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Important Tax Changes for 2022

Stephanie Peterson

The Standard Tax Deduction Rises in 2022 All taxpayers are eligible to take the standard tax deduction unless they elect to itemize their deductions. Tax brackets are adjusted for inflation each year.

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New Tax Laws for 2022 - Venmo, PayPal, Cash App, Etc.

Stephanie Peterson

This new law was created to make it tougher for someone to evade paying taxes they owe on business-related transactions. This new law will apply to 2022 and beyond. Are you looking for someone to manage your companies books or file your taxes? I am a CA Registered Tax Preparer and an Advanced Certified QuickBooks ProAdvisor.

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How To Start a Bookkeeping Business in 2022 [Step by Step]

Future Firm

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. Monthly accounting and bookkeeping services? Advisory Services?

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Forms 1099-NEC and W-9 explained

5 Minute Bookkeeping

Bear in mind that there are exceptions for corporations such as C-Corps, S-Corps, and LLCs taxed as C-Corps or S-Corps. But you don’t send 1099s to C-Corps or S-Corps or sole proprietors taxed as S corporations. Note that this should be the name as shown on their income tax return. What are third party networks?