Make a note of the important tax filing dates for 2023.
Rate increase for Tax Preparation
Next Step Tax LLC will have a small increase in tax preparation fees for 2022 Tax Returns. On average the new invoice amount will be 10-15% higher than last year’s for both business and personal returns.
Introducing Next Step Advisory LLC
We’re pleased to announce our new Tax Advisory and Small Business Consulting services.
IRS Changes for Tax Year 2022 Returns
The six IRS changes you should know before filing your 2022 tax returns.
Intuit to Stop Supporting Older Versions of QuickBooks Desktop
A QuickBooks Pro license is good for three years, after which Intuit drops support for the product. You can still use the software after the three years are up, but the Intuit team won’t be able to …
Do you own the home you are living in and it is your primary residence? If so, have you filed/confirmed your Homestead Exemption to reduce your property taxes? A homestead …
How to (legally) lower your taxable income
In the final months of the year, there are only a few options left to you to lower your taxable income and reduce your tax bill. This is the #1 topic for financial planners assisting their clients.
Collecting W-9s is a Pain. But…It’s the LAW
The W-9 is critically important for businesses to collect from anyone to whom they will make payments for services. The W-9 is required in order to issue Form 1099-NEC, a new form required by the IRS for the 2020 tax year.
Acupuncture for Health
Next Step Enterprises celebrates our favorite acupuncturist and client, Izumi ‘Zoe’ Schutz, owner of Morning Quail Acupuncture. Zoe helps the Next Step team stay healthy by treating our tennis elbow and Austin allergies.
NEW for the 2020 Tax Year: Form 1099-NEC
The IRS changes Form 1099 for 2020 Tax Year!
For the 2020 Tax Year, the IRS is requiring a new form, the 1099-NEC to report nonemployee compensation. The 1099-NEC is a whole form dedicated to BOX 7 (nonemployee compensation) formerly on the Form 1099-MISC.
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