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Practical guidance on tax, audit defense, bookkeeping, and compliance from our CPA team.
The Essential Countdown to Tax Deadline: Navigating 1099s and Beyond With Expert Guidance
Deadlines for Forms 940, 941, 1099-NEC and 1099-MISC, why accuracy matters as much as timing, and how to plan around the dates that actually bind you.
What is Kiddie Tax and How to Avoid It?
The kiddie tax charges a child's unearned income at the parent's rate above a threshold. Which income counts, the age tests, and filing Form 8615.
Navigating Tax Relief: Empowering Businesses in Challenging Times
Individual notices, business liabilities and payroll tax exposure: how a CPA-led review of your position turns IRS problems into a workable plan.
Evaluating Investments
Five financial concepts behind a sound investment decision, starting with depreciation, and what each one reveals about an asset's real future worth.
Why Small Businesses Are Choosing Health Savings Accounts (HSA)?
An HSA offers a deductible contribution, tax-free growth and tax-free medical withdrawals. The high-deductible plan rules that decide who is eligible.
IRC Section 179 Expensing: Maximizing Your Tax Deductions
Section 179 deducts qualifying equipment in the year it is placed in service. Which property counts, how the limits work, and the phase-out threshold.
529 Education Savings Plans
How a 529 education savings plan works: qualified expenses, tax treatment, contribution and gifting rules, and what to weigh before you open one.
Individual Tax Planning, 2023
Timing income and deductions is where individual tax planning pays. Brackets, the 3.8% net investment surtax, the AMT, and the December 31 cutoff.
Your Guide to Business Tax Planning, 2023
Your entity type drives your tax bill. Sole proprietorship, partnership, S corp, C corp and LLC compared, and how each choice compounds over time.
Section 199A Tax Deduction Strategies: Key Details For Taxpayers
Section 199A gives pass-through owners a 20% deduction on qualified business income. The income thresholds, and the strategies for staying under them.
IRS Accountable Plan for Expense Reimbursement: Rules & Importance
Without an accountable plan, expense reimbursements become taxable W-2 wages. The business connection, substantiation and excess-return requirements.
Selling Business as Asset Sale: Maximizing Tax Savings
Buyers want an asset sale for the stepped-up basis; sellers usually do not. How to identify the assets, set fair market values, and limit the tax hit.
Qualified Opportunity Fund Investment: All You Need to Know
A Qualified Opportunity Fund defers capital gains through investment in distressed census tracts. The 90% asset test, and how a zone gets designated.
California Winter Storms Tax Extension: Everything You Need To Know
The IRS moved 2023 filing and payment deadlines to October 16 for storm-hit California counties. Who qualified, and which returns the relief covered.
An Exclusive Guide to Navigating California Cannabis Dispensary Tax [For Owners]
California cannabis dispensary tax explained: IRC section 280E, cost of goods sold, entity structure, and separating business lines correctly.
Demystifying Tax Deductions for a US Charity with Overseas Operations
A US charity can fund work abroad and stay deductible, but only with control and discretion over the funds. Earmarking limits and reporting duties.
California EV Tax Credit: Accelerating Clean Energy Transition
California's EV tax credit and the Clean Vehicle Rebate Project: qualifying vehicle types, the agency that administers it, and what buyers can claim.
Settling Old Balances with the FTB: How to Pay Your Dues and Avoid Penalties
Owe the Franchise Tax Board from an earlier year? Why balances arise, how to review your account, and the payment plan and settlement routes available.
SOS Sends Delinquency Notice for Failure to File Form SI-550 – Missed Deadline
A delinquency notice for Form SI-550 puts your California corporation's good standing at risk. How to file late, pay penalties, and avoid suspension.
Utilizing Internal Management Accounting Reports to Boost Business Profitability [Expert Guide]
Budget versus actual and the cash flow forecast are the reports that change decisions. How to read each one, and what it tells you about your margin.
Per Diem in the Trucking Industry
Per diem allowances cut workers compensation premiums and payroll cost for carriers paying company drivers. How the arrangement works, and its limits.
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