by Andrews Tax Accounting & Bookkeeping | Feb 5, 2020 | Educational
Should You Use TurboTax or Another Filing Software For Your Taxes? It depends. People with relatively simple returns should use free filing software because, at the end of the day, it will save them money. On the other hand, many people with simple returns find the...
by Andrews Tax Accounting & Bookkeeping | Jan 29, 2020 | Educational
The Beginning of Tax Season and Your Tax Refund Tax season opened Monday, January 27th. The best way to get your refund the fastest is by filing electronically and going for direct deposit. Filing by paper takes longer because the IRS has to process the paperwork...
by Andrews Tax Accounting & Bookkeeping | Jan 24, 2020 | Educational
Overtime and Salary Employees When someone gets paid hourly, after working more than 40 hours in one week, they get paid overtime. Overtime is 1.5 times the worker’s regular wage. On the other hand, salary employees usually get no overtime pay, until the...
by Andrews Tax Accounting & Bookkeeping | Jan 16, 2020 | Educational
Sole Proprietors and Partnerships The salary of business owners depends on the entity of the business. Sole proprietors and partnerships pay themselves by taking money out of their business’s bank account. What About Other Entities? Limited liability company (LLC)...
by Andrews Tax Accounting & Bookkeeping | Jan 8, 2020 | Educational
In Other Words, When Will the IRS Accept Tax Returns? This does not mean that you have to wait until January 27th to file your taxes. You can file then as soon as possible, but your return will not be processed until the 27th. Additionally, the extension deadline for...
by Andrews Tax Accounting & Bookkeeping | Jan 1, 2020 | Educational
What are Mileage Rates? Mileage rates are used for taxpayers to be able to deduct the costs of operating a vehicle for business, medical and various other reasons. Every year the mileage rates change so there are new 2020 mileage rates. What are the New 2020 Mileage...
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