The New Tax Law will decrease taxes for most taxpayers

The New Tax Law will decrease taxes for most taxpayers. However, there is some “fine print” in the New Tax Law, that actually takes away deductions and tax credits that you may be expecting to receive for the coming tax season. Here are a few of the disappearing tax breaks: No more write-off for employee business expenses.  If you are an employee […]

Schedule C – What expenses go where for your business?

Let me state right up front… I straight copied this information from Mary953’s CAPS Blog Why?  Because, it’s THE BOMB!  Even though she provided these explanations several years ago, her descriptions are gold, and I never want to lose them! I also want you to know exactly where to find them when needed.  So, let […]

2018 Tax Reform on Business Meals & Entertainment – Mostly gone except…

Business meals and entertainment suffered a blow in the new 2018 tax reform bill… BUT if you’re serving meals or refreshments to prospects as part of a sales presentation that is open to the general public (meaning not just to your family and friends), the expense then qualifies as a “presentation” aka “promotional” expense, and […]

Worried about the 2018 Tax Changes?

So…. When I first heard about the tax bill changes, I admit, I became a little concerned. But the longer I thought about it, the more comfy I became. I’m neither Democratic nor Republican, so that affords me the option to NOT automatically take a side simply based on what the general population believes to […]

California Franchise Tax Board Information Directory

For as long as I can remember, it’s been near impossible to find the correct department to contact when California taxpayers have an issue with their income taxes.  That’s why I’m so happy to be able to share this new directory with you! CA FTB Information Directory provides a pretty exhaustive list of FTB phone […]

1099-Misc forms Must Be Filed by January 31st – Fines have Increased

Happy Tax Filing Season to my Small Business Owners,   This is just a friendly reminder that if you paid any person, vendor, or business order $600 or more throughout the entire year of 2016 for services performed, you are legally required to give them a 1099-misc form by January 31st, 2017.   The IRS […]

It’s Tax Time – What Do I Need?

You only do it once a year, so it can be difficult to remember what documents are needed.   If I’m your tax preparer, start with this one 2016 Client Tax Questionnaire Client Tax Questionnaire, and provide a copy of your social security card and your state issued identification. Next, do the following: FIRST – — Verify the […]

2016 Tax Season Begins!

Hello Clients and Friends The 2016 Tax Season officially begins on January 19. I will officially begin working with clients on Friday, January 22nd. You may start sending your documents over at any time.   In Addition To Your Normal Documents, Please Make Sure You Send: The attached questionnaire. Click here to download 2015 Client […]

2015 Affordable Care Act Open Enrollment Starts November 1st

Open Enrollment Period for Affordable Care Act insurance plans is November 1, 2015 – January 31, 2016. In ObamaCare TAX TALK here are some things you should expect to be different on your  2015 income tax return: The fee (penalty) for not having health coverage in 2016 will be the higher of these two amounts: […]

Is There a Fairer Tax System for America?

I’ve been a certified tax preparer since 2003, and the tax code has done nothing but get more complicated for everyone, less favorable for the low and middle class, and is down right unfair to people who actually saved for retirement via any tax-deferred savings account. The extreme poor, who benefit from the taxes we […]