Syvertsen Accounting LLC

02/28/2024

Reasons to File an Early Tax Return

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

02/23/2024

$1,741 Is the Average Tax Refund So Far, IRS Says

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.

02/21/2024

Treasury, IRS issue guidance on the Qualified Alternative Fuel Vehicle Refueling Property Credit

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

IR-2024-16, Jan. 19, 2024 — The Internal Revenue Service and Department of Treasury issued Notice 2024-20 to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit and to announce the intent to propose regulations for the credit.

02/14/2024

5 Tax Strategies for a Bonus or Windfall

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

A year-end bonus or an unexpected inheritance can often result in a big tax bill. Here are some strategies to reduce the impact.

02/07/2024

Are You Overpaying on Your Taxes?

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

Overpaying taxes amounts to an interest-free loan to the government. Here are some ways to avoid that scenario.

01/31/2024

IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

The IRS said on Thursday that tax-exempt groups won't be able to e-file Form 990-T or Form 1120-POL until March 17.

01/03/2024

IRS Wipes Out 20,000 Employee Retention Credit Claims

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

In September, the IRS pressed pause on the ERC program until at least the end of this year due to a wave of fraudulent claims.

12/28/2023

6 Strategies to Protect Income From Taxes

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

Taxes are difficult to avoid but there are many strategies you can use to help ward them off so you can legally keep the most of your hard-earned income.

12/21/2023

IRS: 2024 Flexible Spending Arrangement contribution limit rises by $150

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

IR-2023-234, Dec. 8, 2023 — During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA.

12/15/2023

Get ready to file in 2024: What's new and what to consider

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

IR-2023-235, Dec. 11, 2023 — The Internal Revenue Service today urged taxpayers to take important actions now to help them file their 2023 federal income tax return next year.

05/18/2023

3 Ways the IRS is Making it Easier for Small Business Owners to Do Their Taxes

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

Interacting with the agency should be less painful over the next decade as the IRS’s $80 billion spending plan is implemented.

05/11/2023

What Small Business Owners Need to Know About Crowdfunding and the IRS

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For tax, accounting, payroll, & outsourced bookkeeping services, visit https://www.syvertsenaccounting.com today.

Before launching a campaign, make sure you understand all of the tax implications of crowdfunding.