1-800Accountant has recently partnered with New York City’s Small Business Services (SBS) team. The partnership between the virtual accounting firm and the SBS team will provide SBS clients with a free tax clinic along with 30-minute virtual consultations.
Forbes Advisor recently named 1-800Accountant as one of the top 10 best online bookkeeping services of 2022. "1-800Accountant is our top pick for full-service bookkeeping because it offers a wide range of bookkeeping services, including standard bookkeeping, cleanup bookkeeping, advisory services, financial reporting, entity formation and tax and payroll services."
1-800Accountant today announced it has been named a BigCommerce Certified Technology Partner, providing approximately 60,000 BigCommerce merchants access to 1-800Accountant's comprehensive suite of business accounting, tax planning and bookkeeping services. Beginning today, BigCommerce merchants can schedule a free consultation with one of 1-800Accountant's small business experts through the BigCommerce App Marketplace.
1-800Accountant announced today that Brendon Pack will serve as the company's next Chief Executive Officer, effective Jan. 1, 2022. He succeeds Michael Savage, founder, who will continue in his role as Chairman of the Board. Pack currently holds the title of Chief Revenue Officer, a position he has held since 2017.
Verizon Small Business Essentials, which empowers business owners to launch and scale their ideas online, and its partner 1800-Accountant, a virtual accounting firm dedicated to making financial expertise more accessible to small business owners, together are sharing tips and insights to help small business owners navigate what is sure to be a complex tax season.
In order for restaurant owners to receive the biggest financial and tax benefits, it is important to evaluate individualized goals and decide what works best for your business. Working with an accountant familiar with the restaurant industry can be a crucial step in ensuring your restaurant survives COVID and is equipped to withstand any future crisis.
Taxes as a rideshare and delivery driver can be headache-inducing for many: how many times should you file taxes? Once a year or quarterly? If you wish you could just outsource the whole thing, you’re in luck! Rideshare Guy contributor Tyler Philbrook outlines how 1-800Accountant can help you set up your business, do your taxes, and more.
Gary Milkwick, Chief Product Officer, leads a session on How to Save Money and Reduce Risk. You’ll learn how to save money and reduce risk during this Q&A on small business incorporation and taxes.
When revenues and expenses don’t quite line up, like economic difficulties or a new business opportunity, business owners need immediate access to credit to handle these costs. Enter: a small business credit card. However, a business credit card requires smart usage, or else you can quickly get buried in late fees and interest.
If your income decreased in 2020, you may be eligible to receive more money based off of these income requirements, even if you already received a partial payment. However, if you somehow received more money than you were supposed to for either stimulus payment, you "won't have to pay it back," assures Mike Savage, chief executive officer of 1-800Accountant.
Starting in January 2020, there’s a new design for Form W-4. The IRS explained that the redesign will reduce confusion for filers and enhance the transparency of the tax withholding system. Luckily, current employees who have completed a W-4 before 2020 do not need to fill out a new one.
After more than four months of building, the Mega Millions jackpot finally went out Friday night. The multi-state lottery announced a couple of hours after its 11 pm ET drawing that one ticket won the $1 billion prize. In most cases, when lottery jackpots reach astronomical figures, winners choose the cash option. While its millions less, it provides the winner with certainty.
Tax season 2021 is here and people are asking: How will the pandemic affect our taxes this year? We've asked experts for the answers to six of your most pressing tax questions ahead of this year's tax season and Tax Day.
Mike Savage has been a professional accountant for more than 20 years, but he’s never seen a tax season like this one. "We're receiving an abundant amount of calls from our clients who are confused, worried,” he said. All of that confusion will likely come to a head on February 12 when folks start submitting their returns.
A recent survey by TaxAudit found that 37% of taxpayers who are receiving or have received unemployment benefits during COVID-19 are concerned they may owe an increased amount of taxes next year.
If you were laid off due to the coronavirus or became unemployed this year for other reasons, you may not fully understand the tax implications of this change in employment status. For some Americans, this uncertainty is already causing financial stress.
People who collected unemployment will receive smaller — or nonexistent — tax refunds this coming year because of a tax law quirk that counts unemployment as taxable income.
Check out this list of the 21 smartest money moves you can make in 2021. Fix your budget, maximize your savings, spice up your resume and more with our guide. While these aren’t necessarily easy, we looked for things that could realistically be accomplished with a few hours (or in some cases days) of effort.
Last month a former research analyst for Bank of America made news when it was reported he put more than $20,000 in personal expenses on the company’s credit card in 2019—and refused to pay it back. The incident is an important reminder for business executives about corporate credit card abuse and fraudulent expense reports.
More than 5 million businesses have received COVID relief funds. It's important to keep loan forgiveness in mind from the moment you receive your funds to avoid unforeseen costs.
1-800Accountant recently announced an innovative new partnership with BizFilings, the full-service legal and business partner for small businesses.
How is it that a millionaire can pay hardly any income taxes -- or none at all -- while most people, earning far less, owe more?
Did you turn that spare bedroom into a home office? Here's what you need to consider about the home office tax deduction.
You will probably see more money in your paycheck this month, but questions remain about the long term implications and if it is prudent to spend that money.
On Aug. 8, President Donald Trump signed an executive memorandum that would defer payroll tax obligations “in light of the ongoing COVID-19 disaster.”
