by HintonBurdick | Nov 2, 2020 | News
Many people assume tax planning is the same as tax preparation, but the two are quite different. Let’s take a closer look: What is Tax Preparation? Tax preparation is the process of preparing and filing a tax return. Generally, it is a one-time event that...
by HintonBurdick | Oct 1, 2020 | News
Businesses that receive cash transactions of more than $10,000 must report these payments to the IRS. Now businesses can batch file their cash reports; this is especially helpful for those required to file many forms. Let’s take a look at several key points that...
by HintonBurdick | Oct 1, 2020 | News
People who are not eligible for a Social Security number must use individual taxpayer identification numbers (ITINs) if they have tax filing or payment obligations under U.S. law. Periodically and under certain circumstances, these ITINs expire and should be renewed...
by HintonBurdick | Oct 1, 2020 | News
Final regulations have been issued by the Treasury Department and the Internal Revenue Service implementing the 100% additional first year depreciation deduction that allows businesses to write off the cost of most depreciable business assets in the year they are...
by HintonBurdick | Oct 1, 2020 | News
Under the Affordable Care Act, certain employers – known as applicable large employers – are subject to the employer shared responsibility provisions. You might be thinking about these topics as you make plans about 2021 health coverage for your employees....
