The Speedy Tax Preparation & Bookkeeping Service team wishes you the happiest holidays this season. May the God of great mercy, grace and power. Bless you, at this time of year when we celebrate His birth.

As a business owner, you can benefit from hiring freelancers in many ways. Work-for-hire professionals allow you to tap into niche expertise, filling small gaps in your team that you don't necessarily need a full-time worker for. Freelancers also have other benefits, allowing you to scale up quickly and adopt new technologies or techniques efficiently. This guide provides some tips for integrating a freelance team into your business.

Determine what roles are suitable for freelance hiring

Not every job is suitable for freelance work. For example, if you need someone to do a job full-time, hiring a freelancer may not make a lot of sense. However, many part-time jobs that you don't rely on constantly are suitable for freelancing. Examples range from marketing to accounting. Tax assistance is another great example. A professional like Speedy Tax Preparation can manage your quarterly and annual taxes for you.

I hope this email finds you well. I noticed you go out of your way to provide excellent resources for your community on your website and I thought you might be interested in what we’re doing. We are AffordableHealthInsurance.com and we provide accurate, easy-to-understand guides that help people in communities across the US make informed choices about health care coverage. Especially the elderly and those who face economic uncertainties.

We have put together a series of new guides for 2022 that we hope could be useful for those who are struggling in your community in these uncertain times. Our guide walks readers step by step through the multiple options provided by Medicare, Medicaid, and insurance for people recently unemployed, including critical information like costs, and financial assistance.

Contact: newsroom@ci.irs.gov

A former UCLA decathlete who also competed with the Philippines national team was arrested this morning on a federal criminal complaint alleging that he fraudulently raised more than $37 million from investors who were told their funds would be used to finance companies marketing cannabis vape pens.

According to recent reports, the IRS has a backlog of more than 6 million unprocessed individual returns; however, it has opened most of its mail and processed the payments accompanying these returns. As a result, many taxpayers received a CP-80 notice, which states the IRS has a credit on the taxpayer’s account but has not yet received a 2020 tax return. In most cases, though, the IRS has received the tax return, but just hasn’t processed it.

My email newsletter is a one-stop resource for relevant news and content about my business, Speedy Tax Preparation & Bookkeeping Service. I also share information about my services as a tax preparer and bookkeeper in Elizabethtown, North Carolina.

Each tax season comes with unique challenges and 2022 is no exception. The IRS wants taxpayers to get the information they need as quickly as possible. Taxpayers should keep these tips in mind when they get ready to file. Following them will help get this year's taxes done accurately and refunds issued timely.

Reporting rules are changing for certain businesses beginning in 2022. Debbie Pflieger of EY’s Financial Services Organization highlights what you need to know about Form 1099-K, Payment Card, and Third-Party Network Transactions.

Beginning in the tax year 2022, individuals, partnerships, LLCs, and corporations that earn more than $600 through various online venues will start receiving Form 1099-K, Payment Card, and Third-Party Network Transactions, on which that income will be reported to themselves and the IRS. This change will substantially increase the number of Forms 1099-K required to be filed with the IRS and furnished to recipients in early 2023.

Whether you’re a budding entrepreneur or an established business owner, properly managing your finances can stabilize your company making it less likely to fail. However, it can be an overwhelming job when you have to handle all of those complex accountancy tasks. In such situations, a professional financial expert can serve as a valuable asset in your business. With their expertise and knowledge, they can assist you in managing your finances and help propel your business’s operation forward.

Original Article Source Credits:  https://www.payingforseniorcare.com/

Article Written By: MARK GREGORSKI

Original Article Posted on: AUGUST 24, 2020

Link to Original Article: https://www.payingforseniorcare.com/medicare-advantage/tax-deductions-for-premium-cost

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Rhett Buttle

Original Article Posted on:  Jun 11, 2021

Link to Original Article:  https://www.forbes.com/sites/rhettbuttle/2021/06/11/3-steps-for-managing-your-small-businesss-taxes/?sh=20b5d1aa7f28

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  PRABLEEN BAJPAI

Original Article Posted on:  Jun 10, 2021

Link to Original Article:  https://www.investopedia.com/articles/investing/091614/understanding-s-corporations.asp

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  June 30, 2021

Link to Original Article:  https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-paying-taxes-on-their-hobby-activities

Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:  Marco Carbajo

Original Article Posted on:  March 10, 2019

Link to Original Article:  https://www.thebalancesmb.com/advantages-of-a-bookkeeping-service-for-your-business-4086484

For the purpose of quick and smooth communication, every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the tax business is no exception.

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  June 1, 2021

Link to Original Article:  https://www.irs.gov/newsroom/identity-theft-protection-for-taxpayers-in-six-steps

Original Article Source Credits:   Investopedia, https://www.investopedia.com/

Article Written By:  Brian Beers

Original Article Posted on:   May 16, 2021

Link to Original Article:  https://www.investopedia.com/ask/answers/111714/whats-more-important-cash-flow-or-profits.asp

Whether you’re employed or self-employed, everyone with a taxable income owes taxes to the government. Paying your taxes is a civic responsibility and a requirement of the law, and if you fail to do so, you could face penalties, fines, or worse, get imprisoned. Therefore it’s essential that you get yourself prepared before the tax season starts. Consult with a reliable financial advisor if you don’t understand how tax systems work. These professionals will make the process as simple as possible and help you save time and money.

Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:  ROSEMARY CARLSON

Original Article Posted on:   January 04, 2021

Link to Original Article:  https://www.thebalancesmb.com/example-of-a-bookkeeping-entry-for-inventory-transactions-392923

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  June 2, 2021

Link to Original Article:  https://www.irs.gov/newsroom/irs-reminds-taxpayers-living-and-working-abroad-of-june-15-deadline