Tax Resources for Accountants and Small Businesses (U.S.)
IRS issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2021, the standard mileage rates...
Good accounting is critical to running a business. But accountants often find themselves needing to balance a large database of information across multiple accounts. That is why they need an easy, intuitive, fast, and...
On the Fringes: The Ins and Outs of Fringe Benefits Fringe Benefits In order to attract and retain quality employees, most employers offer some time of additional compensation over the employee’s wage. These work...
Are Employee Reimbursements Taxable? In this article we are talking about employee reimbursements and taxation. 1. Employee Reimbursements It’s inevitable that your employees will pay for business expenses with their own money and ask...
When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car to a client’s location, getting the reimbursement right...
Monthly Compounding Interest Calculator This late interest online calculator will calculate the amount of monthly compounding interest owed on payments made after the payment due date. Just enter the number of days late, the...
An invoice is a document used to bill clients. Once received, an invoice obliges a person or business to pay for goods or services rendered. But what happens if someone refuses to pay an...
CalSavers is a retirement savings program for private sector workers whose employers do not offer a retirement plan. This program gives employers an easy way to help their employees save for retirement, with no...
Wage bracket method In California, there are two methods for determining the amount to be withheld from wages and salaries for state personal income tax. Method A – Wage Bracket Table Method (PDF) Low...
Instructions for Completing Form I-9 (Employment Eligibility Verification Form) You must complete Form I-9 each time you hire any person to perform labor or services in the United States in return for wages or...
2020 Allowable Living Expenses Transportation Standards The transportation standards for taxpayers with a vehicle consist of two parts: nationwide figures for monthly loan or lease payments referred to as ownership costs, and additional amounts...
Following is a line-by-line summary of Form 22A and various recurring disposable income issues likely to arise in chapter 7 under the BAPCPA provisions of 11 U.S.C. § 707(b). See also: Chapter 7 Bankruptcy...
For Cases Filed On or After April 1, 2021 The following table provides median family income data reproduced in a format designed for ease of use in completing Bankruptcy Forms 122A-1 and 122C-1. Check...
IRS’s National Standards for Allowable Living Expenses IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. National Standards have been established for five necessary expenses: food, housekeeping supplies, apparel...
Chapter 7 – Liquidation You must file Chapter 7 Statement of Your Current Monthly Income (Official Form122A–1) if you are an individual filing for bankruptcy under chapter 7. This form will determine your current...
United States Courts Bankruptcy Forms Chapter 7. Liquidation Under the Bankruptcy Code See also: Chapter 7 Bankruptcy Explained: Requirements and Steps Chapter 9. Municipality Bankruptcy Chapter 11. Reorganization Under the Bankruptcy Code Chapter...
Paycheck Protection Program EIDL Loan Advance SBA Express Bridge Loans SBA Debt Relief More
Disaster Loan FAQs COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION All required documents listed in filing requirements must be returned. All forms requiring signature must be signed and dated. Incomplete applications will not be accepted....
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...
A1. U.S. citizens and U.S. resident aliens will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent...
