Blog

The latest in accounting, taxes and financial news and updates.

The New Centralized Revenue Opportunity System (CROS)

On May 7, 2018, The California Department of Tax and Fee Administration released a drastic update to the way their online services are accessed and used. The new system, Centralized Revenue Opportunity System (CROS), paves the way for future efficiency upgrades and...

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What You Need To know About the 2018 Tax Reform – Part I

Introduced in November 2017, the Tax Cuts and Jobs Act has made many important changes and updates to existing tax law for areas like the individual mandate, medical expense deductions, miscellaneous tax deductions, and much more. Given that these changes will be...

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Tips For Small Business Success

Whether you’re competing in an existing market or creating a whole new industry, you will no doubt face challenges as a small business owner. Starting a small business is a patchwork of sleepless nights, daring business moves, and other events that are not for the...

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2018 Small Business Stats Infographic

Small businesses are the driving force of our national and local economies. Through small businesses, game-changing ideas and concepts are brought to life. Even the big businesses started off as small businesses. If you're a small business owner, you should take great...

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Why It’s Time to Go Paperless

Woohoo! The stress and headaches of tax season are finally over! As you celebrate though, be careful not to trip over that stack of paperwork...or that one there...or there. During the fervor and chaos of tax season, you likely realized how much paperwork you had...

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How To Proactively Prepare for A Tax Audit

Audit. This word worries even the most meticulous business owner. When it comes to the IRS, the issue is usually never a simple one and almost always requires digging into the records of past years to substantiate a certain income or expense stated on a return. While...

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2018 Tax Reform Updates and How They Affect Your Business

The President recently signed the biggest tax reform law in over 30 years. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until then, we have some time to learn about the...

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Overlooked Tax Deductions for Small Businesses

Tax deductions can make all the difference when it comes to saving money for your small business. Here are some of the most overlooked tax deductions for small businesses. Startup Expenses Deduction It's possible that you could deduct your startup expenses for your...

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Top Business Tax Deductions

When you own your own business, you know how important it is to get as many tax deductions as possible. That's why we've created a list of the top 7 business tax deductions to save you the most money. Home Office Deduction If you work from a home office or work area...

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Unclaimed Refunds in California

Over $82 Million in Unclaimed Refunds in California The IRS has announced that there is currently some $950 Million in unclaimed income tax returns, $82,782,000 in the state of California alone. The IRS is still awaiting federal income tax returns from as many as 1...

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How to Stretch Your Refund

How You Use Your Refund is a State of Mind There are so many things you can do with what many people tend to view as a windfall from the government. But the truth is, it was always your money, you simply overpaid your taxes through regular deductions from your...

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Top IRS Scams

You Could be a Target Schemes to defraud U.S. Taxpayers continue to run rampant. And you could very easily be the next victim. The best way to combat this growing trend and protect your personal information and assets is to ensure you stay up to date on current fraud...

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How Your Church or Nonprofit Can Travel for Less

Your church or nonprofit organization may have big plans to help others here in the U.S. or abroad.  Travel is expensive and can deter a lot of people from committing to charitable ventures that help people in need.  Fortunately, if you are planning a trip where the...

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How to Maximize Nonprofit Contribution Deduction

There are a lot of tax codes surrounding charitable contributions Here are a few tips to keep in mind as you plan your nonprofit contributions this year: Choose who you are going to donate to carefully. Not all nonprofit qualify for. Do you research by going to the...

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