About ShawAssociates

This author has not yet filled in any details.
So far ShawAssociates has created 132 blog entries.

Will You Be Receiving a 1099-K Form? Here’s What Has Changed

If you are an independent contractor or small business that accepts payments through any third-party network — say you provide freelance services, sell art on Etsy, drive for Uber, deliver for DoorDash, or walk dogs through Wag — you will likely be receiving a 1099-K this year (even if you have not in previous years). [...]

By |2022-05-26T16:16:45-06:00May 26th, 2022|News|Comments Off on Will You Be Receiving a 1099-K Form? Here’s What Has Changed

Navigating Taxes for Self-Employed & Gig Workers

There is an increasing number of self-employed and freelance workers in the U.S. every day — in fact, the Bureau of Labor and Statistics projects there will be 103 million self-employed workers by 2026. If you are someone who conducts business as a sole proprietor or independent contractor, here’s what you need to know about [...]

By |2022-03-30T15:08:50-06:00March 30th, 2022|News|Comments Off on Navigating Taxes for Self-Employed & Gig Workers

How to Prepare for the 2022 Tax Filing Season

As of January 24, the 2022 tax filing season has officially begun. Here’s what you should do to prepare for filing this year before the April 18 deadline. Collect your documents In order for you or your tax preparer to file an accurate return, it’s important to collect all the necessary documents before filing. It [...]

By |2022-01-31T10:49:19-07:00January 27th, 2022|News|Comments Off on How to Prepare for the 2022 Tax Filing Season

Year-End Tax Tips: Business Deductions & Tax Reduction

Business deduction strategies Your goal should be to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are six powerful business tax-deduction [...]

By |2021-12-09T09:21:29-07:00December 9th, 2021|News|Comments Off on Year-End Tax Tips: Business Deductions & Tax Reduction

Year-End Tax Tips: Family, Marriage, & Stock Portfolio

The year is nearly over, and as we head into the final month of 2021 it can be helpful to review some year-end tax tips for your personal and family finances. The following guidelines may help you either increase the amount of your income tax return, increase possible deductions, or decrease/eliminate certain taxes. Marriage, kids, [...]

By |2021-12-07T14:41:52-07:00December 7th, 2021|News|Comments Off on Year-End Tax Tips: Family, Marriage, & Stock Portfolio

Prepare to Pay Taxes on Your NFL Sports Bet Winnings

The NFL season is upon us again, and a record high of 45.2 million Americans plan to place bets on this season’s results. If you are among them, it’s important to know what it means if you win — in other words, how much you’ll owe the IRS. All income is taxable, and sports bet [...]

By |2021-09-17T10:10:56-06:00September 17th, 2021|News|Comments Off on Prepare to Pay Taxes on Your NFL Sports Bet Winnings

Protecting Yourself from Tax Scams and Data Theft

Keeping your data and private information secure is important in every facet of life and business — and protecting your tax information is one of the most critical ways to help prevent data and identity theft. We want to make sure you are always well-equipped with best practices for safeguarding your data, taking proper security [...]

By |2021-08-26T09:39:57-06:00August 26th, 2021|News|Comments Off on Protecting Yourself from Tax Scams and Data Theft

Have You Set Up an Online IRS Account Yet?

Federal taxes have been around for over 100 years (since 1913), and the IRS has been around even longer (since way back in 1862). But that doesn’t mean managing your taxes needs to be an archaic process. To help you keep your taxes up to speed with the digital world, the IRS allows you to [...]

By |2021-07-29T15:36:46-06:00July 29th, 2021|News|Comments Off on Have You Set Up an Online IRS Account Yet?

Are You Subject to Backup Withholding? A Helpful Guide

There are various situations in which someone must issue a 1099 form to another party, one of the most common being a vendor offering services to another company. In other words, any independent contractor that is not included on company payroll. Other situations include paying interest on a private loan or dividends paid to shareholders [...]

By |2021-06-23T14:36:14-06:00June 23rd, 2021|News|Comments Off on Are You Subject to Backup Withholding? A Helpful Guide

Do You Have Kids? Important Changes to The Child Tax Credit You Need to Know

Many of you receive a child tax credit each year either as a reduction of taxes owed at the end of the year or as an increase in your refund amount. In 2021, there are several critical changes that have gone into effect that will impact both the way you receive this tax credit as [...]

By |2021-06-10T16:02:47-06:00June 9th, 2021|News|Comments Off on Do You Have Kids? Important Changes to The Child Tax Credit You Need to Know
Go to Top