Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
Advance Child Tax Credit payments in July. This could be great. It could also create a mess for your family when filing taxes at the end of the year. Here is what you need to know. The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of enhanced Child Tax …
Continue reading Advanced Child Tax Credit Payments Staring NOW! What everyone should know
Here are several tax planning moves to consider this summer for your business. Also read about why a buy-sell agreement is a document you'll want to have for your business. Tax planning for small businesses isn’t restricted to the end of the year. There is plenty you can do in the summer months to reduce …
Hobby or business? You might be surprised by the tax savings in your future if you get this one right. You’ve loved dogs all your life so you decide to start a dog training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a …
If you're interested in minimizing your tax obligations and maximizing your savings, consider the helpful tips and ideas you'll find in this newsletter. Call if you would like to discuss how any of this information relates to you. If you know someone that can benefit from this newsletter, feel free to send it to them. …
Now is the time to make your estimated tax payment Reminder: Second quarter estimated taxes are due Tuesday, June 15th. If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here. Due …
Continue reading Reminder: Second Quarter Estimated Taxes Are Due
Find out the one number you need to know! Also read about hiring your kids for a summer job, the benefits of doing a 12-month financial forecast and dive into the wonderful world of podcasts! Do you know your net worth? Find out why knowing this number is one of the most important financial concepts …
The only way to get a refund is to file a tax return. If you don't file a return, your overpayment turns into a donation to the U.S. Treasury. Here is what you should do. The tax filing due date often brings a sigh of relief to most taxpayers. Unfortunately, every tax day also closes …
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