HAPPY SMALL BUSINESS MONTH
Small Business Month is celebrated in May every year and is a special tribute to celebrate small businesses, their courage, community efforts, and hard work for an entire month! Did you know that small businesses are the backbone of the United States? Yes, according to a 2020 study by the U.S. Small Business Administration (S.B.A.), […]
UPDATES ON SMALL BUSINESS AMERICA TODAY
Small Business America What you need to know about small business in America including the latest data on job creation, business starts, and more. In terms of their impact on the economy, small businesses aren’t actually that small. Small businesses is generally defined by the U.S. Small Business Association (SBA) as independent businesses having fewer […]
Important Tax Updates and Information -Early Filers Amend Returns & Estate Tax Update
IRS Suggests Some Early Filers Amend Their Returns The Internal Revenue Service stated Tuesday that taxpayers who filed their federal income taxes early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return. In early February, the IRS urged taxpayers to hold off on […]
Choose Your Tax Professional Wisely!
The Internal Revenue Service today continued the Dirty Dozen series by cautioning taxpayers to avoid unscrupulous tax return preparers and provided important tips to find the right tax professional. People should be careful of shady tax professionals and watch for common warning signs, including charging a fee based on the size of the refund. Some […]
Don’t Be Surprised Of A Tax Refund Shock This Year
The expiration of numerous pandemic benefits that lawmakers had created to assist Americans in the crisis could surprise millions of U.S. taxpayers when they received their 2023 tax returns. According to Mark Steber, chief tax information officer at Jackson Hewitt, families may receive reduced refunds when they submit their taxes for the tax year 2022. […]
Which 2022 State Tax Payments Are Non-Taxable
The Internal Revenue Service (IRS) has recently provided clarity on which 2022 state tax payments are non-taxable. This clarification is important for taxpayers as it will help them determine which payments will be eligible for tax rebates, relief payments, and disaster assistance. The IRS has clarified that certain 2022 state tax payments are not […]
Tax Time Guide: Things to consider when filing a 2022 tax return
Things To Consider BEFORE Filing Taxpayers should wait to file until they receive all their proper tax documents, or they risk making a mistake that could cause delays. They should also review their documents carefully. If any of the information is inaccurate or missing, taxpayers should contact the payer right away for a correction […]
IRS Tax Tip: Understanding the Credit for Other Dependents
TAX TIPS Taxpayers with dependents who don’t qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. They can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit. Here’s more information to help taxpayers determine whether they’re eligible to […]
8 Things Every Small Business Owner Needs To Know
The Small Business Administration considers any company with fewer than 500 employees “small,” which accurately describes 99.7 percent of businesses in the United States. Running your own business comes with great benefits—such as freedom, control, financial rewards, unlimited growth, and seeing your dreams come true. But it also comes with risks, like stress, time commitment, […]
There’s No Time Like The Present
Sometimes what looks like an obstacle in your life… is actually a gift meant to move you in the right direction. Succentrix is a national accounting and tax franchise company designed with Home Office at the core of success. We are in business to help our franchise owners. Like a concentric circle, the franchise […]