mickleassociatespa

This video will walk you through the steps on how to file your BOIR report with the US Treasury Department's Financial Crimes Enforcement Network (FinCEN). These reports for your business must be filed by the deadline. https://boiefiling.fincen.gov/ https://www.mickleinc.com #360Support #TaxPro

This video will walk you through the steps on how to download your bank activity to a CSV/Excel file that you can provide to your accountant. #FirstHorizon #Accounting #taxprofessional

This video will walk you through the steps on how to download your bank activity to a CSV file that you can provide to your accountant. #NorthStateBank #Accounting #taxprofessional

This video will walk you through the steps on how to download your tax reporting information to a CSV file that you can provide to your Tax Professional.

This video will walk you through the steps on how to download your 1099-B tax reporting information to a CSV file that you can provide to your Tax Professional.

This video will walk you through the steps on how to download your bank activity to a CSV file that you can provide to your accountant. #FirstCitizensBank #Accounting #taxprofessional

This video will walk you through the steps on how to download your bank activity to a CSV file that you can provide to your accountant. #NorthStateBank #Accounting #taxprofessional

This video will walk you through the steps on how to download your bank activity to a CSV file that you can provide to your accountant. #BankOfAmerica #Accounting #taxprofessional

This video will walk you through the steps on how to download your bank activity to a CSV file that you can provide to your accountant. #TruistBank #Accounting #taxprofessional

The Form 1099-K reporting requirement from 3rd party payment providers has been lowered from the $20,000 and 200 transaction limit to $600 for the year. For more Tax Tips: https://www.mickleinc.com #taxtips #taxpro #GigWorkers

The child and dependent care credit is a tax credit that may help you pay for the care of eligible children and other dependents (qualifying persons). New this year is the credit is now refundable and qualifying expenses up to $16,000 can be claimed. For more Tax Tips: https://www.mickleinc.com #taxtips #taxpro #Childcare

The Disaster Recovery Act of 2020 temporarily allows 100% business food & beverage deduction from retail restaurants and catering. For more Tax Tips: https://www.mickleinc.com #taxtips #taxpro #mickleandassociatespa

The above funny video clip, with the famous Michael J Fox, is a parody of going to extremes to teach kids about financial matters. Although this clip was performed in jest, since then studies demonstrate that if you help kids understand money when they’re young, they are more likely to develop sound financial habits when they are adults. Of course, unlike Alex Keaton you’ll want to tailor the information to the kid's age. So I put together some tips for you: TODDLERHOOD & PRESCHOOL Talk about how people work to earn money so they can buy things like food, transportation and toys. When you go on shopping trips with toddlers discuss how much various items cost. Point out that buying a more expensive item means less money for other things. EARLY ELEMENTARY SCHOOL Explain the difference between needs and wants. Let them push the toddler cart at the food store and provide them with some monopoly money so they can shop with you. Teach them budgeting concepts. Give them a small “piggy bank.” It might help if it’s a clear container so kids can see their cash grow. Consider offering a small reward when the stash reaches a specific level. Don't go Alex Keaton on them just yet but just short casual conversations on these things goes a long way. LATER ELEMENTARY SCHOOL Decide how you’ll handle allowances. Some parents choose to remit an allowance only if certain chores are completed. Others provide it no matter what and discipline the child in other ways. Whatever your approach, teach your child to budget and have him or her set aside part of the allowance to introduce the concept of savings (especially college/trade school savings). MIDDLE SCHOOL If you can, gradually increase your child’s allowance, use this opportunity to discuss financial concepts like interest, inflation and pay raises tied to performance. If your household budget is tight, suggest earning extra money through grass cutting, art, babysitting or other jobs to pay for class trips, athletic gear, summer/sport camps, school dance, or etc. HIGH SCHOOL If possible, encourage kids to read books and write you a simple 2 - 3 page book report in exchange for money. You pick the books and for every book report they write you pay them an agreed amount. Just remember it is not so much about the quality of the book report, but will they accept a project and follow it through. However, don't accept sloppy work either or you'll be counter productive in behavior building. Other options include suggesting your child get a part-time job. Continue to reinforce the importance of savings — whether for further education or some other goal, like transportation. Discuss how to use credit wisely and how interest compounds over time. Maintaining an open dialogue about finances and modeling sound money management can help you raise financially responsible kids. I’d be happy to provide additional ideas that I've garnered over the years, just drop me an email. You can find more articles like this on my blog section here: https://www.mickleinc.com #TaxTips #Kids #Teach

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted last December, provides several provisions to help individuals and businesses who give to charity. For 2021, MFJ taxpayers who make contributions to charity during the year and who don't itemize can benefit from an additional $600 for qualifying cash donations. For more Tax Tips: https://www.mickleinc.com #taxtips #taxpro #charity

Investing in crypto? I can help you with tax compliance. A #TaxPro is here. https://www.mickleinc.com #360Support #MickleandAssociatesPA

Answers to your tax questions from #MickleandAssociatesPA Can the IRS tax me on the exchange of services with another business? The answer to this common question is discussed in this video series. If you have questions leave them in the comments below and a TaxPro will respond to you. https://www.mickleinc.com #BarterServices #TaxPro

Answers to your tax questions from #MickleandAssociatesPA How can I avoid the underpayment penalty for my taxes? https://www.mickleinc.com #360Support #TaxPro

Answers to your tax questions from #MickleandAssociatesPA Are my frequent flyer miles taxable income to me? Even though the employer may pay for the trips you may be allowed to use these frequent flyer miles and/or other benefits for your own personal use. https://www.mickleinc.com #360Support #TaxPro

Answers to your tax questions from #MickleandAssociatesPA Can I deduct the cost of a spouse on a business trip? Generally, no but watch the video to find out if you qualify for the exceptions. https://www.mickleinc.com #360Support #TaxPro

Answers to your tax questions from #MickleandAssociatesPA Which is better for my business, an auto allowance or auto reimbursement and what is the difference between the two? https://www.mickleinc.com #360Support #TaxPro

Answers to your tax questions from #MickleandAssociatesPA What's the difference between a flexible spending account (FSA) and a health savings account (HSA)? https://www.mickleinc.com #360Support #TaxPro