“I don’t file a tax return, how do I get my COVID-19 stimulus payment?” This question applies to folks who have an income lower than required for filing, including individuals experiencing homelessness.  If this is you, you are still entitled to those payments from the federal government. At this time, the IRS has closed its […]

As we get further into tax season, I’m seeing more clients with EIDL loans.  I’m also seeing folks not having or understanding all of the information about these loans, so here are the basics: The EIDL loan proceeds are intended to pay for your normal operating costs of doing business to keep you open & […]

[updated 3/22/2022] Cryptocurrency / virtual currency tax reporting – FAQ We are seeing a lot more of our clients with virtual currency transactions recently, so we’ve put together this FAQ to assist with tax reporting of these transactions. All I did was buy cryptos, do I need to report anything? Yes. Your tax return includes […]

If you have access to more than one account in your portal (e.g. a personal and business account), please select the correct account for each uploaded document. When uploading, use the middle drop down menu to select the correct account. In the following example Samantha Jones has two accounts with us — her personal account […]

Do you need a worksheet to turn in with your tax info? You are always welcome to contact our office and request that we email you a worksheet.   admin@thrivebusinessgroup.com  or (360) 746-8738. Or, you can download the needed worksheet below: Rental Worksheet 2020 Vehicle Worksheet 2020 Schedule C Worksheet 2020 Home Office Worksheet 2020 Home Office […]

  On December 21, 2020 the House & Senate passed a new round of COVID-relief legislation, which was signed into law on December 27, 2020.  Below are the primary updates that apply to many of our clients.  Please note that this is not comprehensive (the bill is over 5,000 pages long!) and we are waiting […]