Jan 24, 2023

Hardship Accommodation Plan for Economic Injury Disaster Loans May Help Your Freelance Business Cash Flow

If your freelance business received an Economic Injury Disaster Loan (EIDL) it will soon be time to start paying it back. To help freelancers who are still struggling financially, the Hardship Accommodation Plan provides the option of paying just 10% of monthly payments or $25 for up to six months.…

Jan 23, 2023

IRS sets Jan. 23 as official start to 2023 tax filing season; more helpavailable for taxpayers this year

The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.…

Jan 19, 2023

Taxpayers should hang up if tax season scammers come calling

The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often pose as the IRS to try to steal taxpayer money or personal information. However, it's easy for people to recognize this scam by knowing how the IRS contacts taxpayers.…

Jan 12, 2023

Freelancers with Crypto Income: Get Up to Speed on New IRS Guidance and Reporting Requirements for Digital Assets

Here are some key points regarding cryptocurrency and digital assets to keep in mind when you are completing your 2022 tax return and planning for the 2023 tax year.…

Jan 3, 2023

Breaking News on Payment Platform Tax Reporting: The IRS Delays $600 Reporting Threshold for 1099-Ks

The IRS has just announced a delay in the income reporting thresholds for third-party settlement organizations like PayPal, Venmo, & CashApp