Blog

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

Employees, Check Your Withholdings

Hey, employees, in light of the Tax Cuts & Job Act, there are many tax changes that have taken place (for more information, see this article). In particular, the changes to tax credits and deductions will have an impact on your taxes this year. Although you usually...

read more

IRS Providing Tax Relief for California Wildfire Victims

Fires have ravaged various counties throughout Northern California since July 23, leaving the lives of many businesses and residents destroyed with sometimes no warning. Because of the widespread destruction, President Trump declared a state of emergency which allows...

read more

5 Ways to Keep Your Data and Privacy Safe Online

2018 has been the year of data breaches and new scams. It seems as though a new company comes out every day with news of an internal or external data breach and an apology. While hackers and scammers are nothing new, it seems that they are more determined than ever to...

read more

The Most Deceptive IRS Tax Scams in 2018

It seems that tax fraud and scams have no off-season. At all times of the year, a smooth and convincing scam artist may call you and inform you of an IRS repayment due immediately or of a tax audit with your name on it. Understandably cooperative and a bit fearful,...

read more

Hitting the Books With QuickBooks

As a small business owner, getting your finances in order is a big part of your success. Being able to recognize areas of improvement, assess profits and losses, and implement good billing systems are just some of the things you will have to do in order to build or...

read more

The New 1040 Tax Form

Toward the end of June, the IRS released the first public draft of the newly formatted federal tax return. Trimming the federal tax return from about 79 lines to 23 lines, the IRS seeks to replace the 1040 tax form variations like the 1040A and 1040EZ with this new...

read more

Sales Tax For Online Services & Shopping

On June 21st, the United States Supreme Court decided the case of South Dakota v. Wayfair, Inc. and its decision will have a large effect on ecommerce industries. The purpose of the case was to reconsider the current laws regarding the taxation of online businesses...

read more

Sales Tax for Services? California’s deciding today.

SB 993 - The "Sales Tax" for Services Today, the Senate’s Governance and Finance Committee will make a decision on whether or not to impose a sales tax on services provided to California businesses. Contained within Senate Bill 993 (SB 993), this sales tax on services...

read more

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

Over the past couple of weeks, we have reviewed specific tax law updates that will be taking place now that the 2017 Tax Cuts & Jobs Act was enacted last November. In this week’s post, we are concluding that theme and are discussing the other tax changes that are...

read more

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

Last week, we discussed five specific changes that are occurring due to the passage of the 2017 Tax Cuts & Jobs Act. In this week’s post, we are continuing that theme and highlighting five other updates that are included in this tax reform. Our goal is to make you...

read more

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...

read more

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...

read more

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...

read more