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
This new law will apply to 2022 and beyond. 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.
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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. In 2022, I recommend picking and sticking with one of the following: Xero.
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. Accounting & Bookkeeping Services by Superior Virtual Bookkeeping LLC Other Helpful Articles to Read: Business Survival During Tough Economic Times Preparing a Service-Based Business for Recession
5 Minute Bookkeeping
FEBRUARY 17, 2022
However, for 2022, the 1099-K rules have changed and third party networks need to send 1099-Ks for for transactions that are greater than or equal to $600. If this article has helped you, subscribe to my YouTube channel and consider joining the 5 Minute Bookkeeping Community on Facebook or following me on Instagram.
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