Are you among the many businesses bothered what to do with the mounding of complex files and intricate rows of data? Everything in this digitalized age, from basic food ordering to complex health processes, is being transferred from manual to automation mediums. Thus, it becomes vital for automation to enter the accounting landscape as well.
According to the 2019 census reports, there are 54 million people above the age of 65 presently residing in the USA. To sustain the needs of the aged post retirement, there are various pension and employee benefit programs initiated in the US, like the 401(K) plan and a defined benefit plan. All such pension schemes
The job of looking after your household is undeniably not something manageable solely by a single individual, especially if you are a working professional. If you are among the numerous Americans who engage domestic help in the form of cleaning staff, gardeners, nannies, and housekeepers, you should realize the regulatory aspects related to the same.
As the financial year comes to an end, many of us begin to fret about optimizing our tax liabilities and timely file our returns. During these times, most taxpayers realize that they should have opted for tax planning in advance to avoid the state of stress and panic. Undoubtedly, prompt tax planning is the best
In the past year, the country-wide outbreak of the COVID-19 pandemic has led to the disruptions of people’s everyday lives and the normal functioning of numerous businesses. It has prompted the US government to come with many relief measures for the Americans. Even a series of various federal legislation has come into effect, including the
It has been a year, if not more, since the coronavirus pandemic hit the world. The damage done by the pandemic is prominent all across the globe. Just like any other nation, the United States has been fighting COVID-19 quite intensely. The damage caused is not going to heal in just a couple of years.
Over the past year, many people in the US have filed claims to get economic impact payments. However, there is one question that has been popping in everybody’s minds is whether the economic impact payments available to Americans taxable. The forthright answer to this question is that the IRS does not consider Economic Impact Payment
Have you ever wondered how to tackle the mess of bookkeeping backlog with Outsourced Bookkeeping services? Keeping accounts all by yourself can be a hectic task, and many business ventures, especially new startups, make the mistake of not organizing their accounts from day one. It happens with almost every new entrepreneurial entity because they usually
The beginning of a new calendar year has now also initiated the process of getting ready for the new tax season. The enactment of the different bills such as the CARES ACT in 2020 has made significant alterations to many elements involved in tax calculation and filing requirements. The series of measures that were brought-forth
2020 has been a tough year for the whole world. The pandemic has influenced various aspects of the economy that affected people of all financial backgrounds. US tax policies did not remain unaffected by the effect of the COVID-19 pandemic. Other than the coronavirus-related legislation, aspects like new standard deduction amounts, income thresholds for certain