Watson & Associates, CPA, PC

Benefits to Early Tax Prep

Posted on February 24, 2021February 24, 2021By Marketing

While you do not have to file your return until the due date, preparing your tax return early can have multiple benefits. … Read More >Benefits to Early Tax Prep

Last Call For 1099s

Posted on January 27, 2021January 27, 2021By Marketing

With the February 1st deadline rapidly approaching, today is the last day to send Watson & Associates, CPA your bookkeeping information to prepare your 2020 1099’s. … Read More >Last Call For 1099s

IRS Extends COVID Tax Credit for Certain Employers

Posted on January 26, 2021January 26, 2021By Marketing

The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. … Read More >IRS Extends COVID Tax Credit for Certain Employers

Start the year with a check on your withholding

Posted on January 22, 2021January 22, 2021By Marketing

Use the Tax Withholding Estimator to make sure you have the right amount of tax withheld from your paycheck. … Read More >Start the year with a check on your withholding

IRS Notice on deferred Social Security Taxes from 2020

Posted on January 20, 2021January 20, 2021By Marketing

The Internal Revenue Service today released Notice 2021-11 PDF addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. … Read More >IRS Notice on deferred Social Security Taxes from 2020

REMINDER – 1099s

Posted on January 13, 2021January 13, 2021By Marketing

An important reminder that you must send 1099s to any non-employees paid more than $600 in calendar year 2020. Note … Read MoreREMINDER – 1099s

New PPP Loan Applications Released

Posted on January 12, 2021January 11, 2021By Marketing

The US Small Business Administration published borrower loan applications for the latest round of Paycheck Protection Program (PPP) business loans. … Read MoreNew PPP Loan Applications Released