1099-K Subcontractor And Gig Income
Article: 1099-K Subcontractor and Gig Income Important Tax Information Jessica I. Marschall, President Marschall Accounting Services LLC May 30th, 2022 n early 2022, many people received 1099-K forms from companies such as Venmo, Paypal or other Payment Settlement Entities (PSE). These forms report total funds received through the PSE platform. They do not always translate into taxable income […]
Read MoreSEP And SIMPLE Plans-The Basics
Article: SEP and SIMPLE Plans-The Basics Jessica I. Marschall, CPA President Marschall Accounting Services LLC SEP and SIMPLE plans enable small business owners to invest in plans similar to a larger company’s 401(k) plan. SEP PLANS SEP or Simplified Employee Pension Plan allows employers to create retirement accounts for themselves and their employees. Pros of a SEP: […]
Read MoreAudited? What Comes Next
Article: Audited? What Comes Next Category: 1040 income tax Jessica I. Marschall, CPA President Marschall Accounting Services LLC The day’s mail arrives and, with it, a dreaded letter from the IRS. A taxpayer’s return has been selected for examination or the dreaded A-word AUDIT. The IRS does not provide reasons as to why a return is […]
Read MoreWork-Life Balance Of A Mama CPA
Work-life Balance of a Mama CPA Work-life Balance of a Mama CPA Jessica I. Marschall July 13th, 2022 As a caveat to this article…I am old. Forty-six years old to be exact. This means that I entered the CPA and Accounting profession in 1999 well before remote working opportunities were available and when it was […]
Read MoreOpening A Business? Follow This Important Checklist!
Article: Opening a Business? Follow this Important Checklist! Category: 1040 income tax 1. Determine your business entity classification will be a Corporation, S-Corporation, LLC, or Sole Proprietor. 2. Only Corporations, S-Corps, and LLC protect personal assets. You can open an LLC on your state’s corporation website and it is highly recommended that businesses have the […]
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