Jenkins CPA Letter to Clients Regarding COVID-19
Dear Clients, First, everyone at Jenkins CPA hopes that you and your family are doing well in these difficult times. We want to share some information about the tax and payroll implications of the current coronavirus situation and how our office plans to handle the...Opening Day (For Taxes) 2020
Each year the tax-filing deadline is April 15th. Almost anyone who has filed taxes before knows about the April 15th deadline. Did you know that the IRS doesn’t start accepting tax returns until a certain date that changes every year?! For 2020, the first day...ACA Insurance Explained
Post sponsored by Xpress Health & Life, Nixa MO ACA Insurance Explained 1. What is ACA Insurance? 2. How Can I purchase ACA Insurance? 3. Income & Payback Requirements 1. What is ACA Insurance? ACA Insurance is part of the Affordable Care ActIn some instances,...Phantom Income….. What?
Phantom Income….. What? Unless you’re an accountant or been a victim to phantom income, you’ve probably never heard of it. Phantom income is money that is never received by an individual but is still taxable. How is that possible? Let me explain....Online Sales: Keep These Items In Mind
Online Sales: Keep These Items In Mind Did you know that if you sell items online you may have to report them on your taxes? There are three main categories when selling goods online. They include selling used/personal items for less than cost, occasionally selling...Back to College? Did You Know About the Tax Credits You Can Receive?
Back to College? Did You Know About the Tax Credits You Can Receive? Now that school is back in session your house may be empty again, but that doesn’t mean your wallet has to be empty as well! There are several tax credits and deductions available for college...Payroll 101
What Exactly is Payroll, Anyways? Payroll is the process in which an employer pays an employee for work done. As soon as you have your first employee, there is a responsibility to complete payroll. There are a few crucial steps that must be done before each pay...