IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions

The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits […]

ARP

The American Rescue Plan Means More $$$ for Most Taxpayers

If you have been following the news, you know the new COVID relief plan should be signed by President Biden today. It’s called The American Rescue Plan. This plan not only includes another $1400 in stimulus payments for tax payers and their dependents, but it also includes other tax benefits for certain individuals applicable for […]

COVID Property Tax and Mortgage Relief for California Home Owners

Governor Newsom signed an executive order suspending penalties and interest for late property tax payments all the way until May 6, 2021.This relief, however, is not automatic. You actually must apply for relief through their county tax assessor, and only applies to people who pay their property tax directly to the county. If you use […]

California Health Insurance Mandate for Tax Year 2020

While it’s true the Federal government did away with the #HealthInsuranceMandate, California kept the show rolling with the California #HealthCareMandate effective tax year 2020. Beginning January 1, 2020, all California residents must either:(1) Have qualifying health insurance coverage, or (2) Obtain an exemption from the requirement to have coverage, or (3) Pay a penalty when […]

Time Needs a Gatekeeper

Soloprenures and Entrepreneurs: Stop wasting your time [video]

From CEOs to Soloprenures – We all need gatekeepers If you are really running a REAL business with the intention of making revenues, you SHOULD BE concerned about maximizing the use of your time. Often times customers do not understand the value of your time.  YOU must help them understand. In Anthony Parinello’s book, Secrets […]