by Andrews Tax Accounting & Bookkeeping | Apr 3, 2020 | Educational
The CARE Act The Care Act gives a relief payment of $1,200 to adults that make no more than $75,000 annually. This applies to couples that make $150,000 annually (in which the relief would be $2,400). Also, each child under 17 years-old amounts to an additional $500...
by Andrews Tax Accounting & Bookkeeping | Mar 20, 2020 | Educational
Tax Season Extended Tax Day has been moved from April 15th to July 15th. So, not only do taxpayers have more time to file their business and personal returns, but no penalties or interest will accumulate between April and July as well. Small Business With request the...
by Andrews Tax Accounting & Bookkeeping | Mar 11, 2020 | Educational
Extensions And Your Tax Payment Right now, the last thing on your mind is filing your tax return. With just about a month left to file, many taxpayers leaning towards extensions. Note that, although an extension lets you file your return by October 15th, you still...
by Andrews Tax Accounting & Bookkeeping | Feb 14, 2020 | Amusement, Holidays
Valentine’s Day and a Birthday If you are ever stuck on what to get your partner for the big day, getting your taxes in order may not sound that romantic, but it sure does take off some stress; so you can focus on each other during Valentine’s day. At the...
by Andrews Tax Accounting & Bookkeeping | Feb 12, 2020 | Educational
Gift Taxes and the Oscars A gift tax is a tax on the market value of a gift which can be a physical object, money or property. Additionally, the giver of the gift must give the gift with no hopes of getting anything in return except of course a “thank you” hopefully....
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