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A Guide To Form 990 For Tax-Exempt Organizations

What is Form 990? Although many nonprofit organizations are exempt from paying federal taxes, the IRS requires tax-exempt organizations to file Form 990 for informational purposes. The IRS uses this informational return to determine whether you're still exempt from...

5 Critical Tax Tips For Nonprofits in 2019

No one enjoys filing taxes, but it can be especially problematic for nonprofits. Many nonprofits focus on their cause so much that they neglect proper organization. As a result, they deal with disorganized records and systems, and a lack of clarity around tax issues....

THE SMART BUSINESS OWNER’S LIST OF TAX DEDUCTIONS

For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

Overlooked Tax Deductions for Small Businesses

Reading Time: 2 minutesTax 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...

Top Business Tax Deductions

Reading Time: 2 minutesWhen 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...

A Brief History of Taxes in America

Reading Time: 4 minutes“Taxes are what we pay for a civilized society.” Oliver Wendell Holmes As long as people have been forming communities, people have been paying taxes. In fact, taxes are an essential component of any thriving civilization. Taxes provide the...

What do Taxes do for me?

Reading Time: 2 minutesNo one likes paying taxes, but it is not like we have an option. Well, we could just not pay… go off the grid, live in the mountains, and grow our own food, but this is not a viable option for most but, everyone has to do it anyway. So if we...

The Importance of planning ahead for a successful tax season

Reading Time: 2 minutesFor a lot of people, April 15th is a day filled with more fear and anxiety than Friday the 13th, April fool’s Day and Halloween combined. When you know a big tax bill is coming it is difficult to think about anything else. Our taxes go towards...

Tax Time Stress and how to manage

Reading Time: < 1 minuteTax time can be very stressful and not just for the people preparing the returns. Positive coping mechanisms are one method that people use to deal with the increased tax time stress. According to the Mayo Clinic, stress can effect you in...