Looking at healthy routines in our work life
Tax Season Edition
By Gail Cole
As we are in the middle of the tax season, it is no surprise that many businesses would like to increase sales and expand into new markets. But, now that most states tax sales by out-of-state sellers, this type of growth often brings new sales tax collection obligations that are important to keep in mind. Read more so that there are
…if you’re in the business of making sales, you could already be liable for sales tax in states where you make sales but aren’t collecting. And if your business is growing, your collection obligations could grow, too.
by Tim Yoder
Choosing the right version of QuickBooks Online might already be on your to-do list at the beginning of 2020. Check out this comprehensive guide to make sure you are getting all the features your unique practice needs as well as check whether you’re not overpaying by signing up for a version that is more than you actually need.
Here’s more from the tax news: IRS has issued significantly less refunds in the first weeks of the tax season as compared to the last year.
The IRS has created a withholding calculator to help taxpayers determine how much they should withhold to get the refund they want. The agency also released an updated W-4 form in January for employees to direct how much their employers should take out of their paychecks. Workers starting new jobs will automatically fill out the new form, but any employee can update their withholding on the new form even if they aren’t changing jobs.