It seems to be the latest craze and fortunes can be made or lost with the click of a button. Cryptocurrency is a form of digital currency that can be used to buy goods and services and uses online ledgers…
If you are like millions of Americans, your second – or even perhaps your first — stimulus check may not have made its way through the mail to you. The experts at Orlando based CPA Accounting & Tax Services discuss…
The Covid-19 pandemic hit close to the beginning of 2020, with several changes brought on by coronavirus-related legislation that may impact your 2020 tax year filing. As 2020 is now in the books, it’s a good idea to start taking…
What is the Cares Act? The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was created to assist Americans cope with financial hard times due to the COVID-19 outbreak. Under the Cares Act, if you are under retirement age, you…
Children of divorced or separated parents, who claims them on their taxes? So first off, the IRS will give the tax deduction to the person that has the child the most time during the year. It’s important to note, it…
Historically only provided to victims of identity theft! Now an Identity Protection Personal Identification Number (IP PIN) is soon to become the standard in verifying a taxpayer’s identity and will be required for tax filing in the future. What Is…
Perpetuated by the COVID-19 pandemic in 2020, the number of “gig-workers” has increased dramatically. With this increase in the workforce taking on what were once considered side jobs, that were intended to simply supplement income by occasionally driving for Uber…
In the wake of the COVID-19 pandemic, amidst the layoffs and furloughs, many individuals have turned to withdrawing funds from their 401(k). Temporary changes to the rules under the CARES Act may give you more flexibility to make an emergency…
Come tax time most of us think that by hiring a professional to prepare our tax return that we will save the most amount of taxes. However, there is a way to save even more — through tax planning. A…
Many taxpayers feel that ever familiar feeling of dread come tax time knowing that they will be hit with a high tax bill. Instead of resting easy that you or your business has had a good year and your salary…