IRS
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Filing Taxes on Unemployment
- May 29, 2020
- Posted by: bryan@escobartax.com
- Category: Blog, IRS, Taxes, Uncategorized, Wage
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The unemployment rate is already more than 14%, which means your tax situation is about to head for a bumpy ride. There are, of course, significant elements you should be aware of before you receive your unemployment compensation benefits. Whether you are earning income or not, you might still have to file your tax return.
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COVID-19: What the IRS Is Doing To Help
- May 5, 2020
- Posted by: bryan@escobartax.com
- Category: Blog, IRS, Taxes
COVID19 is now affecting the economic structure where businesses thrive. For the sake of containment, the pandemic has forced companies to shut down operational activities for the foreseeable future. As millions of folks file for unemployment, Americans can take a sigh of relief from the new Coronavirus Stimulus Package. The official name for the $2
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What Changes You Can Expect from the IRS in 2020
- March 19, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
As the 2020 tax season begins, the Internal Revenue Service is processing and accepting a continuous stream of federal tax returns for the 2020 tax year. Currently, the deadline to file your 2020 tax returns and make tax payments is April 15, however a few days ago, the IRS commissioner extended the deadline to file
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9 Questions You Should Ask Before Filing Business Taxes
- March 3, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
Name - Nombre* Email - Correo Electrónico* Phone - Teléfono* What can we help you with? - ¿Qué podemos ayudarte?* Today, most of the small business owners leave legal write-offs on the table during tax season.s. Sometimes keeping track of your receipts and expenses will help aid in the preparation of your tax return. . -
Basic Tax Strategies Small Businesses Can Implement Today
- January 17, 2020
- Posted by: BenG-Admin
- Category: Blog, Business, IRS, Taxes
The highest expense for a small business over the year is not raw material, health insurance, or even payroll – but taxes. In this age of lower and friendlier tax rates, small businesses often have to grapple federal and local tax regulations. And before you know it, the amount accumulates to the point that it
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Pros of Refundable Tax Credits for Your Business
- January 13, 2020
- Posted by: BenG-Admin
- Category: Blog, Bookkeeping, Business, IRS, Taxes
Whether you are an individual or a business owner, refundable tax credits are definitely a crucial consideration for taxpayers to be fully aware of when filing their tax returns. As a business owner or entrepreneur, you can claim tax credits that lower the amount of tax that you pay to the IRS. Businesses, regardless of
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What You Need To Know About Your Car Depreciation
- January 2, 2020
- Posted by: BenG-Admin
- Category: Blog, IRS
Time is nobody’s friend, especially if you are a car owner. Unlike other of your assets, a vehicle’s value significantly decreases over time. This phenomenon is depreciation. Car owners do not feel the effect of depreciation until they decide to trade or sell their cars. In simple words, depreciation is the value that represents the
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A Complete Guide on How to Calculate Tax Withholding
- December 17, 2019
- Posted by: BenG-Admin
- Category: Blog, Business, IRS, Taxes, Wage
If you thought that beefy tax refund you got last year was a bonus, you may be in for a surprise. A hefty refund can mean that you have been handing over a significant amount of your hard-earned money to the government, with each paycheck. The government is only returning the money that was once
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12 Questions You Should Ask Before Filing Taxes
- December 3, 2019
- Posted by: BenG-Admin
- Category: Blog, IRS, Taxes
Today, most of the small business owners leave legal write-offs during filing taxes. Sometimes keeping track of your receipts and expenses does all the wonders. That said, thorough preparation of business taxes requires finding the underlying cause of all the answers. Once you figure out the fundamental questions, the journey to file taxes becomes much
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A Comprehensive Look at How to Collect, Report, and File Sales Taxes
- November 17, 2019
- Posted by: BenG-Admin
- Category: Blog, Business, IRS, Taxes
Whether you run a small or large company, the payment of sales tax is of utmost importance. So long as you offer a taxable product or a service, your business will have to pay sales taxes in your state. It is true – small businesses are often negligent about the confirmation of sales tax permits.
