Entries by Kuberneo CPA Editor

Florida expands new-hire reporting requirements—including independent contractors—for all employers

If you’re not even sure what an independent contractor is, you’re not alone! The IRS has a longstanding tradition of sending confusing messages to taxpayers. This is especially true when it comes to determining exactly what constitutes an independent contractor as well as the respective reporting requirements. Now it seems that Florida has joined their […]

Federal Tax Withholding–Refund Zero!

We have a fun game we like to play with our own personal tax returns. It’s called Refund Zero! The idea is to try to set our federal tax withholding so accurately that when we file our personal tax return, we end up with a refund as close to $0 as possible. To date, no […]

Show me the money!

“Where’s my refund?”  We get this question a lot, and rightfully so. After giving the IRS an interest-free loan by over-withholding federal tax, it’s not unexpected that taxpayers want to know the status of their refunds. Fortunately, taxpayers can now check on their refund using the Where’s My Refund? tool. It is available on IRS.gov […]

What I Need to Know BEFORE Preparing My Taxes

January 31st is right around the corner. If you’re an employee, you should receive your W2 soon. Or, if you are an independent contractor, one or more 1099s should likewise arrive. (If you’re an employer, remember that W2/W3 and 1099/1096 filings are due soon, too!) Receiving a W2 or 1099 usually triggers most of us […]

What I Need to Know BEFORE Filing for PPP Forgiveness

Regardless of our individual situations, I think we can all agree that 2020 proved to be a remarkable year! Now that we’re in 2021, we begin to turn our attention to 2020’s impact on this year. For many of us, that might include applying for forgiveness on the PPP loans we obtained. If you haven’t […]

Tax Considerations for At-Home Workers

COVID-19 has created an unusual working environment this year. It began with forced shutdowns, leaving many employees furloughed or out of a job altogether. It has since developed into an accepted culture of at-home employees, Zoom meetings, and other ad hoc solutions. Gig economy workers may have been ahead of the game on working from […]

PPP Good News, Bad News

The introduction of PPP loans provided a dose of good news and a welcome reprieve for thousands of business owners this year. In this unprecedented crisis full of unknowns, this economic stimulus gave many businesses the shot in the arm they needed to pay their employees and keep moving forward. Even better news arrived when […]

Helpful Links Related to COVID-19

Even before this strange season we find ourselves in, KuberneoCPA has sought to provide assistance and helpful resources to our clients. When the COVID-19 crisis first began, we quickly established our resource center. As the volume of resources has grown, we thought it might be useful to aggregate a few of the links we’ve shared […]

Fintech Companies Provide PPP Loan Options

As a small business ourselves, we understand many of the the difficulties COVID-19 has presented, many of which are financial. Gratefully, the government’s response to the coronavirus pandemic has included providing financial aid to small businesses. One of the most well-known and highly-utilized mechanisms is the Payroll Protection Program (PPP), which helps small businesses secure […]