Is Paychex a 401k provider?
Pooled Employer Plan: The 401(k) Plan Designed for Small to Medium-Sized Businesses. The Paychex Pooled Employer Plan (PEP) makes it easier for businesses...
Category: Updates
When is it not required to file an amended tax return?
Similarly, the Tax Court held that taxpayers are not required by statute to file an amended return when an originally filed tax return is discovered to be...
How do I report TFSA on US tax return?
A TFSA is a foreign financial account for purposes of reporting the account on a U.S. taxpayer’s form TD F 90-22.1, “Report of Foreign Bank and Financial ...
How do you announce a new business?
What to say when you announce your business Tell them what you’re up to. Make a specific ask (or two) to make it easy for them. Ask them to spread the wor...
Does an order confirmation count as a contract?
If a confirmation or acceptance is automatically issued on receipt of an order, a binding contract has been formed and the supplier will be in breach of c...
Do IRS liens have priority over mortgages?
Federal Tax Liens have No Special Priority. If you fail to pay federal taxes due, the IRS may place a lien on your property by filing a Notice of Federal ...
Can you write off a bad loan on your taxes?
Generally, you can’t take a deduction for a bad debt from your regular income, at least not right away. It’s a short-term capital loss, so you must first ...
When did fiscal year 2019 start and end?
A fiscal year starting on July 1, 2018, and ending on June 30, 2019, refers to the fiscal year 2019, or FY 2019. The federal government’s fiscal year goes...
How are single member LLCs and multimember LLCs taxed?
Multiple-member LLCs are taxed as partnerships, so the income of the LLC is not taxed at the LLC level. Instead, the income is taxed as partnership income...
Can I talk to someone at Social Security?
You can speak to a Social Security representative for help with a my Social Security account Monday through Friday. 8:00 a.m. – 7:00 p.m. local time. Afte...
