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

It’s time to implement Paid Family Leave!

As you may know, New York State has passed a law which requires covered employers to provide partially paid family leave to eligible employees beginning in January of 2018. Covered employers must obtain an insurance policy for Paid Family Leave coverage. The premium payments for this insurance policy are paid by employees via payroll deductions. … Continued

It’s time to do an End-of-Year Withholding Check-up

It’s always a good idea to take some time to review your withholding before the end of the year! Take a close look to make sure the right amount of tax is withheld now to avoid an unexpected tax bill next year. As always, if you have any questions or need help determining if your … Continued

Last-Minute Savings for 2016 Tax Year!

Attention last minute savers! There’s still time to reduce your tax burden for 2016. Have you funded a traditional IRA, Roth IRA, or SEP this year? The deadline for contributions to IRAs is April 18, 2017 — this year’s filing deadline. For self-employed taxpayers, contributions to a SEP may be postponed until October 16, 2017 … Continued

Important NEW Info on Form 1099s for 2016 Tax Year!

It’s 1099 Time! It’s that time of year again! As an Allen Street Consulting client, you have the benefit of having 1099 preparation experts at your fingertips! If you need to prepare and file 1099s, it’s easy for you, as long as you follow a few guidelines! If you’re a client currently receiving bookkeeping services from … Continued

We’re hiring! Bookkeeping associate

Bookkeeping associate (Allentown)   Rapidly growing consulting firm seeks full time experienced bookkeeper for diverse, interesting clients. Flexible hours, high quality of life, 32 – 40 hours per week.   * We are an Equal Opportunity Employer. All qualified humans are welcome to apply.   Let’s talk about you You take initiative and love to … Continued

Let’s Talk: Tax Time Security

In an ideal world, the only thing you would need to worry about during tax time is your taxes. But in a modern age, we need to think about the security of our personal information and identities as well. Although the IRS reports a 400 percent surge in phishing and malware incidents during the 2016 … Continued

Four Things to Know About Premium Tax Credit Advance Payments

Did you know you may be able to send your advance payments of your Premium Tax Credit directly to your insurer? First you’ll need to enroll in coverage through the Healthcare Marketplace by January 31, 2016. After that, you can choose to have your monthly advance credit payments sent to your insurer rather than to your bank account. You can also use the … Continued