Bottomline Accounting and Tax Solutions

01/30/2024

It is time to schedule your tax appointments with Lynn Robertson at Legacy Accounting & Tax Solutions

03/11/2022

Waiting to get your taxes done? Why wait?

Thinking about using an automated tax system? Really, why?

Experience is the difference!!! Our clients love us and come back year after year!

Contact Lynn Robertson and Bottomline Accounting and Tax Solutions

01/10/2022

I am looking to hire a permanent part-time bookkeeper with QuickBooks experience. All information and details will be provided to serious candidates. Please send a private message with your resume for a phone interview. Thank you. Lynn

01/03/2022

A new tax rule will impact millions of small businesses in 2022. You can thank one small change buried in the American Rescue Plan Act of 2021.

Let’s suppose you’re a small business owner or freelancer, and you get paid from a digital payment service like PayPal, Venmo, Zelle, Cash App or any third-party settlement provider that’s accepting credit cards on your behalf and putting money into your bank account. If those payments were for goods and services that you sold to customers, it was previously up to you to make sure you were reporting that income on your tax return. But now, beginning in 2022, if you receive more than $600 in total during the course of the year – regardless of how many customers are paying – your payment service is required to report that amount to the IRS.

Make sure you provide all 1099-Ks when calculating gross receipts for your income tax return. The IRS will be able to cross-reference the reports submitted to them to your tax return.

01/03/2022

Here is wishing you a healthy and happy 2022!!!

06/22/2021

IRS announces two new online tools to help families manage Child Tax Credit payments

The Child Tax Credit Update Portal allows families to verify their eligibility for the payments and if they choose to, unenroll, or opt out from receiving the monthly payments so they can receive a lump sum when they file their tax return next year.

View your eligibility and unenroll from advance payments of the Child Tax Credit.

05/19/2021

Wondering if you will receive the California stimulus check? Here are the eligibility requirements.

Golden State stimulus check eligibility requirements:

- You must have filed your 2020 taxes
- You lived in California for more than half of the 2020 tax year
- You're a California resident on the date the payment is issued
- You're not eligible to be claimed as a dependent
- You are an individual taxpayer identification number filer who made $75,000 or less OR you are a California earned income tax credit recipient

04/04/2021

Happy Easter from our family to yours!!!

04/02/2021

Friday Funny