Nataliya Lindvor, CPA, PC

Selfies - Not just for social media anymore...

IRS will soon require a selfie to access some of its online tools and applications Starting summer 2022, the IRS is requiring taxpayers to create an account with identity verification company ID.me to access certain tools and applications.

Here are the SBA's business tips for starting out 2022 the right way for your business.

And when it comes to # 4, we got you covered.

Ring in 2022 with Business Tips from the SBA Whether your business has been around for a few days or a few decades, the SBA is ready to support you heading into 2022. It starts with these tips.

Though there are certainly multiple factors fueling the Great Resignation in America, the one thing that's become painfully clear is that business as usual just won't cut it anymore.

Here's some insight on what might be affecting your ability to retain good staff...

These Are the Top 5 Reasons People Are Quitting During the Great Resignation, According to Massive New Research (Hint: None Of Them Is Pay) A team out of MIT combed through huge amounts of data to determine the real causes of the Great Resignation.

We're here and ready to serve you.

Different financial goals call for different strategies. See if your goals are on this list to see if you can get there faster.

What are your financial goals for 2022?

Money Management: 4 Tips for Mastering Your Finances - NerdWallet Money management is a plan that typically involves budgeting and saving, avoiding or reducing debt and investing in your future. These tips will help you get started.

There are a plethora of loans out there for small businesses like yours – even grants you don’t have to repay.

Some of those loans could even be waiting in some unusual places.

Believe it or not, Walmart Inc. offers a ton of grants to businesses.

The U.S. Treasury also has a Community Development Financial Institutions Fund with a list of local resources that can help small businesses like yours, especially in certain industries and sectors.

Information For The General Public: Frequently Asked Questions | Community Development Financial Institutions Fund Are you an individual seeking a loan, perhaps to renovate your home or start a small business, or a small business searching for funding?

Of course, we all know W2s and 1099s will be coming our way as part of tax documentation, but also be on the lookout for these two letters from the IRS:
1. Letter 6475 - Third Economic Impact Payment total amount received
2. Letter 6419 - Advance Child Tax Credit payments total amount received

IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments | Internal Revenue Service COVID Tax Tip 2022-03, January 5, 2022 — The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January.

Friendly reminder: The final estimated tax payment for 2021 is due today.

Also, based on the glacial pace that we’re seeing with IRS response times, and the general level of disruption that tax season brings...

It’s a really good idea for YOU to get your tax filing documents together just as soon as humanly possible and get an appointment with us so we can get things squared away for you.

Today, we honor this great man who changed the course of American history in the face of great adversity. May we all have the courage to stand for what is right, even when it costs us.

Would you do us a favor?

As the conversation turns to taxes in the next couple of months with your friends, coworkers, and family, we'd be grateful for your recommendation.

We're always looking to grow and win more clients just like you. Thank you (in advance) for your referral! 😊

With the tax season train arriving very soon, here's what you'll want to gather so you're ready to go when you contact us about filing your taxes:

- Personal: Social Security number, dates of birth, and bank account information for you, your spouse, and your dependents. Also, dig up a copy of last year’s (or most recent) tax returns.

- Income: If you're an employee, you need a W-2s. If self-employed, a 1099 NEC form. For any social security benefits you received, you'll need an SSA 1099. And a whole host of other 1099 forms for various dividends, interest, and other payments made to you.

- Credits: IRS letters regarding stimulus payments, child tax credits, and other pandemic-related help. You can also gather receipts and other records for what you paid in mortgage interest, student loan interest, charitable donations, and medical expenses.

There's a new tax rule buried in the American Rescue Plan Act passed in 2021, and it could have a serious impact on your small business if you use digital payment services like PayPal, Venmo, or CashApp.

There’s a new tax rule for US small business owners. What to make of it? | Gene Marks The IRS will look into the digital payment service accounts of small businesses, freelancers and independent contractors