All the latest news, insights, small business tips, bookkeeping services and accounting technology for small business owners and accounting professionals.

3 Financial Tips Following Graduation

Post-graduation life can feel freeing and blissful; however, it is good to get a head start on taking control of your finances. From new jobs to new cities, apartments, and expenses one thing you should not be stressing about is keeping up with your taxes. By taking advantage of these ...
Read More

What to Do if You Are Filing Your Return Late

The deadline to file a tax return is just around the corner. Worried about missing it? You still have time to file for an extension until Monday, April 18th. But if you wait any later, depending on your situation, it could mean you need to quickly take action to avoid ...
Read More
Tax Forms Guide

13 Common tax Forms and What They are For

All of the IRS’s tax forms can be confusing. This small guide will help you understand some of the most used tax forms and what they are for. 1. Form 1040- U.S. Individual Income Tax Return Form 1040 is where you declare your filing status, take your standard deductions, claim ...
Read More
How to apply for a tax extension

Applying for a Federal Tax Extension

Tax deadlines seem to have a way of sneaking up on you, so filing for a tax extension might be something you need to do. If you need more time to prepare your return—whether you are busy with school, travel, a personal emergency, or are simply unprepared—you can request a six-month ...
Read More

Tax Preparation Guide

With tax season now in motion, it is smart to start planning for the April 15th deadline if you have not done so yet. This article is here to help you get prepared! Prepare Important Paperwork No matter who does your taxes, you will need to have all your files ...
Read More

Resources To Help Ukraine

CKH Group is standing with the members of our team, and their families, in our Ukraine office. We are keeping those impacted close to our hearts and in our minds. During this impactful time, we would like to provide the members of our CKH Group teams with appropriate resources to ...
Read More

All About Non-refundable Tax Credits

What Are Non-refundable Tax Credits? Non-refundable Tax Credits are basically tax credits that can only reduce a taxpayer’s liability. Any remaining amount from the credit is automatically forfeited by the taxpayer. Non-refundable credits are also referred to as a “wasteable” tax credit, unlike refundable tax credits, which you can read ...
Read More

Understanding Refundable Tax Credits

What is a Refundable Tax Credit? A refundable tax credit can be applied to your tax bill and in some cases can generate a negative federal tax liability, meaning that your refundable tax credit can create a federal tax refund. For example, if you owed $1,000 in taxes and qualify ...
Read More

Everything You Need to Know About Federal Tax Levies & Liens

There is often confusion about the difference between a lien and a levy. If you aren’t a tax expert yourself, these terms can feel like they are in a different language. The terms “levy” and “lien” are not interchangeable, but they are closely linked. This article will break down everything ...
Read More

New 2022 Tax Brackets

On November 10th, 2021 the IRS announced their annual inflation adjustments to the 2022 federal income tax brackets. These adjustments impact more than 60 tax provisions. Here are the new numbers: Standard Deductions: Single or married filing separately: The standard deduction is risen by $400 and is now $12950 Married ...
Read More