Free Credit Reports You can check your credit report for free annually (once for each of the three major credit reporting agencies). However, due to the pandemic, you are… Click To Read More "Free Credit Reports – Delano Sherley"
Bitcoin, Ethereum, and Dogecoin…. Oh My! Every day new reports come out about the pros and cons of cryptocurrency. The accessibility to purchase virtual currency is now easier than ever… Click To Read More "Bitcoin, Ethereum, and Dogecoin… Oh My! – Delano Sherley"
Do you need to amend your 2020 return? Congress amended the tax code in March to exempt $10,200 ($20,400 for a couple) of unemployment from taxable income (only for those… Click To Read More "Columnist Archives – Accounting And Tax"
Here Come the Stimulus Checks firstname.lastname@example.org Last month the latest COVID relief package was signed into law. For those that qualified, most have already received the stimulus check by now… Click To Read More "Columnist Forum – Accounting and Tax – Delano Sherley"
Delano Sherley Local income taxes Many cities impose a local income tax that is based upon where a person either lives or works. How these taxes are calculated varies from… Click To Read More "Issue 31-4 – Columnist Forum – Delano Sherley – Local Income Taxes"
2021 Trends A recent article listed the following trends emerging in 2021: many in ministry will move from full-time to bi-vocational status. There will be more baby boomers than children… Click To Read More "Issue 31-3 – Columnist Forum – Delano Sherley – 2021 Trends"
Each year, the amount of money stolen from churches exceeds what churches give to missions. Let than sink in. 30% of churches are the victim of fraud/embezzlement each year. Most… Click To Read More "Fraud"
Historically, when you have paid $600 or more during a year to a nonemployee, you were required to file Form 1099-MISC (using box 7) by January 31 of the following… Click To Read More "Form 1099-NEC or Form 1099-MISC"
Tax Law Changes Here are changes to the tax code that were part of the CARES Act: If you were impacted by Covid-19 you can make an early withdrawal from a… Click To Read More "Delano Sherley – Tax Law Changes"
Still The Same Much has been written regarding the CARES Act and the PPP loan & EIDL programs. I have updated the original summary of these programs on our website… Click To Read More "Delano Sherley – Still The Same"
Tax Refunds 75% of Americans received a refund last year, with an average refund of $2,881. You’ve heard it before but let me remind you – getting a refund is… Click To Read More "Delano Sherley – Tax Refunds"
Parking Tax Repealed – by Delano Sherley In late 2018, we wrote about a new tax that churches had to pay on certain fringe benefits, including parking provided to employees.… Click To Read More "Parking Tax Repealed – Delano Sherley"