Zip Bookkeeping

08/04/2024

https://zipbookkeeping.com/2024/08/04/common-bookkeeping-mistakes-to-avoid/

Bookkeeping is a critical part of running a successful business, but it’s easy to make mistakes that can lead to financial issues down the road. By understanding and avoiding common bookkeeping errors, you can maintain accurate records, ensure compliance with tax laws, and make more informed busin...

11/17/2021

https://www.cnbc.com/2021/11/16/child-tax-credit-may-drop-to-1000-from-3600-per-kid-after-2025.html

The tax break for parents is poised to revert to its level before the 2017 Tax Cuts and Jobs Act unless Congress intervenes.

09/27/2021

https://finance.yahoo.com/news/still-stimulus-child-tax-credit-120017026.html

If you still haven't received one of your stimulus checks or monthly advance Child Tax Credit payments, you may still be able to receive your money. The IRS recently released new deadline dates to...

09/21/2021

https://www.forbes.com/sites/forbestechcouncil/2021/09/21/four-ways-to-build-a-more-resilient-and-future-proof-business/

It's now more important than ever for business leaders to look at the factors that build long-term business resilience.

08/30/2021

Reconciliation is a critical step to ensuring your books are accurate and up to date!

01/19/2021

https://www.google.com/amp/s/amp.usatoday.com/amp/4176228001

The IRS will begin accepting and processing 2020 tax returns on Feb. 12. But why so late this year?

12/21/2020

https://www.google.com/amp/s/amp.usatoday.com/amp/3921356001

Lawmakers struck a nearly $900B COVID-19 stimulus deal Sunday that would deliver badly needed aid to millions. Here's what is in the package.

11/27/2020

10/09/2020

https://www.google.com/amp/s/www.cnet.com/google-amp/news/second-stimulus-check-may-bring-you-a-bigger-payment-no-matter-when-it-arrives/

President Trump is actively advocating for a new $1,200 stimulus check. If it happens, a new rule could bring your family more money than the first check did.

09/13/2020

As per the IRS - Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.

Learn more:
https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes

08/19/2020

https://www.google.com/amp/s/www.wsj.com/amp/articles/next-steps-on-coronavirus-stimulus-package-divide-both-parties-11597839370

Lawmakers from both parties are growing increasingly worried by the stalemate over a coronavirus aid package, but internal divisions on each side are complicating their efforts to propose new measures.

07/27/2020

https://www.google.com/amp/s/www.cnbc.com/amp/2020/07/26/kudlow-says-coronavirus-relief-will-include-1200-checks-and-extension-of-eviction-moratorium.html

"There's a $1,200 check coming, that's going to be part of the new package," Kudlow said in an interview on CNN.