Making Wise Financial Decisions: 6 Simple Steps
Money is a stressful and often emotional topic for a lot of us, which makes smart financial choices particularly difficult to make. And that doesn’t go away when trying to make wise […]
Business
3 Easy Tips to Increase Profit for Your Small Business
When starting a business, you often have very few overhead costs. Most of us start as a one-person show working from home, and the initial prices we set for our services are […]
COVID Relief Funds: CA Taxes & Loan Forgiveness
If you received COVID relief funds such as a PPP loan, an EIDL grant, Restaurant Relief Fund payments, or a Shuttered Venue Operation Grant, you are likely wondering if the payments are […]
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 […]
California PPP Rule Changes
The California General Assembly has sent AB 80 to the Governor, and he is expected to sign it. AB 80 generally conforms to the federal treatment of PPP loan forgiveness and EIDL […]
1099-NEC versus 1099-MISC
As the year draws to a close, it is a perfect time to prepare for the upcoming tax filing requirements. One type of tax form that is due sooner than usual is […]
The New COVID-19 Relief Bill: What You Need To Know
A $900 billion COVID-19 relief bill was just passed by both the House and Senate on Monday, December 21st. Although the bill now has to be signed by President Donald Trump before […]
Carried Interest: How It’s Changing
The Tax Cuts and Jobs Act of 2017 included Section 1061 which stated that certain taxpayers that hold profits interests in partnerships must satisfy a three-year holding period to qualify for preferential […]
Trump’s Payroll Tax Break: What You Need To Know
As you may recall, earlier last month (August 8), President Trump issued an executive order allowing employers to defer withholding and payment of a portion of their employees’ Social Security taxes if […]
Paycheck Protection Program Flexibility Act: New PPP Rules!
The Paycheck Protection Program Flexibility Act (PPPFA) was signed on June 5, 2020 and revises several rules, making qualifying for full loan forgiveness easier for many small businesses. Make sure you read […]
Five Ways Small Businesses Can Make a Big Impact During the Pandemic
During this scary and uncertain time, it can often be hard to find inspiration or know how to be of service. Worrying about finances, school, work, and our families can take a […]
PPP Loan Forgiveness Rules
With the first round of funding completed and the second round underway, several businesses have received their Paycheck Protection Program loans from the SBA. This article will guide you through the rules […]