marshallcpafirm.com RSS Feed http://marshallcpafirm.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Feb 2021 09:00:00 -0600 Mon, 01 Feb 2021 09:00:00 -0600 What's New for 2020 Tax Returns http://www.marshallcpafirm.com/newsletter.php#2 Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#2 Taxable vs. Nontaxable Income http://www.marshallcpafirm.com/newsletter.php#5 Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#5 Tax Filing Season Starts February 12 http://www.marshallcpafirm.com/newsletter.php#1 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#1 Social Security Benefits and Taxes: The Facts http://www.marshallcpafirm.com/newsletter.php#4 Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#4 Employer Tax Credit Extended for Payroll Workers http://www.marshallcpafirm.com/newsletter.php#3 Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#3 The COVID-related Tax Relief Act of 2020 http://www.marshallcpafirm.com/newsletter.php#4 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#4 Important Tax Changes for Individuals and Businesses http://www.marshallcpafirm.com/newsletter.php#1 Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#1 Identity Protection PIN Available To All Taxpayers http://www.marshallcpafirm.com/newsletter.php#2 Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#2 Credit Reports: What You Should Know http://www.marshallcpafirm.com/newsletter.php#3 Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 http://www.marshallcpafirm.com/newsletter.php#3 New Tax Deadline Is Official - July 15, 2020 http://marshallcpafirm.com/blog.php?id=13 Thu, 26 Mar 2020 09:00:00 -0500 http://marshallcpafirm.com/blog.php?id=13 Reverse Audits - Why They're Important and How They Can Save Your Company Money http://marshallcpafirm.com/blog.php?id=12 Tue, 27 Feb 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=12 How to Outsmart Skimming in Retail http://marshallcpafirm.com/blog.php?id=11 For most business owners, itâ??s a major milestone when they can afford to hire their first employee. Unfortunately, that employee could easily cost you more than their hourly wage if they begin skimming. Tue, 20 Feb 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=11 4 Common Bookkeeping Pains for Small Businesses http://marshallcpafirm.com/blog.php?id=10 If youâ??re like most small business owners, you love your job, but there are definitely parts you could do without. More often than not, at the top of that list is bookkeeping. Mon, 12 Feb 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=10 Crowdfunding and Taxes - What You Need to Know http://marshallcpafirm.com/blog.php?id=9 Crowdfunding was responsible for billions of dollars from donors all over the world. Despite this, thereâ??s still a lot of confusion about crowdfunding and taxes. Tue, 06 Feb 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=9 Buying a Business in 2018? Follow This Financial Checklist http://marshallcpafirm.com/blog.php?id=8 If youâ??ve ever dreamed of owning your own business, buying one often makes a lot more sense than starting from scratch. Doing so will give you the benefits of a preexisting business and eliminate a competitor in one transaction. Of course, you still shouldnâ??t rush into buying a business. Otherwise, you could quickly turn your dream of owning a business into a nightmare. Thu, 01 Feb 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=8 New Business? Your First Tax Filing http://marshallcpafirm.com/blog.php?id=7 Is this your first year running your own business? If so, youâ??re probably feeling quite the sense of accomplishment. Of course, you still need to finish strong, which means nailing that initial tax filing. Tue, 23 Jan 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=7 QuickBooks Online vs. Xero - Which Is Right for Your Business? http://marshallcpafirm.com/blog.php?id=6 Mon, 15 Jan 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=6 What the Tax Law Means for Your Small Business http://marshallcpafirm.com/blog.php?id=5 The tax law signed in December, 20017 is poised to shake up taxes for businesses. How does it affect LLCs and small businesses? Tue, 09 Jan 2018 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=5 What the Proposed Tax Cuts Mean for Flow-Through Entities http://marshallcpafirm.com/blog.php?id=3 If you've been paying attention to the news, then you know that the way you handle tax planning for your business may soon change in a very big way. In fact, depending on what happens, it may actually be worth it to change the very structure of your flow-through entity. Wed, 13 Dec 2017 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=3 What Will the Pending Tax Cuts Mean for Your Business? http://marshallcpafirm.com/blog.php?id=2 As you are probably well aware, we may soon see sweeping new tax laws around the country. Wed, 13 Dec 2017 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=2 How Might the Tax Act Affect Households? http://marshallcpafirm.com/blog.php?id=4 Wed, 13 Dec 2017 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=4 The Giving Spirit - Our Humane Tomorrow Donaton Box http://marshallcpafirm.com/blog.php?id=1 This time of year is often referred to as the season of giving, and for a good reason. Most people use the holiday season as a time to give gifts of a lifetime to their loved ones and to help those in need. Sometimes, it's easy to forget about the most innocent and vulnerable among us - animals. Thu, 07 Dec 2017 09:00:00 -0600 http://marshallcpafirm.com/blog.php?id=1