by briesterer@thinkvisionary.com | May 3, 2023 | Business, Individuals, Newsletter, Tax
Estimated tax is the method used to pay tax on income not subject to withholding, such as income from self-employment, interest, dividends, alimony, and rent and gains from the sale of assets, prizes, and awards. You also may have to pay an estimated tax if the income...
by briesterer@thinkvisionary.com | May 3, 2023 | Business, Individuals, Newsletter, Tax
Taxpayers who reported certain state 2022 tax refunds as taxable income may need to file an amended tax return. Affected taxpayers include those who filed before February 10, 2023, and meet certain requirements. Taxpayers who used a tax professional should consult...
by briesterer@thinkvisionary.com | May 1, 2023 | Business, Individuals, Newsletter, Tax
Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven’t filed a 2022 tax return yet, it’s not too late. First, gather any information related to income and deductions for the tax years for which a return is...
by briesterer@thinkvisionary.com | Apr 10, 2023 | Business, Individuals, Newsletter, Tax
Obtaining a six-month extension to file is relatively easy, and there are legitimate reasons for doing so; however, there are also a few downsides. If you need more time to file your federal income tax return this year, here’s what you need to know. What Is an...
by briesterer@thinkvisionary.com | Apr 6, 2023 | Business, Newsletter, Tax
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and deductions. Here’s an overview of the tax incentives designed to encourage employers to hire qualified people...
by briesterer@thinkvisionary.com | Mar 2, 2023 | Business, Individuals, Newsletter, Tax
When a family member employs someone, the tax implications depend on the relationship and the type of business. Taxpayers and employers need to understand their tax situation. Here is what to know: Married People in Business Together Generally, a qualified joint...
