Your Small Business Bookkeeper

03/23/2021

The IRS just updated this 6 hours ago. Amended returns are now not needed to calim the $10,200 exclusion for unemployment. They will refigure the amount and send you a check for the refund.

If your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200.

03/18/2021

So many changes this year! Here are a cou0le of the biggest recent changes.

1. The first $10,200 of unemployment benefits are now not federally taxable. If you filed a return reach out to me to amend. The typical tax savings is around $1,000.

2. The filing due date is now May 17. Most likely the payment due date will also be extended to that date.

01/27/2021

12/30/2020

See if you qualify for the sick and family leave credit for self-employed individuals.

Sick and Family leave credit, updated November 25, 2020

12/28/2020

Welcome to YourSmallBusinessBookkeeper!

We specialize in bookkeeping and tax preparation services for small businesses. We are highly responsive, typically replying to inquirires in a matter of hours. If you're looking for a small feel accounting firm that you can count on to answer all your questions, big or small, while maintaing accurate books for you, YourSmallBusinessBookeeper is the right accountant for you.

03/19/2020

03/19/2020

Virtual Tax Preparation, skip the trip to the accountant

03/04/2020

Business owners don't forget! ✉ Message me if you need help.💁‍♀️