FJ-Associates-IndividualTax Banner

Tax Education Home Page

The education you can't find anywhere else

Stay up to date on the latest finance & tax changes 

Avoiding surprises as a business owner is crucial to ensure you have a successful business. The same goes for managing your personal finances. By subscribing to our blog and newsletter you get the latest updates on the world of finance and taxes. Additionally, by visiting our main topic categories below you can educate yourself on the various topics regarding tax education, personal finance, and business ownership. 

Why you should subscribe

  • Simple clear articles on relevant topics
  • How to improve your business
  • Dispelling financial myths
  • Important updates & tax deadlines

Missy Dennis

Missy Dennis
Missy is a Partner at FJ & Associates, PLLC. She has over nine years of public accounting experience. Her public accounting experience has included tax, consulting and audit, with experience in a variety of industries such as low-income housing tax credits and non-profit accounting and small tax preparation. Missy is a licensed certified public accountant in the State of Utah.

Recent Posts

July 15 Deadline for Reporting Foreign Income

Posted by Missy Dennis on Jul 8, 2020 8:14:00 AM

If you live or work outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. Due to the coronavirus pandemic, people who live and work abroad have until Wednesday, July 15, 2020, to file their 2019 federal income tax return and pay any tax due. The deadline is normally June 15.

Read More

Topics: Personal Finance, Taxes, Tax Return, Tax Preparation

Avoid These Common Errors When Filing a Tax Return

Posted by Missy Dennis on Jun 16, 2020 8:09:00 AM

When filing a tax return, mistakes such as the common errors listed below can result in a processing delay - and increase the amount of time it takes to receive a tax refund. Using a reputable tax preparer such as a certified public accountant, enrolled agent or another knowledgeable tax professional is usually the best way to avoid this. With this in mind, here are eight of the most common errors taxpayers make when filing their returns:

Read More

Topics: Taxes, Tax Return, Tax Preparation

Small Business: Tax Consequences of Crowdfunding

Posted by Missy Dennis on May 28, 2020 8:26:00 AM

With the onset of the coronavirus pandemic, crowdfunding websites such as Kickstarter and GoFundMe have become an increasingly popular way for small business owners to stay afloat. The upside is that it's often possible to raise the cash you need; the downside is that the IRS considers that money taxable income. Let's take a closer look at how crowdfunding works and how it could affect your tax situation.

Read More

Topics: Taxable Income, Business Ownership, Taxes, Small Business

Employee Retention Credit Could Help Your Business

Posted by Missy Dennis on May 19, 2020 8:11:00 AM

Businesses that have been impacted financially by COVID-19 may be able to take advantage of a new, refundable tax credit called the Employee Retention Credit. The credit is designed to encourage businesses to keep employees on their payroll and is worth 50 percent of qualifying wages up to $10,000 that are paid by an eligible employer.

Read More

Topics: Business Ownership, Taxes, Tax Credit, Small Business, Business Expenses

Relief for Other Coronavirus-related Tax Issues

Posted by Missy Dennis on Apr 21, 2020 8:16:00 AM

Relief for taxpayers facing the challenges of COVID-19-related tax issues is now available through the IRS People First initiative. The projected start date will be April 1 and the effort will initially run through July 15, 2020. During this period, to the maximum extent possible, in-person contact will be avoided; however, the IRS will continue to take steps where necessary to protect all applicable statutes of limitations.

Read More

Topics: Taxes, Tax Return

CARES Act: Information for Individual Taxpayers

Posted by Missy Dennis on Apr 9, 2020 8:07:00 AM

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus pandemic. These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals.

Read More

Topics: Personal Finance, Taxes, Tax Credit, Tax Return

New Rules for Depreciation and Expensing

Posted by Missy Dennis on Apr 2, 2020 8:23:00 AM

As part of final guidance issued that pertains to the Tax Cuts and Jobs Act of 2017, new rules and limitations are in effect for taxpayers who deduct depreciation for qualified property acquired and placed in service after September 27, 2017, and, as a business owner, they could affect your tax situation. Let's take a closer look:

Read More

Topics: Business Ownership, Taxes, Managing Your Tax Liability, Small Business

Tax Extenders, Retirement Plan Changes, and Repeals

Posted by Missy Dennis on Mar 6, 2020 8:10:00 AM

The Further Consolidated Appropriations Act, 2020, signed into law on December 20, 2019, extended a number of expired tax provisions for business and individuals through 2020. It also included several retirement plan changes and repealed three health care taxes. Here's what you need to know:

Read More

Topics: Business Ownership, Personal Finance, Taxes, Retirement, Tax Return, Tax Preparation

Claiming an Elderly Parent or Relative as a Dependent

Posted by Missy Dennis on Feb 26, 2020 8:23:00 AM

Are you taking care of an elderly parent or relative? Whether it's driving to doctor appointments, paying for nursing home care or medical expenses, or handling their personal finances, dealing with an elderly parent or relative can be emotionally and financially draining, especially when you are taking care of your own family as well.

Read More

Topics: Taxes, Tax Credit

ACA Reporting Requirements for Employers

Posted by Missy Dennis on Feb 19, 2020 7:51:00 AM

The health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are the employer shared responsibility provisions and the employer information reporting provisions for offers of minimum essential coverage.

Read More

Topics: Business Ownership, Taxes, Tax Credit, Small Business, Tax Return