Roschke & Wall CPAs, A Division of SingerLewak

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Form 1099-K and Online Payments: The New Tax Rule Business Owners Should Know

Form 1099-K and Online Payments: The New Tax Rule Business Owners Should Know | www.financialhotspot.com The IRS recently changed the reporting requirements for business payments received through online payment services like PayPal and Venmo. In order to ensure all income from these apps is accounted for, the IRS substantially lowered the threshold for required reporting. Now, if a business earns over....

Do you have to pay taxes on social security benefits?

Must I pay taxes on Social Security benefits?  · FAQ | SSA NOTE: “Combined income” includes your adjusted gross income, tax-exempt interest income and half of your Social Security benefits.

Do you know what the contribution limit for employees who participate in 401k is?
https://cnb.cx/3UYOCo7

You can invest more in your 401k and IRA in 2023 — but should you be maximizing your contributions? The IRS is raising contribution limits for 401(k) and IRAs in 2023.

Did you know that contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income?

https://bit.ly/3GfIN1e

Publication 969 (2021), Health Savings Accounts and Other Tax-Favored Health Plans | Internal Revenue Service Publication 969 - Introductory Material Future Developments What’s New Reminders Introduction Comments and suggestions. Getting answers to your tax questions. Getting tax forms, instructions, and publications. Ordering tax forms, instructions, and publications. Publication 969 - Main Contents Heal...

Business owner--this can help you understand the difference between employees and independent contractors: http://ow.ly/t4AQ50K6R0Q

How Secure Is Virtual Accounting?

How Secure Is Virtual Accounting? | www.financialhotspot.com Increasingly, day-to-day business operations are going virtual. In recent years, numerous brick-and-mortar companies have adopted digital business practices to achieve greater flexibility and lessen their dependence on physical offices. This trend has extended to the professional services sector. In...

Offering services through an app? has a Gig Economy Tax Center that offers you tax tips and resources: http://irs.gov/gig

Can you avoid backup withholding?
https://www.americanexpress.com/en-us/banking/online-savings/faq/backup-withholding/