November 19, 2021

Name: Professional Accounting Solutions Inc
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What You Need To Know About The 1099-K Reporting Threshold

The American Rescue Plan Act of 2021 significantly changes the reporting threshold associated with Form 1099-K. This change will substantially increase the number of Forms 1099-K required to be filed with the IRS and furnished to recipients by third-party settlement organizations (TPSOs) and their electronic payment facilitators (EPFs). Modified Reporting Threshold Prior to the update, …

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Filing Late Taxes: Get All The Answers

Filing taxes is quite a nerve-biting task in itself but what if you got late in completing the process? We know from what stress you will go through. Lots and lots of questions run through your mind when you miss meeting the income tax return deadline. These can be related to filing a tax extension, …

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Founded in 2003, our firm strives to provide exceptional services, including online Bookkeeping, Catch-up Bookkeeping, Accounting, Tax preparation, QuickBooks consulting, Software implementation, Entity formation and Cryptocurrency taxation.

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