Do some of your business customers, suppliers, and partners have impending financial problems? Find out before you incur losses with Business Credit Monitoring from Equifax.
At last, there’s a fast, economical way for your company to monitor any number of commercial accounts and get early warnings when a business may be facing financial difficulties. The key to managing risks for existing accounts is to have a good process for finding out what you don’t know.
It can be difficult finding funding for your small business in today's world. Accessing small business funding shouldn't be complicated or time-consuming, so Kabbage developed a simple way to get up to $100,000 in minutes.
Running your small businesses finances can be complicated and confusing—especially if you’re not a money management expert. It’s very important to have working knowledge of everything you need to financially succeed from accounting to payroll to business loans.
Entrepreneurs and small business owners have many goals to grow their business. Fortunately, all of them can be supported by one thing: a small business line of credit from Kabbage.
As always we appreciate your business during the tax season and beyond. For many of us accountants tax season does not end until the final due date deadline of October 18th. However, now is the time to start thinking about your 2017 tax situation and if any changes are needed to adequately prepare you for any possible tax liability.
If you receive your health insurance through either the federal or state exchange, it is imperative that you review your information regularly. One of the biggest challenges we faced this tax season was unexpected tax bills due to the Affordable Care Act. If the information provided to Healthcare.gov is not accurate it could result in the total disallowance of the premium tax credit. If this affects you, see the information provided later in this letter.
Of major concern to the IRS is the challenge to combat identity theft and refund fraud. Practitioners are facing many challenges in providing adequate protection for their clients. If you are asked to provide additional information or documentation it is for your protection. The tax software companies and the IRS are installing additional security protocols to assure the accuracy of the tax returns being filed.
Be sure to contact our office if you have any questions regarding these tax provisions and how they may affect your tax return.
Anyone who has received Social Security benefits will receive Form SSA-1099 at the end of each tax year in which the benefits were received. This form show the amount of your benefit. There is one question you need to ask yourself to determine if your Social Security benefits are taxable: Do I have any other source of income? If that answer is yes your Social Security Benefits may be taxable.
Based on the following your social security benefits are taxable:
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.