2021 Is Ending And Tax Season Is Almost Here!
The year is almost over and tax season is approaching soon. Are you ready? What do you need to know to file taxes for 2022? The IRS has...
IRS Issues Guidance Regarding Employee Retention Credit Termination
The IRS has issued guidance regarding the retroactive termination of Employee Retention Credit (ERC) starting from Oct 1, 2021, except...
10 Strategies To Reduce Your Taxes- #3 Taking Advantage Of Business Credit Cards
Happy December! The holidays are coming, but so is the end of the fiscal year. As a business owner, you probably already know the...
10 Strategies To Reduce Your Taxes - Tip #2 Maximize Deductions
We are nearing the end of the year with Thanksgiving at a close. Luckily, we have our second strategy out of the ten to reduce your...
The Difference Between Employees & Independent Contractors
When hiring new workers/contractors, they must be classified correctly as either an employee or independent contractor. The correct...
2021 Year End Checklist For Businesses
The XQ CPA End of Year Checklist can be found here Today, our team is going to discuss how to prepare your business for the end of the...
2021's Final Tax Deadline
Today is October 12th, three days before October 15th – the last tax deadline of the year. What should you do at this point if you have...
Reminder Oct 15 Is When FBAR Extension Should Be Filed!
Today, the IRS reminded all U.S. citizens, resident aliens, and any domestic legal entity to complete the annual FBAR (Report of Foreign...
Tax Loophole That Crypto Investors Must Take Advantage Now!
If you invest in virtual currencies i.e. Bitcoin, there is a tax loophole that could go away in 2022 that you should take advantage of...
Why CEOs Are Worried About The Latest Tax Law Changes?
Based on the latest tax law changes, CEOs are getting worried about a potential increase in corporate tax rate from 21% to 26.5%. To make...
