$1 Spent in Your Business Isn’t $1 Saved on Taxes
Just because something is a business expense, doesn’t mean it’s free money. The goal in every business should be to keep your money, not spend it. Spending money to save it on […]
How to Pay Yourself as a Business Owner – Owner Distribution, Guaranteed Payments or Salary?
Wondering how you should pay yourself? Well, with IRS requirements, sometimes it can be confusing on how to actually give yourself your hard earned money. We have everything you need to know […]
New IRS Tax Extension For California Storm Victims
After the recent storms in California, the Federal Emergency Management Agency declared that individuals and businesses that were affected by the storms now qualify for an extension on various tax returns. The […]
What You Need To Know About The Child And Dependent Care Tax Credit
Are you a working parent trying to balance the cost of childcare with your income? The Child and Dependent Care Tax Credit may be able to help. The credit is designed to […]
How is Cryptocurrency taxed?
So you’ve made some money in cryptocurrency! Congrats! Now, unfortunately, you’ve gotta pay taxes on that gain. Today, I’m going to break down how cryptocurrency is taxes and how to prepare for […]
How to Avoid a Tax Audit & 6 IRS Audit Red Flags
At Paragon Accountants, we are frequently asked how to avoid an IRS audit. While no one can guarantee they won’t be audited by the IRS, it’s a valid concern as tax audits […]
Are Tax Refunds Delayed in 2022? Tips to Get Your Refund Faster
It’s tax time again. You’re probably wondering if tax refunds are delayed in 2022 and when you will receive your check or direct deposit from the IRS. And you likely haven’t forgotten last […]
SALT Cap Workaround FAQ: Everything You Need to Know
If you are a high-income earner with a pass-through business entity, the new SALT cap workaround associated with California’s AB 150 Small Business Relief Act may be useful to you this tax […]
Top 10 Red Flags That Trigger An Audit
Let’s face it, none of us ever want to hear the words “IRS audit”. The good news is that the odds of being audited by the IRS are at the lowest levels […]
Spending Your Tax Refund
Simple tips on how you should really be spending this wonderful influx of cash… Ok, so we’re a little behind on this one San Diego… and your tax refund is probably long gone and […]
Common Qualities of the Rich & Powerful
Tips, Tricks, and Habits That Will Help You Get to the Top! It’s pretty safe to say that people in San Diego, as well as every other part of the world, that […]