Jean's TAX TIPS - as seen in The Ely Echo, Ely Shopper & the Timberjay newspapers.
(Scroll down for helpful, timely tax tips for you and your family)
REMEMBER THE OCTOBER 15 DEADLINE IS RAPIDLY APPROACHING.
CLICK HERE FOR HELPFUL INFORMATION ON GETTING YOUR 2019 RETURN FILED NOW.
CLICK HERE for 6 helpful tips on starting your own business..
..Things you need to know.
Save your receipts. They might benefit you come tax time. For more information, CLICK HERE
What expenses qualify? Click here
Homeschooling?
Click here for more info
Avoid a tax time surprise! Unemployment benefits are taxable income. This includes the special unemployment compensation received under the COVID CARES ACT.
The IRS suggests making estimated payments or having taxes withheld from your benefits.
CLICK HERE TO LEARN HOW YOUR "I DO'S" MAY AFFECT YOUR TAX SITUATION.
You may be eligible for a significant MN tax credit. CLICK HERE to check out an informative YouTube video on this credit for MN service members.
AND THANK YOU FOR YOUR SERVICE.
SELF EMPLOYED?
Click here to visit the
Small Business Tax Center on the IRS website. It has LOTS of helpful information on starting, running and filing taxes for your business!
CLICK HERE AND TAKE THE GUESSWORK OUT OF PAYCHECK WITHHOLDING.
CLICK HERE TO LEARN MORE ON THE TAX IMPLICATIONS OF SELLING YOUR HOME.
NEED HELP WITH BOOKKEEPING?
PESHEL ACCOUNTING OFFERS PAYROLL AND BOOKKEEPING SERVICES, TAILORED TO YOUR NEEDS AT AFFORDABLE PRICES.
CALL TODAY FOR A FREE CONSULTATION.
218-365-2424
For the 2020-21 school year, you'll be using the 2018 tax return.
Use the IRS' Data Retrieval Tool to make the application process easier and more secure than before.
CLICK HERE to find out more.
Click here to visit the MN Dept of Revenue's new "Business Center", your one-stop shop, full of helpful resources and answers to your business tax questions.
Click here to visit the IRS' Business Center Tax site. Important, helpful information on both sites!
A VERY IMPORTANT FYI!
Are you getting unemployment?
Both regular unemployment and the additional $600 will be taxable in 2020.
Consider making estimated payments?
Give us a call. We can help.
WHERE'S MY REFUND?
Click here to see what MN state tax benefits you may be eligible for because of your service to our country.
AND click here to learn about tax benefits from the IRS.
And THANK YOU!
CLICK HERE TO FIND OUT ANSWERS TO GENERAL TAX QUESTIONS FOR BOTH BUSINESSES & INDIVIDUALS.
CLICK HERE FOR MANY TIPS AND HELPFUL ONLINE RESOURCES FROM THE IRS.
Click here to find out how to get a transcript of the information contained in the return.
Both the Federal govt and the state of MN have posters which must be displayed in a location where employees can see them.
All posters are easily downloaded and can fit on an 8-1/2 x 11 piece of paper.
For all the state of MN posters,
click here.
Visit the sites below for all the posters required by the US Federal Govt: