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
- Ideas for a Great Refund With over 2/3 of taxpayers anticipating a refund, here are some great uses to stretch the value of the refund. Both with actual savings as will as making positive decisions regarding the use of the funds.
- Seeing Inside the Mind of the IRS- Using the IRS Audit Technique Guidelines (ATGs) If you face an audit, it's worth reviewing the IRS's Audit Techniques Guides published on the IRS website. These are guides that instruct auditors how to handle tax issues for many different business fields,