Keeping your tax documents organized is a challenge, but it can not only make the tax filing season go smoothly, it can also reduce your company’s tax liability. Here are some tips to keep your business on track:
Is Your Business Profitable? Accounting 101
For most small businesses, your accounting needs are relatively simple. However, for most business owners accounting often is the least favorite part of a business. So, we are going to break down accounting to the bare essentials, so you can
Save Money by Hiring Your Child as an Employee of Your Business
If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).
2018 Tax Highlights Video
Video includes key information about the TCJA tax reform changes that will affect you in the upcoming tax season. The highlights consist mostly of the individual tax changes. Start collecting your documents now, so you’re ready to file taxes and
December 2018 Tax Newsletter
Charitable Giving Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To
2018 Year-End Tax Tips
Everyone wants to save money on their taxes, right? Well you’re not going to be able to do this unless you plan accordingly. To make the most of some tax deductions, you have to act before the year is over.
November 2018 Tax Newsletter
The New (and improved?) Form 1040 The new Form 1040 has been touted as a simple way for most people to file their income taxes on a page the size of a postcard. Is that really the case? Depending on
Tax Relief for Victims of Hurricane Michael
Extended filing and payment deadlines Hurricane Michael victims in parts of Florida and elsewhere have until Feb. 28, 2019, to file certain individual and business tax returns and make certain tax payments. The tax relief postpones various tax filing and
AB 626 – Homemade Food Operations Act
Exciting news for home based food businesses with the passage of AB-626 by Governor Brown in September. The new law has now made it permissible to sell food cooked from your home effective January 1, 2019, of course there are
Meals and Entertainment Expenses per TCJA Tax Reform
The IRS has issued Notice 2018-76, that provides guidance on the business expense deduction for meals and entertainment. This is in light of the Tax Cuts and Jobs Act (TCJA), which was supposed to eliminate deductions for expenses pertaining to