Timely Financials-1

 Learning Center 


    4 min read

    How the Child Tax Credit will affect you in 2022

    Written by Kristen Grau on Jan 20, 2022

    Here’s how to claim the credit whether or not you received advance payments last year.

    Tax - Individual Recent Tax News
    6 min read

    Should I do my own bookkeeping?

    Reviewed by Erica Ortiz | Written on Jan 18, 2022

    It’s only a good idea to do your business’ bookkeeping if you don’t have many transactions each month. Otherwise, you should invest in hiring a bookkeeper.

    Accounting Running Your Business
    11 min read

    6 common tax return mistakes and how to fix them

    Reviewed by Sean DiMercurio CPA CGMA | Written on Jan 13, 2022

    You can fix your mistake by filing an amended return as soon as possible to avoid paying more in penalties.

    Tax - Individual Tax - Business
    6 min read

    Pros and cons of hiring a bookkeeper for your small business

    Reviewed by Erica Ortiz | Written on Jan 11, 2022 | Last updated on Jan 17, 2022

    Bookkeepers can help your business grow and stay organized. Learn about the pros and cons of bookkeepers before you hire one.

    Accounting Running Your Business
    4 min read

    New requirements for reporting income received through payment apps to take effect in 2022

    Written by Kristen Grau on Jan 11, 2022

    Payment apps like PayPal, Zelle and Venmo are required to report business transactions of $600 or more to the IRS starting this year. Here’s what small business owners need to know.

    Tax - Individual Recent Tax News
    9 min read

    How do tax extensions work?

    Reviewed by John Kirkland | Written on Jan 10, 2022 | Last updated on Jan 10, 2022

    Filing a tax extension is easy — and sometimes a better option than filing your tax return by the deadline. Individuals and business owners can both file a tax extension for several reasons.

    Tax - Individual Tax - Business
    12 min read

    How do I pay my taxes?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Jan 06, 2022

    Paying your federal taxes takes only a few minutes online. Here are the steps to take and where to go.

    Tax - Individual Tax - Business
    6 min read

    What is a registered agent and do I need to hire one?

    Reviewed by Sheila Malavet | Written on Jan 04, 2022

    Every LLC in Florida is required to have a registered agent. You can either be your own registered agent or hire a third-party to do it for you.

    Running Your Business Business Formation
    8 min read

    Should I issue a W-2 or a 1099?

    Reviewed by Sheila Malavet | Written on Dec 30, 2021

    W-2s go to employees while 1099s go to independent contractors. Here’s how you can tell the difference between them.

    Tax - Business Running Your Business
    Content not found