Hello Clients and Friends: The 2018 Tax Season officially began January 28th. I am ready to serve your tax preparation needs, so you may start sending your documents over at any time. Please take a moment to read the details below. Getting Your Documents To Me, Drop-Offs and Appointments CURRENT CLIENTS: In order to meet […]
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Hidden In Obamacare
I’ve curated the information below from various sources just to show the American tax payers some of the less know details of the Affordable Care Act, A.K.A “Obamacare”. I have not verified that these facts are actually legitimate, so you may want to research further on your own. Over 2000 pages of law is right […]
The 2018 Tax Season Has Begun!
Hello Clients and Friends The 2018 Tax Season officially began January 29th. I will officially begin working with clients on Thursday, February 1st, so you may start sending your documents over at any time. With all of the recent tax changes, your 2017 Client Tax Questionnaire is not yet ready. I will send it to you in the […]
Did You Pay Anyone More Than $600 in 2018? — Get your 1099-misc filed by 1/31
I’ve beat this topic to death in years past, so I won’t go into all the intricate details in this blog. So please… before you ask questions about Box 3 vs Box 7, please take time to read through questions from all of the *wishful thinking* people who have gone before you. You can find […]
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 […]