An executive memorandum that would defer payroll tax obligations is set to defer the Social Security portion of payroll taxes from Sept. 1 until Dec. 31.
The Utah Governor’s Office of Economic Development (GOED) is pleased to announce that 1-800Accountant will open an office in Utah, creating up to 120 new high-paying jobs in the next five years...
For the self-employed, home offices can be written off on taxes for a sizable deduction. However, the task comes with a set of stringent conditions after the tax law changed in 2017.Here is...
The IRS has postponed the tax deadline 90 days, to July 15. It's a generous gesture meant to ease the financial strain many Americans are facing as the coronavirus continues to shut down businesses and...
When the Senate passed a gigantic coronavirus economic relief bill that includes checks of up to $1,200 for many Americans, a lot of people reacted like it was a done deal. But even though the House...
Mike Savage, is a CPA and CEO of 1-800Accountant, one of the premier virtual accounting firms in the U.S. trusted by over 200,000 small and medium-sized businesses across the country...
Mike Savage, CEO of 1-800Accountant, discusses the coronavirus stimulus package and how that will affect business owners across the South...
The coronavirus pandemic has hit the United States hard and fast, and the domino effect is being felt. As people practice social distancing, they are spending less, and companies are struggling to survive...
Two years after the 2017 Tax Cuts and Jobs Act passed, it produced some of the most sweeping and significant changes in our industry. Both personal and corporate tax laws were changed and many of...
The House passed a massive $2.2 trillion stimulus bill Friday containing tax relief for both businesses and individuals and other stimulus measures in response to the coronavirus pandemic, and President...
Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no exception. On Tuesday, Treasury Secretary Steven Mnuchin announced during a White House briefing that the...
Each year many-a-breath is held as Americans file their taxes. Will the process end in a big tax refund? Or will an unexpected tax liability wipe out your bank account? Or maybe your situation will...
Starting in January 2020, there’s a new design for Form W-4. The IRS explained that the redesign will reduce confusion for filers and enhance the transparency of the tax withholding system. Luckily...
Tax season 2020 begins just after the new year. Employers are required to send tax documents to workers on or before January 31, which you'll use to file your taxes for 2019. The deadline to file and...
When you first start saving for retirement, you might think you’ll never get to the point where you can “max out” your annual contribution. But perhaps your income has leveled up significantly since...
Two can live as cheaply as one, the old saying goes. Except for some high-income taxpayers. Although the Tax Cuts and Jobs Act mostly eliminated the so-called — and hated — marriage penalty, some taxpa...
Jeffrey Epstein was worth an estimated $559 million, yet he may have paid little in the way of personal income taxes. The late financier, accused of sexually assaulting and trafficking girls as young...
Dan Simms spent decades working in sales, but after more job-hopping than he preferred, he was ready for a career change. A friend suggested DogVacay, a service that linked up pet owners with people...
It was just a regular day: I opened my mailbox, grabbed the pile of what I assumed was a combination of junk mail and bills, and then I saw it—an envelope from the IRS. At first glance, it looked like...
The IRS said Friday that because of changes and confusion caused by the new Tax Cuts and Jobs Act, it will penalize fewer taxpayers who didn’t withhold enough federal taxes in 2018. Before the ruling...
Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay - if they are taking any at all. About a quarter of these...
The process of filing taxes can be daunting and complex, so it can be easy to make a mistake if you’re not careful — and these tax mistakes can end up costing you. So I spoke to top tax experts to...
If you are an investor who will owe the IRS, you still have some options to put your money to work until your tax bill comes due. Many taxpayers would rather withhold too much money from their...
The first tax season under President Donald Trump's new tax law is underway, and a new rule isn't sitting well with some taxpayers. Among several changes to the US tax code, the Tax Cuts and Jobs Act...
When it comes to doing taxes, there are people who write off expenses — such as freelancers and entrepreneurs — and those who don’t. There are also those who know it would financially benefit them to...
Tax season so far has been full of surprises, as Americans navigate the biggest tax code changes in decades. Most who have a simpler tax return will manage just fine with the tax preparation software...
Tax season is here again, and it can sometimes feel a little overwhelming. There's tons of paperwork to fill out, and several different ways to file it all. It's only natural to ask: What if I mess up...
If you freelance — either as your primary job or your side hustle — the way you file your taxes will be different than someone who works a salaried position and gets a W-2. And, the more jobs and 1099s...
The longest government shutdown in history could not have come at a worse time for the IRS, the National Taxpayer Advocate has told Congress. The IRS was heading into its first filing season under...
The first tax season under President Donald Trump's new tax law is underway. The IRS started accepting tax returns on Monday, January 28. You can start filing as soon as you receive a W-2 form — or a...
Tax season won't be delayed due to the partial government shutdown. The IRS is still accepting tax returns and is allowed to issue refunds, it said in a press release this week. The announcement comes...
Tax season got a little more challenging due to the partial government shutdown. The Wall Street Journal's Richard Rubin reported this week that taxpayers who file early in the season may not receive...
Winter is coming, as is Tax Season 2020. The folks at 1-800Accountant don’t want to see tax professionals left out in the cold, not putting their tax preparation skills to good use during the busy...
1-800Accountant CEO Michael Savage has won a Glassdoor Employees’ Choice Award honoring the Top CEOs in 2018 in the U.S. SMB category. Glassdoor, one of the world’s largest job and recruiting sites...
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