New 1099 Form Rules
It’s important to keep up to date with new tax rules when they are brought in by the IRS. One of these is the 1099-MISC form. Traditionally this has been used to report contractor income. But now businesses will have to use the 1099-NEC form (it is short for...
Prepare Your Tax Return BEFORE the Tax Deadline
We’re only a couple of months away from the tax deadline and now is the perfect time to start getting all your paperwork organized so you have everything in order when it comes to getting your taxes done. The Internal Revenue Service (IRS) reports that more than 80...
Why You Need A Virtual Accountant
Have you heard of a Virtual Accountant before? With many of us still working remotely at the moment because of the pandemic, it is likely that you may hear of this term more often this year and quite likely well into the future. Virtual accountants compile and verify...
TNT Accounting Services, LLC Newsletter
- Plan Your 2025 Retirement Contributions 2025 contribution limits are set for retirement plans. Now is a good time to plan your upcoming retirement contributions.
- Tax Shifting Ideas to Reduce Your Bill to Uncle Sam- Is there a taxable income reduction idea you can use? Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas.