What is a Fractional CFO?
If you run a small or medium-sized business, you are likely no stranger to outsourcing. You’ve probably worked with a marketing consultant, freelance graphic designer, or a contract web developer over the […]
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 […]
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 […]
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 […]
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 […]
Five Things High Income Earners Need to Know About Biden’s New Tax Proposal
We’ve read the whole proposal so you don’t have to, and pulled out the top 5 things high-income earners need to know. Let’s dive in… 1. Top Ordinary Income Tax Rate Ordinary […]
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 […]
2021 Tax Deadline Extension: What You Need To Know
Just this past Wednesday, March 17th, the due date to file your 2020 federal and California income tax returns filings was postponed to May 17th, from April 15th. This includes the filing […]