Joining our team in July of 2019, Lucy assists our clients with their monthly bookkeeping and accounting service needs. A graduate of Blue Mountain Community College, where she received her Associates degree in Accounting, Lucy boasts more than 10 years…
Beginning January 1, 2022 the standard mileage rates are: 58.5 cents per mile for business miles driven (up from 56 cents in 2021) 18 cents per mile for medical or moving purposes (up from 16 cents in 2021) 14 cents…
Joining our team in August of 2021, Angie Van Ersvelde assists our clients with their monthly bookkeeping and accounting service needs. Angie has more than 30+ years of accounting experience and she obtained her Quickbooks Pro Advisor certification in late…
Be on the lookout for two very important letters coming in January from the IRS. The Third Stimulus Payment (Letter 6475) and Advanced Child Tax Credit payments (Letter 6419). Preparation of your tax return could be delayed without these letters.…
Issuing 1099’s in January may seem like it was months ago but eventually the IRS sorts through all of the forms and is able to identify mismatches or missing information on the 1099’s that were issued. For many businesses, the…
Today, on October 3rd, 2021, we are celebrating TEN YEARS in business!! As we look back over the past 10 years we are so thankful for all of our amazing clients and team members who have helped us get to…
As we see COVID cases and hospitalization rates increase in recent weeks, we would like to remind employers in Central Iowa that COVID relief legislation includes payroll tax credits (available through September 30, 2021) to help reduce the spread of…
Its July 15th 2021, and if you have kids under 17, the IRS may have sent you the first advance payment of the Child Tax Credit. As a reminder, the advance payment for kids under six is $300 monthly. The…
Assume for a moment, you have a 14 year old child. Here are the two options the IRS is giving you to claim the child tax credit in 2021: Option A: Receive a $3,000 child tax credit when you file…
As seems to be the ongoing trend….the Paycheck Protection Program (PPP) has changed again. Here’s what we know as of now! The Biden administration announced new rules, changing eligibility for self-employed (schedule C) businesses. PPP loans can now be based…