Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Tax Relief for Those Affected by Natural Disasters

by TaxGenuity Tax Experts | Sep 7, 2021 | Tax Advice

Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left wondering how they’re going to pay for the cleanup or...

Keeping Good Tax Records Is Essential

by TaxGenuity Tax Experts | Aug 29, 2021 | Tax Advice

An important part of tax planning is keeping good records. Having an organized recordkeeping system makes it easier to file a tax return or understand a letter from the IRS. Here are some tips: Good Recordkeeping Helps Taxpayers: Identify sources of income. Taxpayers...

Repaying Deferred Social Security Tax

by TaxGenuity Tax Experts | Aug 26, 2021 | Tax Advice

The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defer the payment of certain Social Security taxes on their Form 1040 for tax year 2020 over the next two years. Half of the deferred Social Security...

Choosing a Payroll Service Provider

by TaxGenuity Tax Experts | Aug 23, 2021 | Tax Advice

When choosing a payroll service provider to handle payroll and payroll tax, employers need to make sure they choose a trusted payroll service that can help them avoid missed deposits for employment taxes and other unpaid bills. Typically, these clients remain legally...

A Tax Checklist for Newly Married Couples

by TaxGenuity Tax Experts | Aug 20, 2021 | Tax Advice

Summer is wedding season – even during a pandemic – and newlyweds should understand how tying the knot can affect their tax situation. Marriage changes many things, and taxes is one of them. Here’s a tax checklist for newly married couples: 1. Name...

Start Planning Now for Next Year’s Tax Return

by TaxGenuity Tax Experts | Aug 17, 2021 | Tax Advice

This year’s tax deadline may have come and gone, but it’s never too early to start planning for next year. With that in mind, here are five things you can do now to make next April 15 easier for everyone. 1. Review your paycheck. Make sure your employer is...

Retirement Plan Options for Small Businesses

by TaxGenuity Tax Experts | Aug 14, 2021 | Tax Advice

According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits. If you’re like many other small...