by C7DTeam | Jul 12, 2021 | Business, Taxes
Overview: 7 Common misconceptions about accounting that might be stopping you from getting the appropriate financial guidance you need. Like most professions, there are assumptions and misconceptions about a career in accountancy. This includes what type of people...
by C7DTeam | May 17, 2021 | Taxes
Summary: Important tax dates; postponement only applies to individual taxpayers; be sure you’re paying only what you should in income taxes As people still try to figure out last year’s global public health emergency and its impacts, we’re addressing...
by C7DTeam | Mar 25, 2021 | Taxes
Before the tax season ends , learn about cryptocurrency and if it affects your 2021 tax refund TL;DR: The IRS treats cryptocurrency as property. It’s helpful to remember tax rules that also apply on stocks. If value goes up and the owner sells at a profit, they’ll...
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 | Jan 25, 2021 | Business, Firm Updates, Taxes
The 2021 tax season is here…or is it? From a delayed tax season to a first, second, and maybe third stimulus check, let’s talk about what’s going on with taxes in 2021 as the pandemic continues to shape the world around us. Accountants and income tax...
by Prospect Tax | Nov 22, 2020 | Taxes
A popular question people search for on Google is if you can file taxes late. With almost 93 million searches, this topic of late tax filing clearly affects many individuals for a variety of reasons. For one, people are concerned about potential penalties associated...
