2022 Accounting Virtual Bookkeeping 
Stephanie Peterson
MARCH 8, 2022
The Standard Tax Deduction Rises in 2022 All taxpayers are eligible to take the standard tax deduction unless they elect to itemize their deductions. Single Filers: The maximum deduction is reduced at $68,000 in 2022 (up from $66,000 in 2021) and is entirely phased out at $78,000 or more (up from $76,000).
Stephanie Peterson
FEBRUARY 17, 2022
One company exempt from this rule is Zelle because it facilitates messaging between financial institutions and doesn't put holds on accounts or handle the settlement of funds; therefore, they are not required to send out 1099-K's. This new law will apply to 2022 and beyond.
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Future Firm
APRIL 4, 2022
Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. Chapter 7: Stay Up To Date. What challenges do they have?
Stephanie Peterson
AUGUST 8, 2022
This past June 2022, the U.S. July's 2022 CPI is expected to be released on August 10, 2022. Are you looking for a trustworthy accountant to manage your books? Bureau of Labor and Statistics reported its largest increase in 40 years, as consumer pricing (CPI) was up 9.1% over the year ended.
5 Minute Bookkeeping
FEBRUARY 17, 2022
Lastly, you will also send 1099 for payments made via cash checks, wires, ACH, and Venmo for personal accounts. Third party networks are payments made via PayPal, merchant services such as credit cards, Venmo for business accounts, and other such services. What are third party networks?
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