FVS Insights
July 2021
July 2021
Message from President Josh Shilts As I thought about the content of this month’s newsletter, I decided that I wan...
Month: July 2021
Tax Insights
July 2021
July 2021
Message from President Josh Shilts Now is the time to start thinking about 2021 tax planning! Diligent planning is essen...
Backup withholding is a federal tax on income that otherwise typically doesn’t require tax withholding, such as 10...
Tax-related identity theft occurs when someone uses a taxpayer’s stolen personal information, such as a Social Sec...
Hobby activities are a source of income for many taxpayers. For instance, during the pandemic many people may have start...
With hurricane season in full swing, now is a good time to create or review emergency preparedness plans for surviving n...
Accounting involves a lot of repetition. You send invoices and receive payments and pay bills, over and over. Sometimes ...
July 12 Employees – who work for tips – If you received $20 or more in tips during June, report them to your...
It’s never too late to start, but the sooner you begin saving, the more time your money has to grow. Gains each ye...
While the Net Investment Income Tax (NIIT) tends to affect wealthier individuals most often, in certain circumstances, i...