LATEST TAX NEWS

The latest Tax News from Napoli Tax Office

Tax Due Dates for October 2021

Tax Due Dates for October 2021 October 12 Employees who work for tips - If you received $20 or more in tips during September, report them to your employer. You can use Form 4070. October 15 Individuals - If you have an automatic 6-month extension to file your income...

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How To Use Quickbooks’ New Customer Groups

How To Use Quickbooks’ New Customer Groups

How To Use Quickbooks' New Customer Groups QuickBooks has a new set of tools that can help you deal with what is probably one of your most pressing problems: getting customers to pay. Here's how to use this new feature: Creating Your Groups QuickBooks has added an...

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Reporting Gambling Income and Losses

Reporting Gambling Income and Losses If you aren't in the trade or business of gambling, you should be aware that gambling winnings are fully taxable and must be reported as income on your tax return. Gambling income includes but isn't limited to winnings from...

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Closing Your Business: A Tax Checklist

Closing Your Business: A Tax Checklist Many small businesses have closed due to COVID-19. If yours is one of them, you should be aware that there is more to closing a business than laying off employees, selling office furniture, and closing the doors - you must also...

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IRAs: Terms to Know

IRAs: Terms to Know IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better understand this type of retirement savings account, here's a basic...

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Federal Per Diem Rates Updated for FY 2022

Federal Per Diem Rates Updated for FY 2022 Per diem rates have been updated for FY 2022 and are effective October 1, 2021. These allowances substantiate the amount of ordinary and necessary business expenses paid or incurred while traveling away from home and include...

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