Quasar 3 Tax has a fun tax fact to share with you.
No matter what the reason for your move may be, it's important to be aware of the implications for your taxes when you relocate to a new state. In this article, learn more about establishing residency, part-year tax returns, and more.
QUASAR3TAX.COM
How to File Taxes After Moving to a New State
If you have lost your job, there are a number of tax issues that you may encounter. They include severance pay, unemployment compensation, health insurance, pension plans and possibly a home sale. How you deal with these issues can profoundly impact your taxes and finances.
QUASAR3TAX.COM
Tax Consequences of Losing Your Job
Get inspired. Some Wednesday Wisdom from Sacramento based Quasar 3 Tax
U.S. citizens and resident aliens with financial interests in or authority over one or more foreign financial accounts (e.g., bank accounts or securities) may need to report these relationships to the U.S. Treasury's Financial Crimes Enforcement Network or face severe penalties.
QUASAR3TAX.COM
Foreign Account Reporting Due October 15
If you're like most entrepreneurs, you probably cringe at the thought of starting a new business in the midst of a recession. In reality, these periods of downturn may actually be the ideal time to launch your new startup.
QUASAR3TAX.COM
Actually, a Recession is a Great Time to Launch That New Startup
The SBA has released yet another simplified application for PPP loan forgiveness: SBA Form 3508S. This form can only be used if the total PPP loan amount received by the borrower from their lender was $50,000 or less.
QUASAR3TAX.COM
The SBA Issues a Simplified PPP Loan-Forgiveness Application
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. Watch this video to learn more about some typical issues.
Start your week on the right foot with Monday Motivation from Quasar 3 Tax
Quasar 3 Tax has a fun tax fact to share with you.
Gambling income can affect your taxes in more ways than you might believe, including causing your Social Security income to be taxed, reducing your health care subsidies through government marketplaces, paying higher Medicare B & D premiums, having additional filing requirements, and limiting or reducing a number of tax deductions and credits.
QUASAR3TAX.COM
Gambling and Tax Gotchas
Some Wednesday Wisdom from your friends at Sacramento based Quasar 3 Tax
Wednesday Wisdom from your friends at Quasar 3 Tax
An individual must have compensation in order to contribute to an IRA, unless the individual is a non-working or low-earning spouse who is allowed to contribute to his or her own IRA based upon the compensation of the working spouse.
QUASAR3TAX.COM
Don't Miss the Opportunity for a Spousal IRA
Here's some motivation for your Monday from Quasar 3 Tax
First, there was the usual April 15th deadline. Then, there was July 15th. If you filed for an extension, your deadline was October 15th - and now that date has come and gone. What happens now if you missed it?
QUASAR3TAX.COM
What Happens if I Missed the October 15th Tax Extension Deadline?
Let's get the weekend started. Friday from Quasar 3 Tax
Operating a SMB is hard work - and it's vital to know the financial health of your business at any time. Whether you're assembling your financial reports yourself or have hired professional help (like us), here are 12 metrics that can help you monitor your success.
QUASAR3TAX.COM
12 Financial Metrics Small Business Owners Should Track
Looking for a sign? Here's your Monday Motivation from Sacramento based Quasar 3 Tax
The U.S. Small Business Administration (SBA) has initiated a compliance program to evaluate PPP borrowers whose loans are $2 million or more. Watch this video for more info on how your business can be better prepared.
End of week tax fact from Quasar 3 Tax
It matters how you get there. Wednesday Wisdom from Quasar 3 Tax
Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and although understandable, it is important to resume savings as quickly as financially possible. Still others have simply been ignoring the need to save for their retirement, which can have an unpleasant result when it comes time to retire. Many tax-benefitting retirement options are available.
QUASAR3TAX.COM
Sacramento, CA / Quasar 3 Accounting and Tax
Small business owners: as we inch closer to the end of the year, it's a great time to be thinking about tax planning strategies for your business. Here are some ideas that can be beneficial at any time of year.
QUASAR3TAX.COM
Sacramento, CA / Quasar 3 Accounting and Tax
New Updates to Our Warning About Social Security Phone Scams
https://blog.ssa.gov/new-updates-to-our-warning-about-social-security-phone-scams/
BLOG.SSA.GOV
New Updates to Our Warning About Social Security Phone Scams
How to avoid these costly mistakes.
https://www.forbes.com/sites/davidrae/2021/01/31/10-costly-401k-rollover-mistakes-to-avoid-now/
FORBES.COM
10 Costly 401(k) Rollover Mistakes To Avoid Now
What is Asynchronous Communication? How can it help your business?
https://www.forbes.com/sites/laurelfarrer/2020/12/10/the-art-of-asynchronous-optimizing-efficiency-in-remote-teams/
FORBES.COM
The Art Of Asynchronous: Optimizing Efficiency In Remote Teams
7 Places to Find Money to Pay Down Your Credit Card Debt https://financialhotspot.com/2020/09/25/7-places-to-find-money-to-pay-down-your-credit-card-debt/
FINANCIALHOTSPOT.COM
7 Places to Find Money to Pay Down Your Credit Card Debt | www.financialhotspot.com
Still waiting for your stimulus check (a.k.a. economic impact payment(s))? Owe taxes?
https://www.forbes.com/sites/ashleaebeling/2021/01/29/irs-should-deliver-full-stimulus-payments-to-those-who-owe-back-taxes-urges-taxpayer-advocate/?ss=personalfinance&sh=5a89277f2c7f
FORBES.COM
IRS Should Deliver Full Stimulus Payments To Those Who Owe Back Taxes, Urges Taxpayer Advocate
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