Gold Standard Tax & Accounting

There are many retirement account options out there... Which one is best for you? In our recent blog post, we break down the pros/cons of SEP IRA vs. Solo 401(k).... Check it out here: http://www.goldstandardtax.com/blog-sep-vs-401/

As of March 11th, 2021 the American Rescue Plan adjusted tax on unemployment compensation. In short, if you made less than $150,000 in the year, you don’t have to pay tax on unemployment compensation of up to $10,200. If you are married, each spouse doesn’t have to pay tax on unemployment compensation of up to $10,200.... Amounts over $10,200 for each individual are still taxable.

If you have hired independent contractors in the past, there are a few things you should know about Form 1099. We break it all down in our recent blog post. Check it out here:... http://www.goldstandardtax.com/blog-what-you-need-to-know-/

With all 2020 brought this year, there were some adjustments needed in how to file taxes in 2021. What are these adjustments and what can you start doing now to prepare? So glad you asked!... Check out our recent blog post here to find out http://www.goldstandardtax.com/blog-getting-ready-file-tax/

Oh boy tax season is around the corner! With that in mind, we will start to give you a few reminders to prepare for it... For example: Recently the IRS cautioned taxpayers not to rely on receiving your tax refund by a certain date... (Especially when paying bills or making major purchases) Some returns may take more time to process... Patience is key (we have all learned that from 2020 )

The CARES Act recently made changes in how you can deduct these charitable donations. What is the change? It used to be that you could only deduct charitable donations if you itemized your deductions. ... Now, however, even if you do not itemize your deductions you can still take a charitable deduction of up to $300. For more details, visit our recent blog post here: http://www.goldstandardtax.com/blog-charitable-deduction-c/

We know that working from home can pose it's own unique case of challenges... So we will be providing a series of tips over the next few weeks to help you out! Tip #1... Stick to a schedule That's right... this one is tough. But starting work at a similar time each day can help increase productivity!

Unfortunately, we live in a world where natural disasters take place. What happens if you or a loved one are affected by a natural disaster, and need to obtain important lost documents? Check out our recent blog post for 3 tips on how to do so.... Stay safe, everyone! http://www.goldstandardtax.com/blog-obtaining-records-afte/