News


The Breakdown: Payroll Wages & Taxes Edition

02

Aug 2019

The Breakdown: Payroll Wages & Taxes Edition

If you’re considering hiring employees, it’s critical that you understand the payroll tax obligations that you have as an employer. With all the confusion surrounding how payroll taxes works, failing to report taxes correctly can result in major issues with the IRS – so it’s worth it to have a basic understanding. But have no fear, this article is going to break down exactly what…

Read More


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


Are Retail Sales Helping or Hurting Your Business?

24

Aug 2016

Are Retail Sales Helping or Hurting Your Business?

Retail sales have been losing steam in recent months as Americans cut back on their retail spending, showing a growing moderation in consumption. More data indicated the biggest drop in producer prices recorded in almost a year, amongst decreasing costs for energy goods and services. With consumer spending decreasing and inflation stable, The Federal Reserve will probably keep interest rates where they’re at. July’s retail…

Read More


Everything You Need To Know About Foreign Investors

11

Feb 2016

Everything You Need To Know About Foreign Investors

Typically, a foreign investor, in the eyes of the IRS, includes both nonresident aliens and foreign corporations looking to promote capital formation, employment, and productivity in an environment that is both economically and politically robust. A foreign investor can establish a branch in the United States pretty easily, as long as they obtain a license to do so. They must comply with the applicable state…

Read More


Make the Most of Your Business Vehicle

04

Nov 2015

Make the Most of Your Business Vehicle

Do you use a vehicle to assist in running your business or are you thinking about doing so? There are many facts to consider when it comes to maximizing your tax credit. Read on to learn how you can make the most of your business vehicle! Will you be leasing or purchasing your vehicle? The biggest difference between leasing and purchasing your business vehicle is…

Read More


What is EMV and What Do I Need to Know?

05

Oct 2015

What is EMV and What Do I Need to Know?

We’ve discussed in previous articles how identify theft and fraudulent activity can make a huge impact on your financial security. To assist with this, EMV is now being introduced into the United States starting October 1st, 2015. So, what is EMV? EMV stands for “Europay, MasterCard, and Visa”. It is a credit card payment standard that utilizes a protective reader to protect your account and…

Read More


Use Tax: What Is It and What Do You Need to Know?

09

Sep 2015

Use Tax: What Is It and What Do You Need to Know?

The Board of Equalization has begun auditing California businesses on use tax. If you haven’t received a letter requesting you to complete, file, and provide supporting purchasing documentation for all business expenses- it’s not long until you do. Use tax is what you are required to pay if you make a purchase from an out-of-state business without being charged the California use tax. This is…

Read More