Beyond the Numbers
Our Beyond the Numbers blog is published with articles on a monthly basis.
Easy-to-Overlook Tax Documents
With tax season now officially underway, here are several tax documents that may be easy to miss in your mailbox or inbox: Child tax credit letter. From July through December 2021, the IRS paid out 50% of projected child tax credit payments to qualified households....
I Owe Tax on That? 5 Surprising Taxable Items
Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are five taxable items that might surprise...
Great Tips for Your Home-Based Business
Home-based businesses can be financially rewarding and provide a certain amount of flexibility with your day-to-day schedule. Here are some tips to keep your business running at full steam. Stay on top of accounts receivable. It’s easy to get caught up with fulfilling...
Protecting Your Digital Footprint
In today's digital age, it is impossible to avoid the internet. Even if you don't have a computer and actively avoid social media, there is information about you in some corner of the web. Here are some ideas to help you manage your digital footprint: Actively manage...
Cryptocurrency: The IRS is Watching You!
Whether you own cryptocurrency or not, everyone should know the tax rules surrounding this type of property as it becomes more popular. If you have one take away regarding cryptocurrency, it should be this: Remember that Uncle Sam is watching you! Here's what you need...
Business Metrics that Have Impact
At the end of the year it is easy to compare revenue, gross margin, and profitability to the prior year and to your business plan. Here are a few ideas of other metrics to consider. Customer acquisition cost. Divide the total amount of money you've spent on marketing...
Prepare for this Year’s Tax Return Filing Season
Tax return filing season usually gets a little crazy, and this year isn't different. Due to new tax legislation and guidance from the IRS, we'll have to cope with a wide variety of tax changes, some of which relate to the pandemic. We're here to guide the way. Keep...
Plan Your Retirement Goals for 2022
There's good news for your retirement accounts in 2022! The IRS recently announced that you can contribute more pre-tax money to several retirement plans in 2022. Take a look at the following contribution limits for several of the more popular retirement plans: What...
Coping with Shortages and Delays as a Small Business
As we enter the New Year, businesses continue to be hampered by a near-unprecedented lack of supplies and materials. Besides items that have received widespread national attention like toilet paper and computer chips for cars, the slowdown in the supply chain is...
Ideas to Improve Your Financial Health in 2022
A new year. New resolutions. Here are five ideas to consider to help improve your financial health in the upcoming year and thrive! Save more for retirement. Plan for the future by feathering your retirement nest egg. For instance, you can contribute up to $20,500 to...