Let’s get this first part out of the way; any income you generate from any type of company, or any other entity that sends you IRS information just after the beginning of the year, you have to claim it as income on your taxes.
This is one of the most searched items on the internet, and it’s because of the promise most people read that tells them how much money they could possibly earn if they started doing all types of surveys. There’s a very… VERY… small number of people who make out big taking paid surveys on all kinds of things, and the reality is that very few people end up having to file any taxes at all. Does that sound like a viable income source? Continue reading Taxes And Unpaid Surveys→
When it comes to the topic of crypto or cryptocurrency, we’re never going to claim that we’re experts. When it comes to taxes we know a lot more on how to handle them. Still, we’d feel remiss if we didn’t talk a little bit about what crypto is and how it compares to stocks, which most people have heard about but might not understand either.
Thanks for everyone who’s visited this blog and worked with us in 2021. Here are a few updates we wish to share with everyone as it pertains to our business, your business and taxes in general for 2022.
Normally we don’t have an “our business” spot in our yearly update, but we have exciting news we wish to share. We’ve moved to a new location, though we’re still in the area. Our new address is 403 East Taft Road, North Syracuse. If you’re familiar with the area, we’re across the street from the main post office. Lots of parking in the rear, totally dedicated to use; we’re happy about that. We’re still working on the logo on our main page, but our new address has been updated at the bottom of the page. Continue reading Yearly Tax Update; 2022→
It’s tax season again, and hopefully everyone’s ready with the information their accountants or tax preparation people need to represent them properly. There aren’t a lot of changes via lawmakers this year, but there are a couple of new things we feel need to be mentioned.
First, obviously the entire country had to deal with the pandemic. Some people lost their jobs, while others had to work from home. Some restaurants closed (some permanently) while others figured out ways of doing either delivery, pick up or both. Some businesses qualified for and received PPP relief loans. And of course many people qualified for those stimulus checks. Let’s talk about some of these things. Continue reading Taxes For 2020; Not A Lot Of Change→
One of the main themes on this blog is helping to advise people on how to be more fiscally responsible. We talk about budgeting often because we don’t believe anyone can get ahead and feel secure with their financial situation long term without knowing how much money they’re bringing in, how much is going to bills, how much is being put away and how much is left to begin thinking about other things you might want to buy.
Sometimes people wait too long to get financial counseling, and then they discover they’re making less than what their bills are costing them, or barely breaking even. This leaves people with 5 basic choices for getting out of trouble: Continue reading Should You Get A Part Time Job?→
Accounting & Financial Advice from the Syracuse NY area
