Uncategorized | Worth Tax

Things To Consider When Starting a Business

September 26, 2023 by Alex Franch

Explore business entity options (e.g., sole proprietorship, partnership, C-corp, S-corp, LLC) and their tax and liability aspects for startups.

Nvidia Wasn’t Born an AI Juggernaut, But It Certainly Did Become One

August 29, 2023 by Alex Franch

Learn how strategic partnerships, groundbreaking products, and a timely pivot propelled Nvidia to become an industry leader, supporting both gaming and AI technologies.

Tax and Bookkeeping Challenges That Come With the Gen Z Freelance Movement

The Gen Z Freelance Movement and the Tax and Bookkeeping Challenges That Come With It

May 24, 2023 by Alex Franch

Bookkeeping and especially taxes present significant challenges that people need to understand before choosing to go down this path moving forward.

Who Claims the Children’s Tax Benefits You or Your Ex-Spouse?

March 1, 2023 by Alex Franch

If you are a divorced or separated parent, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes.

How Biden’s Proposed American Families Plan Might Affect You

August 7, 2021June 24, 2021 by Alex Franch

President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an overview of what is included in the plan.

How to Create Recurring Transactions in QuickBooks Online

August 10, 2021March 3, 2021 by Alex Franch

When you’re doing dull, repetitive accounting work. That distraction leads to errors sometimes. So, besides the time you’re spending on work that could be automated, you have to tack on additional time to chase down your … Read More

Sold or Thinking of Selling Your Home?

August 10, 2021February 3, 2021 by Alex Franch

In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the National Association of Realtors. If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To help you prepare for reporting the sale you may have already made or make you aware of what issues you may face if you are in the “thinking about” stage, this article covers the tax basics and some special situations related to home sales and the home-sale gain exclusion.

Covid-19 Resource Guide: Taxpayers & Small Businesses

January 26, 2021April 13, 2020 by Alex Franch

Coronavirus Resource Guide for Business This Covid-19 Resource Guide for Business is to keep you up to date during the Covid-19 pandemic. Our goal to keep supporting the health, safety, and prosperity of our clients in … Read More

Massachusetts Tax Filing Deadline Extended

Massachusetts Extends the Tax Filing Deadline

March 27, 2020March 27, 2020 by Alex Franch

Massachusetts Extends the Tax Filing Deadline for 2019 Income Tax The announcement Massachussetts income tax filers have all have been waiting for has come through from Govenor Baker’s office. The deadline for tax filing in Massachusetts … Read More

Summer Time Child Care, Self Employed Teens and School Vacation

January 24, 2020May 24, 2019 by Alex Franch

It’s summer time already that means school vacations, child care and self employed teens. There are 2 summer events parents need to think about. That is childcare for your little ones and what teenagers need to do. These tips will help you manage the summer finances a little easier for you as parents. This article will also explain what teens who earn money from a summer job should do.