Category Archives: Business


New 20% Deduction for Business Owners! Do You Qualify? (Part 1 of 2)

14

Aug 2018

New 20% Deduction for Business Owners! Do You Qualify? (Part 1 of 2)

With the recent implementation of the new tax reform, the Tax Cuts and Jobs Act has left many taxpayers in the dark concerning many new major tax provisions. One of these provisions includes the new Qualified Business Income Deduction (QBI), which provides a 20% deduction for passthrough businesses with “qualified business income”. Sounds easy enough – but there’s more to it than that with questions…

Read More


Start Preparing For Next Year’s Tax Season

07

Jun 2018

Start Preparing For Next Year’s Tax Season

So, tax season is over and you’re feeling relieved. (We were swamped, so we are too!) But this doesn’t give you a free pass to forget about taxes until next year. Now is the most opportune time for an assortment of financial planning tasks that will better prepare you for next year. These tips will not only keep you more organized, but they will help…

Read More


Tips for Business Owners

10

May 2018

Tips for Business Owners

Being a small business owner takes a lot of energy, passion, perseverance, and thick skin. It’s not a job for the weak of heart. But as a business owner, you also need to understand different financial, operational, and marketing fundamentals in order to successfully return a profit and stimulate growth. We understand that most small business owners are not accounting or marketing experts, so we’ve…

Read More


Avoid Unnecessary Business Fees!

28

Feb 2018

Avoid 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…

Read More


Watch Out! 1099 Filing Penalties Aren’t Exactly Light

25

Jan 2018

Watch 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…

Read More


Your Business Deserves New Year’s Resolutions, Too!

10

Jan 2018

Your 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…

Read More


How Does The “Tax Cuts and Jobs Act” Affect You?

04

Jan 2018

How 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…

Read More


Gen Z’ers in the Workplace: A How-To Guide

15

Dec 2017

Gen 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…

Read More


4 Tasks Every Business Should Close Out the Year With

03

Nov 2017

4 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,…

Read More


Trump’s Proposed Tax Reform: What Does it Mean to You?

06

Oct 2017

Trump’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…

Read More



Page 1 of 512345