Oct. 15 Tax-Filing Extension Deadline is Approaching for Millions of Taxpayers.
Sep29

Oct. 15 Tax-Filing Extension Deadline is Approaching for Millions of Taxpayers.

Account On Us urges taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline.   More than 14 million taxpayers filed for an extension in 2019 and, although Oct. 15 is the last day for most people to file, some may have more time. They include:   Members of the military and others serving in combat zone localities still have more time. They...

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Your QuickBooks expert in Osceola County.
Sep29

Your QuickBooks expert in Osceola County.

Certified QuickBooks experts known as ProAdvisors are accountants, small business advisors or consultants who have been tested and certified on QuickBooks.   Certified ProAdvisors help businesses customize QuickBooks for their unique needs and help them get the most out of the software. ProAdvisors are also a great resource if you run into trouble with QuickBooks. For questions on ProAdvisor fees simpy contact our office at...

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What to do with Scammers Scheming around Oct. 15 Tax Deadline.
Sep29

What to do with Scammers Scheming around Oct. 15 Tax Deadline.

Account On Us is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season approaches.   The agency warns that scammers continue to pose as the IRS, making threatening phone calls and using email phishing schemes to lure taxpayers. The scams may be particularly prevalent ahead of the Oct. 15 tax-filing extension...

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2019 Employer Reimbursements for Employees’ 2018 Moves are Generally Tax-Free.
Sep24

2019 Employer Reimbursements for Employees’ 2018 Moves are Generally Tax-Free.

Employer payments or reimbursements in 2019 for employees’ moving expenses incurred prior to 2019 are excluded from the employee’s wages for income and employment tax purposes, the Internal Revenue Service announced today. The 2018 Tax Cuts and Jobs Act (TCJA) suspended the exclusion from income for moving expenses reimbursed or paid by an employer for most employees starting in 2019, making these amounts taxable, except for amounts...

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Tips to know about Gambling Losses and Winnings.
Sep24

Tips to know about Gambling Losses and Winnings.

Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return. Taxpayers who gamble may find these tax tips helpful: Gambling income.Income from gambling includes winnings from the lottery, horseracing and casinos. It also includes cash and non-cash prizes. Taxpayers must report the fair market value of non-cash prizes like cars and trips to the IRS....

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