Trumble Financial CPA

02/25/2021

An important step to consider when trying to get ahead financially is budgeting. After all, how can you know where your money is going if you don't budget? How can you set spending and saving goals if you don't know where your money is going? You need to set up a budget whether you make thousands or hundreds of thousands of dollars a year.

02/24/2021

IRS Announces Filing Season Open Date (It’s Later Than Expected)

The Internal Revenue Service (IRS) has announced that tax season will open on Friday, February 12, 2021.

02/23/2021

Treasury Signals Intention To Make Cryptocurrency Like Bitcoin Reportable On FBAR

For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts, or what used to be called the FBAR.

02/22/2021

New $300 Weekly Unemployment Benefit: When You Get It Depends On Where You Live

Millions of jobless Americans are starting to see larger unemployment checks, as a result of the stimulus package passed late last month. But when you get the boost, and how big it is, can depend on what state you live in.

02/19/2021

What is a W-9 and Who Needs One?

If you are a self-employed individual, the company or client who hires you will require you to fill out the W-9 form.

02/18/2021

It may sound simple, but many people struggle with this first rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and outside the company, for what you do. Being underpaid even a $1,000 a year can have a significant cumulative effect over the course of your working life.

02/17/2021

IRS offers option when PPP loan forgiveness is denied.

Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package.

02/16/2021

Identity theft a risk to consumers as online purchases increase

Amid a pandemic-related surge in online shopping, identity theft poses a more significant risk to consumers. Nearly 1 in 5 Americans experienced identity theft attempts, according to a new AICPA survey.

02/15/2021

Don't forget to file!

02/12/2021

7 Tips For Living Primarily on Social Security During Retirement

There are several ways you can maximize the value of your social security payments to ensure you get the most out of them.

02/11/2021

Credit card debt is the number one obstacle to getting ahead financially. Those little pieces of plastic are so convenient to use, and it's so easy to forget that it's real money we're dealing with when we whip them out to pay for a purchase, large or small.

02/10/2021

New Updates to Our Warning About Social Security Phone Scams

The Inspector General for Social Security, Gail S. Ennis, is again warning the public about widespread Social Security-related telephone scams. These scams may use sophisticated tactics to deceive…