Posts Tagged ‘cover rossiter cpas’
8 Things that Could Trigger a Business Audit
Whether you’re doing taxes for your own business or a client’s business, the small – but real – possibility exists for an audit. Understanding the chances of an audit and…
Read MoreHave You Received a “Balance Due” Notice from the IRS?
You filed your tax return on time and paid the taxes due, yet you received a notice from the IRS. Why? By: Luci Roseman, CPA, Manager Due to the COVID-19…
Read MoreReminder: Unemployment compensation is taxable
Have tax withheld now to avoid a tax-time surprise. The Internal Revenue Service reminds people receiving unemployment compensation, many for the first time, that, by law, this compensation is taxable.…
Read MoreRollover Relief for Required Minimum Distribution
Time running out to reverse 2020 RMD and save on taxes The Coronavirus pandemic resulted in a change in the Required Minimum Distribution (RMD) for 2020. The CARES Act, the coronavirus relief…
Read MoreDay 10 – Before you get rid of that old PC, Smartphone or Tablet
Getting someone a new computer, tablet, or smartphone for Christmas? Aside from the fun of receiving a new device, you’ve got two main considerations to think about when it comes…
Read MoreDay 9 – Setting and Remembering Passwords
Those pesky passwords. The length, numbers, special characters, capital letters! According to a survey conducted by DataInsider, 70% of respondents reported having more than 10 password-protected accounts online, with nearly 30%…
Read MoreDay 8 – Give the Gift of Education
Saving for your child’s college education can be a daunting task, given how quickly and how high education costs have climbed. Fortunately, a 529 plan is a flexible, tax-advantaged way…
Read MoreDay 4 – Favorite Holiday Recipe
Even accountants get hungry and we sure love treats around the holidays! A recent survey found the most popular holiday cookie to be Peanut Butter Blossoms. What’s not to like?…
Read MoreDay 3 – Make your holiday shopping season safer
Since tens of millions of people shop online, take the necessary precautions to secure your payment information. Be sure to look for the “s” in “https”. The “s” in the…
Read MoreDay 2 – Batch Your Itemized Deductions
The goal of batching is to position yourself so that you will have deductions greater than the standard deduction one year, with the following year being a standard deduction. Click…
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