California PPP Loan Conformity (sort of...)
After months of anticipation from our state legislature in Sacramento, Governor Newsom officially signed Assembly Bill No. 80 (AB 80)...
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David Hilliard
- Mar 29, 2021
- 2 min
The Top Story... IRS extends the filing deadline to May 17, 2021. Estimates still due on 4/15.
IR-2021-59, March 17, 2021 WASHINGTON — The Treasury Department and Internal Revenue Service announced that the federal income tax filing...
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Abel Segura
- Mar 15, 2021
- 2 min
The American Rescue Plan Act
The much-anticipated Coronavirus Relief-Act has finally been signed into law. Titled the American Rescue Plan Act, it provides relief in...
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Scott Grandfield
- Feb 23, 2021
- 2 min
COVID-19 Early Distribution Relief
So 2020 was quite a challenging year in many regards, part of which may have been getting your bills paid on time or to buy groceries. So...
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Scott Grandfield
- Feb 15, 2021
- 3 min
Selling Your Personal Residence
Selling your principal residence and excluding the gain (section 121 exclusion) seems to be pretty straightforward for many people when...
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Justin Carr
- Feb 8, 2021
- 2 min
Your iPhone Has Everything In It.
The more data your phone carries, the more its value shifts from being a fancy piece of technology to becoming a storehouse of knowledge...
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David Hilliard
- Jan 28, 2021
- 5 min
Navigating A Virtual Appointment...
Virtual appointments are something that we have been doing for many years. Long before Skype and Zoom we have been helping clients from...
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David Hilliard
- Jan 18, 2021
- 2 min
Refund Season- The Great Myth
When it comes to filing taxes, I predict that you either have a positive or negative outlook for the process. If it is the later, the...
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Aaron McLennan, EA
- Jan 14, 2021
- 4 min
An Oldie But a Goodie 1099-NEC
The IRS has gone into the archives and resurrected an old form that will be affecting business owners this tax filing season. It is form...
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Aaron McLennan, EA
- Dec 28, 2020
- 3 min
Better Late Than Never...
In the wee hours of the night Monday night, the House of Representatives recently passed the Consolidated Appropriations act of 2021 with...
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Scott Grandfield
- Dec 5, 2020
- 2 min
5 Key Things a Trustee Will Need to Prepare a Trust Return
TRUST DOCUMENT - One of the most important things is the trust document itself. This is the guiding instrument that will tell your preparer
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Bryan Dang
- Nov 29, 2020
- 3 min
Closing out the year in Bookkeeping
The end of the year for many business owners is quite hectic. From trying to balance a heavier volume of sales to spending time with family
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David Hilliard
- Nov 25, 2020
- 4 min
Three Tax Considerations of 2020
In March of 2020, the U.S. federal government signed into law The Coronavirus Aid, Relief and Economic Security Act. We now refer to it...
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Bryan Dang
- Oct 29, 2020
- 2 min
Productivity Hacks
As we continue during these troubling times, many will find being productive hard. Adjusting to your new schedule, working from home,...
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Justin Carr
- Oct 29, 2020
- 2 min
Beware of IRS Scams
1. Phishing: Taxpayers should be alert to potential fake emails or websites looking to steal personal information. The IRS will never...
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David Hilliard
- Oct 28, 2020
- 3 min
Does a Landlord Have to File Form 1099?
In the case of rental real estate, one of the most known and avoided aspects of tax law is the requirement to file 1099-MISC to report incom
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Scott Grandfield
- Sep 2, 2020
- 2 min
Your Tax Advisor is Best Friend Now More Than Tax Season
There are many of you out there who believe that come tax season, one of your best friends is your tax preparer. The reality is while...
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Richard Sanchez _GTBS
- Aug 27, 2020
- 3 min
5 Potential Pitfalls of not taking RMD's in 2020
With the ongoing COVID-19 crisis and tax law changes, what unforeseen financial and tax challenges are we headed for?
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Aaron McLennan, EA
- Aug 26, 2020
- 3 min
SMALL BUSINESS RESOURCES DURING COVID-19
During this pandemic, we are bombarded with bad news as it comes to unemployment record highs, business closures, and the major economic imp
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David Hilliard
- Aug 24, 2020
- 3 min
Tax Planning for 2020
In general, every tax plan starts with something called AGI, or Adjusted Gross Income. This is the pebble in the pond.
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