The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Taxes · 2 min read ·
Remote Workers and State Tax Audits
If you are an individual who worked in another state during 2021, you may receive a state tax audit notice. With remote work continuing to increase across the country, we will most likely see a large amount of these d…
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Taxes · 2 min read ·
IRS Suspends a Majority of Notices
https://youtu.be/c4KOiHuNCPg In order to be more timely with returns, the IRS has suspended multiple notifications that are mailed to taxpayers. Due to limited resources, the IRS has determined that suspending certain…
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Business · 3 min read ·
Tax Deduction Opportunities for the Self-Employed
There are many valuable tax deductions available to self-employed entrepreneurs. As a small business owner, it is important to take advantage of these opportunities to help boost your income and improve your bottom li…
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Business · 3 min read ·
Tax Deduction Opportunities for the Self-Employed
There are many valuable tax deductions available to self-employed entrepreneurs. As a small business owner, it is important to take advantage of these opportunities to help boost your income and improve your bottom li…
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Taxes · 2 min read ·
Why is E-Filing a Smarter Choice?
When it's time to file your taxes, you have two options: you can choose to either submit your return electronically or by mail. If your business is still filing returns via paper then it might be time to start looking…
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Business · 3 min read ·
Updates for R&D Tax Credit Refund Claims
Recently the IRS has updated their FAQ page in order to help answer businesses’ questions regarding submitting claims for refunds involving the federal research and development (R&D) credit. This tax credit results in…
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Taxes · 3 min read ·
How to Use Your Tax Refund to Fund Your IRA
Are you interested in reducing your 2021 tax bill and building your retirement savings? There is a unique tax-saver option that some individuals can take advantage of. You can save for retirement by contributing to yo…
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Taxes · 2 min read ·
IRS Increases Interest Rates for Q2 2022
The Internal Revenue Service has announced that the Q2 interest rates will be increasing effective April 1, 2022 through June 30, 2022. These rates are determined on a quarterly basis by the IRS. They are set by statu…
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Taxes · 2 min read ·
State Tax Return Deadlines for 2022
https://youtu.be/4vQrYCz_3jA The due date for most Americans to file their federal return this year is April 18th, 2022. A majority of states have their own income tax reporting requirements and attempt to make their…
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Business · 3 min read ·
Tax Deduction Opportunities for the Self-Employed
There are many valuable tax deductions available to self-employed entrepreneurs. As a small business owner, it is important to take advantage of these opportunities to help boost your income and improve your bottom li…
Read article
Business · 2 min read ·
IRS Now Requires E-Filing for Form 1024
Beginning in 2022, the Internal Revenue Service has enhanced its e-file capabilities so that organizations can now file Form 1024 , “Application for Recognition of Exemption Under Section 501(a) or Section 521 of the…
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Business · 3 min read ·
Changes to Taxation on Services
As our country shifts from a manufacturing based economy to a service-based economy, more and more states have begun implementing taxation on select services. This year we could see an increase in taxation on services…
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