28
Feb 2018Avoid Unnecessary Business Fees!
Businesses have an earlier due date compared to individuals, so make sure you get those business returns filed right away! Deadlines Business tax returns are due March 15th, 2018, for both the IRS and California Franchise Tax Board (FTB). If you cannot file by that date, then you may file for an extension, which would be September 15th, 2018. (Keep in mind that this does…
02
Feb 2018Individual Tax Penalties And What You Can Do About Them
Tax season is finally here! Obviously, the goal is to avoid any and all tax penalties. But if you find yourself in a position where you can’t pay the entire amount you owe, here is what you need to know: Deadlines One of the most important deadlines to mark on your calendar is your individual tax return deadline. 2017 Tax due date: April 17, 2018*
25
Jan 2018Watch Out! 1099 Filing Penalties Aren’t Exactly Light
Lots of confusion has surrounded 1099s and who should be issued a 1099. Fortunately, this has been followed by many articles clearing up the fog. What we want to talk about in this article, however, are the fees and penalties for not filing 1099s, as well as some tips to avoid these problems in the future. The penalty rates have been unchanged for a while…
22
Jan 2018Tax Prep as Little as $45 for New(ish) Tax Filers!
Filing personal taxes isn’t everyone’s forte (especially if you’ve never done them before), but that’s why we’re here! If this is your first or second time filing taxes, we will do them for as low as $45. Current students can take advantage of this offer as well. To schedule an appointment today, call our office at (619) 358-9799 or email Alison at alison@paragonaccountants.com. We look…
10
Jan 2018Your Business Deserves New Year’s Resolutions, Too!
The new year is a time for reflection, gratitude, strategizing, and hope for a fruitful year. While taking the time to make plans to extend your personal growth is very important, your business needs the same type of thoughtfulness. From giving back to the community to reaching out to your employees, there is a wide range of activities your business can engage in to improve…
04
Jan 2018How Does The “Tax Cuts and Jobs Act” Affect You?
What does this new change in the American Tax Code mean to me? Out from all the ruckus has come out a solidified tax reform plan that goes into effect for tax year 2018. With the bill passed by both the Senate and the House, President Trump signed the “Tax Cuts and Jobs Act” into law on December 22. But do not be mistaken, this…
15
Dec 2017Gen Z’ers in the Workplace: A How-To Guide
There are unequivocal shifts in the workplace when a new generation joins the workforce. But instead of focusing on differences, we should welcome changes with open arms, as well as acknowledge that some of the changes may not be as big or bad as feared. New employees from younger generations may have a fresh take on inefficient procedures and revamp energy into aspects of your…
03
Nov 20174 Tasks Every Business Should Close Out the Year With
The end of the year is upon us, which means it’s that time again. ‘Tis the season to close your business’ books, get ready for tax filing, and plan for 2018. It’s not going to be as fun as your holiday party or watching the ball drop on New Year’s Eve, but if your accounting team is organized and most of your financials are up-to-date,…
06
Oct 2017Trump’s Proposed Tax Reform: What Does it Mean to You?
President Trump’s proposed tax plan, which was announced in April and called the “the biggest tax cut” ever by the U.S. National Economic Council Director, would take our country from having one of the highest corporate taxes in the developed world to one of the lowest. Here we lay out some changes focused specifically towards small businesses and individuals. For a full description of the…
14
Sep 2017Taking the Good With the Bad: Unemployment and New Home Sales at Record Lows
Unemployment Stats The United States economy and labor market continue their comeback, with the summer’s numbers better than expected. According to July’s report from the Bureau of Labor Statistics, May and July’s unemployment rates (4.3 percent) were the lowest since 2001 and 209,000 jobs were added in July alone, about 15 percent more than predicted. Thanks to businesses that have been able to hire, July…