As the End-of-Year Nears – Now is the Time to Take a Closer Look at Your Tax Withholdings

Life brings constant changes to individual financial situations. Events like marriage, divorce, a new child or home purchase can all be reasons to adjust withholding. So the Internal Revenue Service reminds taxpayers today that the last quarter of 2021 is a good time to check withholding. The convenient Tax Withholding Estimator, also available in Spanish, […]

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How Long Should You Keep Your Tax Records

Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent […]

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Child Tax Credit | Earned Income Tax Credit | Dependent Care Credit

Child Tax Credit monthly payments that some of taxpayers are currently receiving is part of next year’s tax refund for when we file our 2021 tax returns. Whether or not you qualify has everything to do with your AGI (Adjusted Gross Income). It is important that you have an understanding because if you don’t qualify, […]

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How to Get An EIN for your Small Business

How do I get an EIN for my Small Business? How much does it cost to file for an EIN number? Do I need an EIN for my Small Business? Can I get an EIN without an LLC? These questions as well as many others are the kinds of questions I see circulating the internet […]

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How to Open a Business Bank Account

How to Open a Business Bank Account When you first start your small business, one of the very first things you should do is open a business bank account. This is really important for several reasons especially because of the importance of keeping your business finances separate from your personal. In my new YouTube video, […]

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