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Any accounting, business or tax advice contained in these articles, including attachments and enclosures, is not intended as a thorough,in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis.
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IRS Allows 100% Deduction For Certain Food, Beverages
Companies are getting a small break! IRS is temporarily letting businesses take a 100% deduction on food and beverages from restaurants. As you know,
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
Article Highlights Prior Filed Returns with Unemployment Income American Rescue Plan’s $10,200 Exclusion IRS Automatic Adjustment Refund Application When an Amended Return Might Be
Manage Your Payroll Tax Obligations
Any company with employees will have payroll tax obligations. Payroll personnel will typically be responsible for managing payroll tax liabilities and for filing the
Avoiding an IRS Tax Audit
Just 0.45 percent of taxpayers were audited in fiscal year 2019. Still, with taxes becoming more complicated every year, there is an even greater
Capital Gains Tax on Sale of Stocks
Apps like Robinhood make it easy for everyone to play the stock market. If you’re a retail investor who made money last year buying
New Automated Sales Tax Center
The new Sales Tax Center’s features include: Accounting Method The Automated Sales Tax (AST) center now displays your tax liability in either Accrual or
Small Business Update: American Rescue Plan Act
Everything you need to know about the American Rescue Plan Act and the Restaurant Revitalization Fund. On March 11, 2021, President Biden signed into
Governor Newsom Proposes 2021-22 State Budget
Prioritizes funding to get all Californians vaccinated, provides direct relief to Californians facing job loss and eviction, doubles down on supports to small businesses,
Tax Planning Includes Keeping Good Records
It’s January and tax season is right around the corner. For many people that means scrambling to collect receipts, mileage logs, and other tax-related
Starting a Home-Based Business
More than half of all businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their
