drossandcross.com RSS Feed https://drossandcross.com/ Take a look at our recent blog posts and client newsletter articles. en-us Thu, 01 Jul 2021 09:00:00 -0500 Thu, 01 Jul 2021 09:00:00 -0500 What Is the Net Investment Income Tax? https://www.drossandcross.com/newsletter.php#5 The Net Investment Income Tax tends to affect wealthier individuals, but in certain circumstances, it can affect moderate-income taxpayers too. Thu, 01 Jul 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#5 Small Business: Understanding Payroll Expenses https://www.drossandcross.com/newsletter.php#2 Whether you're a small business owner who is just starting or one who has been in business for a while - ready to hire an employee or two - here is what you should know about withholding, reporting, and paying employment taxes. Thu, 01 Jul 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#2 Settling Tax Debt With an IRS Offer in Compromise https://www.drossandcross.com/newsletter.php#4 If you owe money to the IRS, an offer in compromise could be the answer. Thu, 01 Jul 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#4 Employee Relocation: What Happens to Your Home? https://www.drossandcross.com/newsletter.php#3 Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers. Thu, 01 Jul 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#3 Advance Child Tax Credit Payments Start This Month https://www.drossandcross.com/newsletter.php#1 More than 36 million American families may be eligible to receive monthly Child Tax Credit payments starting July 15, 2021. Here's what families need to know. Thu, 01 Jul 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#1 Does Your Small Business Need Project Management? https://www.drossandcross.com/newsletter.php#feed_1188

With the help of a project manager, your small company can accomplish its objectives on time and within budget by following sound project management practices.

The post Does Your Small Business Need Project Management? first appeared on www.financialhotspot.com. Wed, 30 Jun 2021 00:00:00 -0500 https://www.drossandcross.com/newsletter.php#feed_1188 Is It Better To Be a W2 Employee or 1099? https://www.drossandcross.com/newsletter.php#feed_1184

There are pros and cons to being either a W2 employee or a 1099 independent contractor. Find out more!

The post Is It Better To Be a W2 Employee or 1099? first appeared on www.financialhotspot.com. Wed, 23 Jun 2021 00:00:00 -0500 https://www.drossandcross.com/newsletter.php#feed_1184 Ways to Minimize Your Business Taxes https://www.drossandcross.com/newsletter.php#feed_1180

For your business to be successful it's important to keep up-to-date on all the different ways to minimize your taxes. Check out these tips~

The post Ways to Minimize Your Business Taxes first appeared on www.financialhotspot.com. Wed, 16 Jun 2021 00:00:00 -0500 https://www.drossandcross.com/newsletter.php#feed_1180 Frequently Asked Questions About Credit Cards https://www.drossandcross.com/newsletter.php#feed_1171

If you are considering signing up for a new credit card you probably have questions. Here are the top FAQs to help you decide. Read more!

The post Frequently Asked Questions About Credit Cards first appeared on www.financialhotspot.com. Wed, 09 Jun 2021 00:00:00 -0500 https://www.drossandcross.com/newsletter.php#feed_1171 What are Estimated Tax Payments? https://www.drossandcross.com/newsletter.php#5 Estimated tax is the tax paid on income not subject to withholding, such as income from self-employment, interest and dividends, rent, prizes and awards, and gains from the sale of assets. Tue, 01 Jun 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#5 Tips to Help You Figure Out if Your Gift is Taxable https://www.drossandcross.com/newsletter.php#3 If you've given money or property to someone as a gift, you may owe federal gift tax. There are, however, exceptions. Tue, 01 Jun 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#3 Tax Considerations When Selling Your Small Business https://www.drossandcross.com/newsletter.php#1 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is that without a tax planning strategy in place, you could be liable for capital gains and other taxes - leaving you with far less cash than you anticipated. Tue, 01 Jun 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#1 Expat Compliance With US Tax Filing Obligations https://www.drossandcross.com/newsletter.php#4 If you're an expat who has relinquished - or intends to relinquish - your US citizenship but still has US tax filing obligations (including owing back taxes), you'll be relieved to know there are IRS procedures in place that allow you to come into compliance and receive relief for any back taxes owed. Tue, 01 Jun 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#4 Changing Jobs? Don't Forget About Your 401(k) https://www.drossandcross.com/newsletter.php#2 One of the most important questions you face when changing jobs is what to do with the money in your 401(k) account. Making the wrong move could cost you thousands of dollars or more in taxes and lower returns. Tue, 01 Jun 2021 09:00:00 -0500 https://www.drossandcross.com/newsletter.php#2