by Jeanine Hemingway CPA | Jul 25, 2024 | Announcements, Business
Although it might appear excessive, maintaining meticulous records—including receipts, bills, invoices, and other payment documentation—is crucial for both businesses and individuals. By maintaining organized records, you can easily track your financial health,... 
by Jeanine Hemingway CPA | Nov 1, 2020 | Announcements, Business, Education, Tax Blog
Whether you are a self-employed contractor, vendor, or business owner, chances are you are not fond of these mysterious 1099 Forms. However, the IRS takes these forms very serious because they allow the agency’s computers to keep tabs on taxpayers as they match... 
by Jeanine Hemingway CPA | May 29, 2019 | Announcements, Education, Tax Blog
The IRS offers child tax credits to help parents and guardians offset some of the costs of raising a family. If you have a dependent who isn’t your direct child, you may also be eligible to claim a credit. Parents may seek tax breaks on everything from child care... 
by Jeanine Hemingway CPA | Apr 2, 2019 | Announcements, Education, Tax Blog
During tax season comes warnings from the IRS and many tax agencies for small businesses to be on-guard against a growing wave of identity theft and W-2 scams. Yes, businesses too can fall victim to their identities stolen, and private and sensitive information used... 
by Jeanine Hemingway CPA | Mar 4, 2019 | Announcements, Education, Tax Blog
Once you turn 50, and especially after age 65, or are retired, you can qualify for tax benefits to help minimize your tax burden. If you or a loved one fall into these categories, here are seven of the most important tax deductions to use to your advantage: 1. Larger... 
by Jeanine Hemingway CPA | Feb 6, 2019 | Announcements, Business, Education, Tax Blog
There is a lot of confusion surrounding the new Section 199A Qualified Business Income Deduction. Let’s try to shed light on this new rule. What is QBI? The qualified business income (QBI) deduction provides a significant opportunity for business owners to cut...