The Speedy Tax Blog – Honest Guidance From People Who’ve Been There
Tax Tips, Small Business Advice, and Real-World Know-How
At Speedy Tax Preparation & Bookkeeping Service, we believe that good advice should be easy to understand and even easier to apply. That’s why we created this blog—to help individuals, families, and small business owners make sense of their finances, one topic at a time.
Understanding Payroll Tax Compliance for Small Business Owners
Hey there, small business owner! If you're wondering how to keep your business running smoothly without any hiccups from Uncle Sam, you're in the right place. Understanding payroll taxes is a big deal for anyone handling their own business. It might seem like a maze...
What Makes Speedy Tax Preparation & Bookkeeping Service Stand Out
Thanks for stopping by our blog. If you’re looking for more information about Speedy Tax Preparation & Bookkeeping Service, you’ve come to the right place. About Speedy Tax Preparation & Bookkeeping Service We are bookkeepers in North Carolina, specializing in...
Here’s what taxpayers can do now to Get Ready to file taxes in 2021
Everyone should come up with a recordkeeping system. Whether it's electronic or paper, they should use a system to keep all important information in one place. Having all needed documents on hand before they prepare their return helps them file a complete and accurate...
New things taxpayers should consider as they get ready to file taxes in 2021
When people get ready to file their federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people...
2020-2021 Federal Tax Brackets and Tax Rates
Each year, the IRS makes a series of inflation-related adjustments to the U.S. tax code. So, even if there are no major changes in the tax law, the tax brackets are likely to change. That's exactly what has happened for the 2021 tax year. Here's an overview of the...
What Are the Key IRS Tax Changes for 2021?
Everyone's hoping that 2021 will be a lot different from how 2020 was. But when it comes to your 2021 income taxes, the IRS isn't planning on a huge transformation like we saw back in 2018. Even without major tax reform, however, you still have to go through the minor...
Meet The Face Behind Speedy Tax Preparation & Bookkeeping Service
I’m Mary Brown, the proud owner of Speedy Tax Preparation & Bookkeeping Service. I look forward to sharing my story. I hope that you will enjoy getting to know me better. From a young age, I knew I was a people person. I enjoyed the fulfillment I got from helping...
2021 tax filing season set to begin February 12
The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting completed tax returns now,...
Balance Sheet vs. Profit and Loss Statement: What is the Difference?
The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company's financial condition and are used by creditors, market analysts and investors to...
New law increases deduction limit for corporate cash contributions for disaster relief; IRS provides recordkeeping relief
The Internal Revenue Service today explained how corporations may qualify for the new 100% limit for disaster relief contributions and offered a temporary waiver of the recordkeeping requirement for corporations otherwise qualifying for the increased limit. Read More...