The happiness and satisfaction of our clients is our number one priority. Our team of accountants is committed to performing their services with integrity, excellence, and professionalism. This philosophy underlines our approach to serving each and every one of our valued clients.
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