Mickele Nowden CPAFeb 35 minEntity selection - choosing your business typeWhen starting a business, you want to ensure you choose the type of entity that will serve you and your business best. There are many...
Mickele Nowden CPAJan 273 minWhy you should not own property in an S corpHolding property inside of a business is not a new concept, but there are things you want to keep in mind if you hold property inside a...
Mickele Nowden CPADec 16, 20213 minWhy hiring a qualified professional tax professional is important.Ever wonder why going to a tax professional costs more than preparing a return yourself or going to one of those big-box shops? Did you...
Mickele Nowden CPADec 7, 20211 minWho is on your financial team?Some roles will need multiple professionals; it is often helpful for your CPA to work with your financial planner/advisor when it comes...
Mickele Nowden CPAJun 8, 20212 minGlobal Economy and Foreign Reporting As we as a society get more and more global, taxes begin to get more complex. Take, for example, you have a relative, and they pass away...
Mickele Nowden CPAJun 7, 20211 minAdvance Child Tax Credit PaymentsNew for 2021: Advance Child Tax Credits will begin being processed by the IRS starting July 15th and will be paid monthly on the 15th...
Mickele Nowden CPAApr 13, 20212 minRetirement Planning – UpdatedChanges to retirement plans from Covid and states.
Mickele Nowden CPAApr 6, 20218 minBook Review: Profit First by Mike MichalowiczReview of the book "Profit First" by Mike Michalowicz
Mickele Nowden CPAJan 26, 20212 minSo, You Bought into Bitcoin (or Other Virtual Currency)Did you know that the IRS treats the use or sale of virtual currency like property instead of like cash? If you didn’t, you might be...
Mickele Nowden CPAJan 22, 20211 minNet Operating LossesThere are few things that I like more than Net Operating Losses (NOLs), but it seems that the love is not widely shared. When the TCJA...
Mickele Nowden CPAJan 22, 20211 minHelpful LinksW-4 - click here New 1099-NEC - click here IRS Withholding Calculator - click here CA Withholding Calculator - click here Blank W-9 -...
Mickele Nowden CPAJan 20, 20213 minPPP Loans, Key InformationYou got a PPP loan, so now what? When you applied for the loan, you were probably informed of the expense that the loan could be used to...
Mickele Nowden CPAJul 3, 20182 minCourt Ruling on Independent Contractors, Will Your Business Be Affected?Determining if a worker qualifies as an employee or independent contractor can sometimes be a difficult thing to do and deciding...
Mickele Nowden CPAJun 30, 20183 minTax Cuts and Jobs Act Individual Tax Changes (2018 Tax Reform)The Tax Cuts and Jobs Act (new law) has made some major changes to individual tax law. Unlike the business changes, many of the...
Mickele Nowden CPAJun 30, 20181 minNew Postcard 1040 Draft ReleasedThe IRS and Treasury Department released a draft version of the new postcard 1040 which combines the 3 former Form 1040s (1040, 1040A and...
Mickele Nowden CPAJun 30, 20182 minRetirement PlanningI have been reading several articles and listening to many audio books on retirement planning lately. According to studies, not planning...
Mickele Nowden CPAApr 28, 20182 minNew Lease Rules - A Short SummaryAs you may know the new FASB Accounting Standard Update or ASU 2016-02, Leases (Topic 842) (standard) is effective for public companies...
Mickele Nowden CPAApr 27, 20182 minTax Cuts and Jobs Act Business Tax Changes (2018 Tax Reform)The Tax Cuts and Jobs Act (new law) has made some major changes to business tax law. A lot of the changes were effective as of January...
Mickele Nowden CPAApr 27, 20181 minSan Francisco Sugary Drinks Tax Q1 Due 4/30/18If you are subject to the new "Sugary Drinks Tax" (or even if you are not) the first returns or opt outs are due on 4/30/18. You or your...