Skip to content

122 answers

One-minute answer

Which Tax Laws Affect You?

Small business & self-employed

And I forgot to tell some people, and I realized when I was doing taxes that one of the things that changed in 2021 is that we had…

Listen

One-minute answer

What Is Employee Retention Credit?

Bookkeeping & payroll

Employee retention credit. I've talked about this for the last couple of years, it has to do with employers that had employees that worked through the pandemic actually…

Listen

One-minute answer

Putting Money Away For Retirement

Retirement & Social Security

As an entrepreneur I think one of the hardest things that most of us think about is retirement, putting money aside for that day that we might not…

Listen

One-minute answer

All Individuals Who File Partnerships

Deadlines & filing

And this is for all individuals to file partnerships. That would be 1065 limited liabilities with multi members, corporations, sub S corporations, not 1120s but all of you…

Listen

One-minute answer

New Tax Forms and Schedules

Deductions & credits

If you're doing your own taxes, you may have found a couple of new forms. In 2021 partnerships and S corporations have a couple of new schedules, we…

Listen

One-minute answer

The Qualified Business Income Deduction

Deductions & credits

QBI. We've talked about it a lot. It's section 199 A, and this has been on the books since 2018. But it has made it much easier for…

Listen

One-minute answer

Misclassified Workers Remain a Priority for the IRS

Bookkeeping & payroll

Misclassified workers remain a priority for the IRS. They now have their own division within the IRS trying to identify misclassified workers. The reason is firms are trying…

Listen

Ask Dr. Friday

Have a tax question of your own?

Send it in. Questions may be answered on an upcoming episode or video, first name only.

Send Dr. Friday a message

Tell us a little about what you need and we will get back to you quickly.

Book Dr. Friday for your event

Share the date, audience, and topic you have in mind. We will respond as quickly as possible.

Please give us as many details as possible about your event, and any questions that you may have for Dr. Friday. We will respond as quickly as possible. Thank you!

Try “IRS letter”, “1099”, “home office”, or “bookkeeping”.