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5 Types of Tax Fraud Activities You Should Know About In 2021

Small Business CEO

The Internal Revenue Service (IRS) treats all tax issues seriously, and this includes filing a false tax return and accompanying documentation. Here are five types of tax fraud activities that you should be aware of in 2021: Willfully underreporting taxable income. Different background checks serve varied purposes.…

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.”

Legal 264
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True Gender Equality Is Still 151 Years Away—Despite Recent Milestones

Success

18, 2019, NASA astronauts Jessica Meir and Christina Koch completed the 221st spacewalk in support of the International Space Station’s maintenance and assembly, and marked the first all-female spacewalk in history. women’s team has been far more successful on the international stage than the men’s team,” according to ESPN.

2020 279
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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

The IRS has introduced new online tools with the hope of extending a more customer-friendly face this filing season. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., Interactive tax assistant.

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3 Strategic Things You Must Do to Effectively Organize Your Desk

All Things Admin

Setup your file sorters or trays for staging daily work/projects on one side of your desk and move them to pending or completed containers on the other side as you work on them. Take “after” pictures of your workspace, desk drawers, file drawers, and storage cabinets in your immediate work area. Clear the clutter.

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4 Smart Money Moves to Plan for Financial Security

Success

The benefits of starting retirement planning early far outweigh any reasons that might hold you back—even if that’s an unnecessarily flashy car with a high monthly payment or a fancy international vacation. In 2021, that limit is $140,000 for individuals and $208,000 for married people who file their taxes jointly.

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Summertime tax scams are going strong

BMT Office Administration

Many of the most recent scams center on promises of a third round of economic impact payments, conveniently failing to mention that the third round of checks was sent out way back in 2021. We are writing to inform you abount an important matter regarding your recent tax return filing.