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McGee Tax Service
Tax Prep, Bookkeeping, Payroll

Our Blog
An ongoing series of informational entries


Maximizing Efficiency: 5 Must-Know Bookkeeping Tips for Small Businesses
In the fast-paced world of business, accurate record-keeping is the cornerstone of financial success. For small businesses, efficient...
Aug 20, 2024


Beneficial Ownership Information (BOI) Reporting
Beneficial Ownership Information (BOI) Reporting is a requirement for many companies to report infor about the owner/s of the company.
Aug 16, 2024


What is the history of Independence Day?
The 4th of July, known as Independence Day, is commemorated in honor of the USA's declaration of independence. It marked the liberation...
Jul 4, 2024


Nevadans will make no less than $12 an hour starting July 1
Starting July 1, Nevadans will earn a minimum of $12 per hour, which is an increase from the previous minimum wage of $11.25 per hour, or...
Jul 1, 2024


How to Spot and Report Tax Scams and Fraudulent Messages
The IRS and its Security Summit partners remind you to watch out for a variety of aggressive schemes that may arrive in email, by text,...
Jul 1, 2024


"Understanding the Impact of the Pregnant Workers Fairness Act on Workplace Regulations"
The final rule for the Pregnant Workers Fairness Act (PWFA), which applies to employers with 15 or more employees, has been published and...
Jun 28, 2024


Deadline to file Form 941
The Q2 deadline to file Form 941 with the IRS is July 31, 2024. Is your business required to file Form 941 with the IRS quarterly to...
Jun 25, 2024


IRS announces tax relief for taxpayers impacted by tornado disaster in Ohio
The IRS has extended tax deadlines to September 3, 2024, for individuals and businesses affected by the tornadoes in Ohio. This relief...
May 31, 2024


"Understanding the Importance of Filing a BIO Report: What You Need to Know"
Beneficial Ownership Information (BOI) Reporting is a requirement for many companies to report information about the individuals who...
May 29, 2024


"How Will the Final Rule on Restoring and Extending Overtime Protections Impact Your Business?"
"How Will the Final Rule on Restoring and Extending Overtime Protections Impact Your Business?"
May 2, 2024


Have you filed your 941 quarterly report?
Deadline for filing the 941 quarterly form is approaching fast. It is only 7 days away Tuesday April 30.. IRS Form 941 — also known as...
Apr 23, 2024


Oct. 15 Reminder for Extension Filers
September 21, 2018 If you asked for an extension to file your tax return, remember the deadline to file your return is Oct. 15. Contact...
Oct 7, 2022


Tax Cuts and Jobs Act: Withholding Calculator
October 31, 2018 The IRS encourages several key groups of taxpayers to perform a “paycheck checkup” to check if they are having their...
Oct 7, 2022


Tax Cuts and Jobs Act: A comparison for businesses
October 31, 2018 The Tax Cuts and Jobs Act ("TCJA") changed deductions, depreciation, expensing, tax credits and other tax items that...
Oct 7, 2022


Tax Cuts and Jobs Act: New Form 1040, Filing Electronically and 2017 Adjusted Gross Income (AGI)
November 1, 2018 What You Need to Know: The Form 1040 for tax year 2018 is a shorter form and replaces the current Form 1040, Form 1040A...
Oct 7, 2022


Tax Cuts and Jobs Act: Withholding
November 3, 2018 What You Need to Know: Due to tax changes in the Tax Cuts and Jobs Act, many taxpayers’ withholding went down in early...
Oct 7, 2022


Surge in Email, Phishing and Malware Schemes
November 7, 2018 What You Need to Know: Phishing (as in “fishing for information”) is a scam where fraudsters send e-mail messages to...
Oct 7, 2022


Tax Cuts and Jobs Act: Child Tax and Other Dependent Credit
November 11, 2018 More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal...
Oct 7, 2022


Tax Cuts and Jobs Act: Changes to cash method of accounting for some businesses
November 15, 2018 The TCJA (Tax Cuts and Jobs Act) allows small business taxpayers with average annual gross receipts of $25 million or...
Oct 7, 2022


Tax Cuts and Jobs Act: Child Tax Credit and Credit for Other Dependents at a Glance
November 25, 2018 Child Tax Credit Beginning with Tax Year 2018, you may able to claim the Child Tax Credit if you have a qualifying...
Oct 7, 2022
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