To The Penny Bookkeeping and Payroll Services

04/03/2024

It is almost the end of the 2023 tax season. 13 more days!!! Have you had your taxes done?

06/03/2023

DEALING WITH INFLATION!!

Inflation impacts everyone, and it can be challenging if your income is not increasing at the same rate as your expenses. Inflation increases the cost of goods and services, making your money work even harder. The good news is that you can take steps to ease the inflation burden.

1) Know where your money is going!

2) Change your spending habits!

05/08/2021

Next Monday is Tax Day!!! Have your taxes filed by this date!

04/15/2021

05/25/2020

Happy Memorial Day!!

03/17/2020

Do your retirement savings qualify you for a Tax Credit?

Did you know that you might be able to claim a tax credit when you save for your own retirement? The Retirement Savings Contribution Credit (also called the Saver's Credit) is designed to entice taxpayers to prioritize this important financial goal. You may be eligible to claim this credit if you are not a full-time student, are age 18 or older, not able to be claimed as a dependent on another person's tax return, and you made contributions or voluntary deferrals to one or more tax-advantaged retirement plans.

The amount of the credit is 50%, 20% or 10% of your retirement plan or IRA contributions depending on your adjusted gross income. The maximum credit amount is $1000.00.

Feel free to ask if you have any questions.

02/23/2020

If you owe taxes and are not able to pay the entire amount, pay as much as possible by April 15th to minimize interest and late payment penalties that begin accruing after this date (even if you file an extension). If needed, visit www.irs.gov to learn more about payment options and installment agreements.

Get Your Refund Status Do Your Taxes for Free Get Your Tax Record View Your Account Make a Payment Renew Your PTIN Get Answers to Your Tax Questions Apply for an Employer ID Number (EIN) Forms and Instructions 1040 and Schedules 1-3 Individual Tax Return Other 1040 Schedules Information About the Ot...

02/22/2020

Expecting a Refund....the safest and quickest way to receive your refund is to e-file your return and have the refund directly deposited into the account of your choice!!

01/21/2019

The Tax Cuts and Jobs Act of 2017 is the most comprehensive tax legislation passed in decades. There will be increased standard deductions for all filing statuses, elimination of exemptions and lower tax brackets. Lots of changes for this tax season!!