Boyer 2 Accountants Inc. Blog

Topics & tips about accounting, taxes, business, personal finance, and more!
Small Business Tax

How will the IRS treat your Venmo payments to and from your business?

Related posts: Yes, You Must Pay Taxes on Unemployment Benefits Payroll Tax Deferral: Proceed With Caution What You Need to Know About The Latest Stimulus Check Put your audit in reverse to save sales and use tax Let’s Review: The Home Office Deduction in 2020 Notice sales tax starting to appear more & more on

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What is a Pass-Through Entity Tax?
Blog

New York State’s Pass-Through Entity Tax

September 17, 2021 What is a Pass-through Entity Tax? A pass-through entity tax (PTET) enables the members of the eligible partnership or S corporation to make estimated tax payments to lower the federal taxable income that flows through the entity onto the individuals tax returns. Who is eligible? Public partnerships other than publicly traded partnerships,

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Working Remotely Tax Implications
Blog

Did You Work Remotely in 2020?

Did you work remotely in 2020? Have you received a notice asking to verify your residency status & personal income allocation from the NY Tax & Finance Department?

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Tax

The Latest on The Unemployment Tax Credit

By now, you’ve heard about the tax break on unemployment compensation that was apart of President Biden’s $1.9 trillion American Rescue Plan (ARP). With the 1st $10,200 of unemployment benefits becoming tax free for some filers under the ARP many were left wondering if they would have to file an amended return if they already

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