How To Know If You Qualify for Employee Retention Credit
If you retained employees through COVID shutdowns, your business could be eligible for a tax refund of up to $26k per employee for tax years 2020 and 2021. Not only is it […]
Tax Advice
What Is The Difference Between A Tax Credit And Deduction?
When it comes to taxes, many people get confused about the difference between a tax credit and a tax deduction. While they may seem similar, they actually have different effects on your […]
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 […]
Retirement and Tax Benefits Under The SECURE 2.0 ACT
We wanted to help you navigate the Retirement and Tax Benefits under the SECURE 2.0 ACT and give you everything you need to know regarding the topic. When did these changes occur? […]
When Can I Expect My 2023 IRS Refund?
If you’re expecting a refund then you’re most likely a taxpayer who is excited to be filing your taxes and should listen up! When will the IRS begin accepting individual tax returns? […]
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 […]
What Happens if I Get Audited and Don’t Have Receipts?
You just received a Notice of Audit from the IRS, only to realize that you don’t have your receipts anymore. What do you do? In this post, we cover how to handle […]
2022 Tax Calendar: Federal and California Deadlines
There are numerous due dates to remember during tax season and throughout the year. No one wants to miss a deadline, so we’ve compiled a 2022 tax filing calendar to make it […]
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 […]
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 […]