Dominguez Accounting's Blog

Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Save Time By Memorizing Transactions in QuickBooks

Accounting involves a lot of repetition. You send invoices and receive payments and pay bills, over and over. Sometimes they're similar enough every month that you'd swear you already processed them.…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Tips for Taxpayers With Hobby Income

Hobby activities are a source of income for many taxpayers. For instance, during the pandemic many people may have started making handmade items and selling them for a profit. As a reminder, this inc…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Small Business: Understanding Payroll Expenses

Federal law requires most employers to withhold federal taxes from their employees' wages. Whether you're a small business owner who is just starting or one who has been in business for a while - rea…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Advance Child Tax Credit Payments Start This Month

The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

How to Protect Your Data in QuickBooks

After the unprecedented year we've just experienced, the last thing you need is to have your accounting data compromised or stolen. It would be impossible to reconstruct your QuickBooks file from scr…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Changing Jobs? Don't Forget About Your 401(k)

One of the most important questions you face when changing job is what to do with the money in your 401(k) because making the wrong move could cost you thousands of dollars or more in taxes and lower…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

What are Estimated Tax Payments?

Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, and rent and gains from the sale of …
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Tips for Students with a Summer Job

If your child is a student with a summer job, your child's income over the summer is considered taxable income. Here's what they should know: Form W-4. When anyone gets a new job, they need t…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

How to Check the Status of Your Tax Refund

Taxpayers can start checking their tax refund status within 24 hours after receiving an e-filed return. The easiest and most convenient way to do this is by using the Where's My Refund? Tool on the I…
Dominguez Accounting
(503) 509-9817
5/5 based on 5 Reviews

Five Tax Tips for Older Americans

Everyone wants to save money on their taxes, and older Americans are no exception. If you're age 50 or older, here are five tax tips that could help you do just that. 1. Standard Deduction for Sen…