When starting a business, you want to ensure you choose the type of entity that will serve you and your business best. There are many...

Holding 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...

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...

Some roles will need multiple professionals; it is often helpful for your CPA to work with your financial planner/advisor when it comes...

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...

New for 2021: Advance Child Tax Credits will begin being processed by the IRS starting July 15th and will be paid monthly on the 15th...

Changes to retirement plans from Covid and states.

Review of the book "Profit First" by Mike Michalowicz

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...

There 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...

W-4 - click here New 1099-NEC - click here IRS Withholding Calculator - click here CA Withholding Calculator - click here Blank W-9 -...

You 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...

Determining if a worker qualifies as an employee or independent contractor can sometimes be a difficult thing to do and deciding...

The Tax Cuts and Jobs Act (new law) has made some major changes to individual tax law. Unlike the business changes, many of the...

The IRS and Treasury Department released a draft version of the new postcard 1040 which combines the 3 former Form 1040s (1040, 1040A and...

I have been reading several articles and listening to many audio books on retirement planning lately. According to studies, not planning...

As you may know the new FASB Accounting Standard Update or ASU 2016-02, Leases (Topic 842) (standard) is effective for public companies...

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...

If 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...