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ASY are Small Business Accountants that treat me like family.

Bookkeeping • Payroll • Tax Preparation • Government Correspondence From small business to non-profit (501(c)(3))… from new business to established… we handle the numbers so you can concentrate on the business! AS of York caters to small business owners....

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  • August 29, 2009

Key points to keep in mind when filing 2022 tax returns

WASHINGTON — To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022 tax returns. From gathering paperwork to filing...

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  • February 1, 2023

Household employees open ‘a big can of worms’

By Tom Breedlove January 31, 2023 4:27 PM For most tax practitioners, household employment is a tricky part of the Tax Code — primarily because of what they get from clients and when they get it. Busy families who have...

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  • February 1, 2023

Taxpayers should avoid these common mistakes when they file their tax return

Most of the common errors taxpayers make on their tax returns are easily avoidable. By carefully reviewing their return, taxpayers can save time and effort by not having to correct it later. Filing electronically also helps prevent mistakes. Tax...

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  • January 30, 2023

Managing the ERC misinformation epidemic

By  Randy Crabtree January 24, 2023, 10:15 a.m. EST6 Min Read I’m sure you’ve heard the radio ads telling business owners: “If you were impacted by COVID, you could be entitled to up to $26,000 per employee in refunds from...

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  • January 25, 2023

MFJ taxpayers need to look out for this tax payment SNAFU

By Roger Russell January 03, 2023, 1:35 p.m. EST2 Min Read   Taxpayers who file as married filing jointly and make a balance-due payment online may find their payment somehow does not get credited to their account. That’s if they...

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  • January 5, 2023

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be...

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  • December 27, 2022

Before toasting the new year, taxpayers should review this to-do list

Whether they plan to stay up to greet the new year or go to bed early, taxpayers can get ready for 2023 by reviewing these common end-of-year tasks. People can always visit IRS’ Get Ready webpage for info on filing their tax...

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  • December 16, 2022

Farmers, ranchers and farm workers can find ag-related tax info anytime on IRS.gov

The IRS website has a wealth of information for farmers, ranchers and other farm workers. Whether they’ve got a question about whether crop insurance is taxable, they need to find financial resources for a small business, or they want...

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  • December 15, 2022

People and families paying for disability-related expenses should consider an ABLE savings account

People with disabilities and their families can use Achieving a Better Life Experience or ABLE accounts to help pay for qualified disability-related expenses. ABLE accounts are tax-advantaged savings accounts that don’t affect eligibility for government assistance programs. Here are some...

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  • December 14, 2022

Don’t let a tax mistake ruin newlywed bliss

When people get married their tax situation often changes. A taxpayer’s marital status as of Dec. 31 determines their tax filing options for the entire year, but that’s not all newlyweds need to know. Here’s a tax checklist for...

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  • December 12, 2022

IRS Form 1099-K: Will You Get One From Venmo, PayPal, or Cash App?

A new $600 reporting threshold for IRS Form1099-K involves payment networks like Venmo, PayPal, Amazon, Square, and Cash App. Did you get paid more than $600 in 2022 for goods or services through a third-party payment network like Venmo,...

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  • December 6, 2022

Reviewing tax credits and deductions now helps set taxpayers up for success at tax time

Most people probably only think about tax credits and deductions when they’re completing their tax return. However, a little early planning can make for a smoother filing process. By familiarizing themselves now, taxpayers can have a clear understanding of...

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  • December 1, 2022

There’s more to determining filing status than being married or single

Some taxpayers are eligible for more than one filing status. As they get ready for the upcoming filing season, taxpayers should carefully review their options to pick the filing status that makes the most sense for them. Those who...

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  • November 30, 2022

Taxpayers should review the 401(k) and IRA limit increases for 2023

The amount individuals can contribute to their 401(k) plans in 2023 will increase to $22,500 — up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and...

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  • November 29, 2022

Taxpayers shouldn’t let gift card scammers ruin the holidays

During the holiday season, taxpayers should be aware of gift card scams thieves commonly use this time of year. Con artists will target taxpayers by asking them to pay a fake tax bill with gift cards. They may also...

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  • November 28, 2022

Everyone should know the facts about how the IRS communicates with taxpayers

Knowledge is a taxpayer’s first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: The IRS doesn’t normally...

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  • November 23, 2022

Giving Tuesday is coming; now is a good time to review tax benefits for charitable giving

The Tuesday after Thanksgiving marks Giving Tuesday when many people choose to make charitable donations. People making charitable donations for Giving Tuesday, or at any time during the year, should review whether their gift is tax-deductible. Donations to charities...

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  • November 18, 2022

Reminder to IRA owners age 70½ or over: Qualified charitable distributions are great options for making tax-free gifts to charity

WASHINGTON —The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans...

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  • November 17, 2022

Employers: beware of third parties promoting improper employee retention credit claims

Employers should be wary of third parties advising them to claim the employee retention credit when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit. These third...

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  • November 7, 2022

Not too much, not too little – taxpayers should check if their tax withholding is just right

There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There’s still time left in 2022 to make changes and see the benefit...

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  • November 2, 2022