It’s 1099 Time!

It’s 1099 season again! This means it’s time to prepare and send 1099s to all of your qualifying vendors. Who are you required to send a 1099? First, the general rule is that business owners must issue a Form 1099-MISC to each person to whom you have paid at least $600 in rents, services (including … Continued

How is the IRS protecting taxpayers from Identity Theft?

As we prepare for the quickly approaching 2016 tax season, the IRS continues to prepare and strengthen protections against identity theft and fraud. The project began earlier this year and joined forces with the states, leaders of private sector tax firms, and several national tax related organizations. The collaborative effort, called the Security Summit, has identified more than 20 data elements … Continued

Good Neighbors Federal Credit Union Crowdfunding Campaign

One in four people in the western neighborhoods of Buffalo (West Side, Black Rock, Riverside) don’t have access to basic financial services . That’s why the proposed Good Neighbors Federal Credit Union launched a crowdfunding campaign back in September; to provide basic financial services to people living on low incomes and people who don’t speak English at home. … Continued

Oct. 15 deadline for 2014 income tax-filling extensions

Millions of people received tax-filing extensions from the Internal Revenue Service to extend their due date beyond the April 15th. The pressure is on for those of you who still need to file your 2014 tax returns. Those returns need to be turned in by Thursday, October 15th. If this slipped your mind, or you just can’t stand … Continued