Why is the tax filing deadline April 18 this year?
Most taxpayers are well-aware that the tax filing deadline is April 15, but in some years (like this year), the filing date may be delayed. For the 2023 calendar year, the filing deadline was bumped to April 18. Why is the tax filing deadline April 18 this year The filing deadline to submit 2022 tax […]
Signs it’s Time to Hire a CPA
Filing your taxes can be an arduous task- especially if you don’t have a straightforward return. If you own a business, have lots of deductions (and/or you have questions about deductions you may be eligible for that you haven’t been taking advantage of), or you have questions about tax planning, it may be time to […]
When should I start prepping for my tax appointment?
Tax season is fast approaching—and it’s never too early to start prepping for your tax appointment. Ideally, you would have started preparing for your 2021 tax appointment at the start of that tax year. When you begin to organize your finances sooner than later, it will make filing that year’s taxes much easier. Consider […]
What Happens if You Forget to File a 1099 Form?
If you’re a self-employed freelancer or you own a small business, you may receive one or more 1099 forms from your clients. As a general rule of thumb, any client that paid you more than $600 for goods or services during the 2021 tax year is required by ghostwriting hausarbeit. You should also keep […]
Hughes, Snell & Co., PA partners with LeaseCrunch to implement new lease accounting rules
The new lease accounting rules went into effect for fiscal years beginning after December 15, 2021, and unfortunately, it appears as if many organizations are not ready. Also worth mentioning, is that these new leasing rules have turned out to be far more difficult to follow than many firms and companies anticipated. The revised standard […]
Do You Need to File a Form 1099?
If you ever worked as an independent contractor, you’re likely familiar with 1099 forms. Simply stated, a 1099 form is a tax form you receive from a person, company, or organization that you did work for. The primary difference between this and a W2, is that people who receive W2 forms are considered “employees” as […]
New Florida Sales Tax Law Means Big Changes for Online Retailers
Starting July 1st, a new Florida law significantly changes the way sales tax is collected and reported for online retailers. This new law brings Florida into line with economic nexus standard for sales tax purposes adopted by most states in the wake of the Wayfair decision. Out-of-State Sellers May be Required to Collect and Remit Florida […]