by John Hopkins | Feb 22, 2021 | Firm Updates, Tax Tips, Taxes
I understand. You get a bonus from your employer and see that taxes were withheld at a whopping 50%! Or something like that. That $3,000 bonus you were expecting ending up being a little more than $1,500 in your bank account. I will get into the details of the data...
by Prospect Tax | Aug 20, 2020 | COVID-19, Payroll, Tax Tips
The relationship between COVID-19 and employment taxes is an everchanging one marked with uncertainty and, as a result, stress for many — employers and employees alike. If you are an employer or employee, gaining some insight on some acts passed regarding the...
by Prospect Tax | Jan 28, 2020 | Tax Services, Tax Tips, Taxes
Life is full of deadlines. From monthly bills to project due dates, one’s calendar can fill up fast. And it seems that no matter our organizing genius or planner mentality, some important dates can get forgotten. However, when it comes to your taxes, these are the due...
by Prospect Tax | Feb 20, 2019 | Tax Tips
5 Things Every Small Business Owner Should Do Regarding Taxes and Accounting Part 1Taxes can be complex and confusing for a business owner. But don’t be intimidated by your taxes, accounting or bookkeeping. All of these aspects are vital to your business’ success. So...
by Prospect Tax | Dec 18, 2018 | Tax Tips
Taxes can seem like a daunting financial burden that you have to face each year. They are complicated and certainly require attention to detail. The federal government estimates that approximately 60% of people pay others to prepare their taxes. If you are someone who...
by Prospect Tax | Dec 10, 2018 | Tax Tips
3 Non-Profit Tax Tips Running a non-profit organization is a multi-faceted job. Not only are you following through with your mission, but you are also running a business. And when you are running a non-profit, there are a vast array of tax rules that you need to...
