Ever wondered what it really means to move into a higher tax bracket in California? Let’s break it down—because understanding how the state’s tax system works can help you make smarter financial […]
The IRS is stepping into the future—and AI is leading the charge. But as artificial intelligence becomes a bigger part of tax enforcement, the big question is: Is this a win for […]
If you’re juggling multiple side gigs—whether it’s freelancing, rideshare driving, or selling products online—accurately reporting your self-employed income is essential. Let’s break it down step by step so you’re prepared come tax […]
With rising uncertainty in the U.S. economy, now is the time to revisit a topic many business owners haven’t thought about in a while—recession readiness. During boom periods, especially with stimulus funds […]
Today is the Business Tax Filing Deadline for S-Corps and Partnerships! If you haven’t filed yet, make sure to file an extension today. Late Filing Penalty • $245 per owner per month. […]
When it comes to taxes, there’s nothing worse than being caught off guard by a penalty. One of the most common—and costly—issues taxpayers face is underestimated estimated tax penalties. In 2023, these […]
The IRS has officially announced the start date for the 2025 tax season! Mark your calendars and get ready because you can begin filing your tax returns starting January 27, 2025. This […]
As a Southern California business we are sending prayers and thoughts to our Southern California community and everyone experiencing the devastation of the wildfires. We are grateful to the brave and selfless […]
In response to the devastating wildfires that have swept through Los Angeles County, California is offering tax relief measures to affected residents and businesses. Governor Gavin Newsom announced that the California Franchise […]
California business owners, you’re going to want to pay attention to this important update. Starting January 1, 2025 businesses one or more employees “must participate in CalSavers if they do not already […]
The IRS is taking steps to help taxpayers by sending automatic payments to individuals who missed claiming the Recovery Rebate Credit on their 2021 tax returns. Here’s what you need to know: […]
As the end of 2024 approaches, it’s time for you to think about strategic tax planning. Don’t wait until tax season to optimize your deductions; many valuable moves need to be completed […]
