updates
How hard is it to get bookkeeping clients?
Ask for Referrals from Family & Friends As a new bookkeeper, the first place to go when looking for clients is to ask for referrals from your close ne...
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news
How does unemployment insurance work in Massachusetts?
If you are eligible to receive Unemployment Insurance (UI) benefits, you will receive a weekly benefit amount of approximately 50% of your average weekly ...
news
Can you offset capital gains with losses from previous years?
You can use capital losses to offset capital gains during a taxable year, allowing you to remove some income from your tax return. To deduct your stock ma...
general
Do you pay taxes on private stock?
If you sell them for more than their vesting-date value, you’ll owe capital-gains taxes. If you hold the stock for one year or less, you’ll pay ordinary i...
news
What are some problems that can happen when you lend money to your friends?
If you need some convincing, here are six reasons why lending money to friends or family is a bad idea. 1) You’re a last resort. 2) You’ll probably never ...
general
How often do you have to pay sales tax in Wisconsin?
Early monthly sales tax filers are required to file by the 20th of the month following the end of the reporting period. A return must be filed for each pe...
general
Is inheritance reported on tax return?
Regarding your question, “Is inheritance taxable income?” Generally, no, you usually don’t include your inheritance in your taxable income. However, if th...
general
How is tax liability calculated on sale of property?
LTCG = Sale price – Indexed cost. 3000000 – 2130000= 870000. The tax on LTCG is 20%. In this situation, the tax will be 20% of 8,70,000. Are short sale ga...
general
Is gender reassignment surgery medically necessary?
Gender reassignment surgery is considered medically necessary if the medical appropriateness criteria are met. (See Medical Appropriateness below.) Other ...
news
Is Cancellation of Debt taxable to estate?
The credit card companies report the forgiveness of deceased debt to the IRS by using a 1099-C – Cancellation of Debt form. Even if the credit card compan...
updates
Is leasing a vehicle better than purchasing?
On the surface, leasing can be more appealing than buying. Monthly payments are usually lower because you’re not paying back any principal. Instead, you’r...
general
How long has music been taught in schools?
Public education in the United States first offered music as part of the curriculum in Boston in the 1830s, and it spread through the help of singing teac...
news
Can I get life insurance if I had cancer in the past?
In fact, you likely won’t be able to get a traditional life insurance policy if you’ve just been diagnosed with cancer or are receiving treatment, he says...
