You May Receive an IRS Form 1099-K This Year
Effective for 2022 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600....
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bedilia8
- Jun 27, 2022
- 1 min
July 2022 Business and Individual Due Dates
Business Due Dates July 1 - Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to...
13 views0 comments
bedilia8
- Jun 27, 2022
- 5 min
Small Businesses Can Benefit from the Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a general business credit that is jointly administered by the Internal Revenue Service (IRS)...
14 views0 comments
bedilia8
- Jun 20, 2022
- 2 min
IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase
With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use...
24 views0 comments
bedilia8
- Jun 13, 2022
- 3 min
Best Practices for Managing Your Business Through an Economic Downturn
The United States economy is nothing if not cyclical - which can be a good thing or a bad thing depending on when, exactly, you're trying...
3 views0 comments
bedilia8
- Jun 6, 2022
- 6 min
Understanding What Innocent Spouse Relief Is, and Whether You Need It
When you got married, you and your spouse pledged your love for each other and promised to stand together through good times and bad,...
6 views0 comments
bedilia8
- May 31, 2022
- 4 min
How QuickBooks Online Helps You Track Mileage
With gas prices so high, you need to track your travel costs as closely as possible. Consider getting a tax deduction for your business...
6 views0 comments
bedilia8
- May 31, 2022
- 4 min
June 2022 Business and Individual Due Dates
Business Due Dates June 15 - Employer’s Monthly Deposit Due If you are an employer and the monthly deposit rules apply, June 15 is the...
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bedilia8
- May 23, 2022
- 3 min
The Top Cash Flow Tips That Medical Practices Need to Follow
By far, one of the biggest issues that most organizations face is and will always be cash flow. This is especially true for medical...
5 views0 comments
bedilia8
- May 19, 2022
- 2 min
Important Times to Seek Assistance
Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial...
6 views0 comments
bedilia8
- May 16, 2022
- 3 min
When Can You Dump Old Tax Records?
Taxpayers often question how long records must be kept and the amount of time IRS has to audit a return after it is filed. It all depends...
4 views0 comments
bedilia8
- May 5, 2022
- 4 min
Vacation Home Rentals: How the Income Is Taxed
Vacation Home Rentals: How the Income Is Taxed If you have a second home in a resort area, or if you have been considering acquiring a...
2 views0 comments
bedilia8
- May 2, 2022
- 3 min
Best Accounting Tips for Auto Repair Shops
If you own or manage an auto repair shop, then accounting and bookkeeping are likely pretty low on your list of favorite past times....
9 views0 comments
bedilia8
- Apr 27, 2022
- 2 min
May 2022 Individual and Business Due Dates
Individual Due Dates May 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during...
5 views0 comments
monica4867
- Apr 22, 2022
- 5 min
Tax Issues That Arise When Converting a Home into a Rental
With the current substantial appreciation in home values and demand for housing exceeding the available inventory, along with low home...
15 views0 comments
bedilia8
- Apr 20, 2022
- 3 min
Why Employee Classification is of Paramount Importance
Not too long ago in Orlando, Florida, a federal investigation uncovered a situation where 22 workers were denied overtime by a...
11 views0 comments
monica4867
- Apr 6, 2022
- 5 min
April 2022 Individual Due Dates
April 11 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during March, you are...
21 views0 comments
monica4867
- Mar 18, 2022
- 8 min
Charitable Tax Deduction Peculiarities
Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021...
6 views0 comments
monica4867
- Mar 18, 2022
- 3 min
Inheritances Enjoy a Special Tax Benefit
You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to...
4 views0 comments
monica4867
- Mar 11, 2022
- 8 min
Gambling and Tax Traps
Although gambling may seem to be a recreational activity for many taxpayers it is not for THE government. They look at it as a source of...
8 views0 comments
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THE TIPPING POINT PODCAST
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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