UPDATED December 28, 2024 BOI Reporting Requirements on Hold Again Looks like the BOI reporting saga isn’t over yet. A new panel over at the U.S. Fifth Circuit Court of Appeals is taking a look at the lower court’s ruling that put the brakes on the whole beneficial ownership info reporting thing. (Texas Top Cop […]
This time of year we are busy meeting with taxpayers, business owners and real estate owners, and it is very interesting to hear their battle stories and predictions for the economy ahead. One common story that we hear, but more so this year, is that people are taking emergency money from their 401k’s and IRA’s […]
Like many people, I enjoy a good tradition. Whether it is a familiar tradition like the family vacation or nightly family dinners, One of our favorite Traditions is Naming the New Year. The New Year Name is chosen before the new year starts and will reflect important plans, challenges, obstacles, etc. ahead in the New […]
Get ready for tax season and meet your local business professionals at the highly anticipated Mammoth Business Mixer Professional Networking event. Whether you’re a seasoned entrepreneur, a budding startup owner, or simply curious about the world of business, this event is the perfect opportunity to make meaningful connections, gain valuable insights, and expand your network. […]
California Department of Tax and Fee Administration (“CDTFA”) updates and education events to help business owners successfully operate their business. Reminder, Businesses most report taxable gross receipt including money receive from sales before deducting COGS or Labor or Expenses unless there is a specific exception provided by tax laws. Have Questions about your Sales Tax? […]
Adoption Tax Benefits Taxpayers interested in the adoption process should be aware of tax benefits available for the 2022 tax year. Important, we will go through each of the following in more detail: Emloyer Adoption Assistance Your employer can provide up to $14,890 (2022 tax year) tax free adoption assistance. Adoption Tax Credit Taxpayers are […]
Tax Benefits For Education Expenses (deductions and credits)
Vacation Rental Traps If you are currently renting out your Primary or Secondary Home or using a Rental Property to vacation, then make sure that you are aware of all the tax rules and tax traps. Self-Employment Income Tax Trap typically rental income is not subject to Self-Employment Taxes. But if you provide any additional […]
FEBRUARY 1, 2023 Over the last several years, We have been hard at work developing our personal and Professional Network in the Eastern Sierras focusing on Mammoth Lakes and surrounding areas of Mono County and Inyo County. We had the pleasure of meeting some great businesses, individuals, trusts and nonprofit organizations and we were able […]
IMPORTANT REMINDER Tax Deadline is April 18, 2023. Normally the tax deadline is April 15th but this year Emancipation in Washington DC is April 16th (Sunday) so it will be celbrated Monday April 17th Imporant tax deadline can not fall on weekend or holiday so taxes for Individuals Taxes or Extensions are due April 18, […]