Resources

The New 1099Ks Are Coming: Are You Ready?

September 5, 2022

A key provision of the American Rescue Plan Act passed in 2021 includes lowering the thresholds that trigger a Form 1099-K – Payment Card and Third-Party Network Transactions. This means businesses and individuals may receive…

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Business Tax Implications of the Inflation Reduction Act (IRA)

August 18, 2022

The House of Representatives passed The Inflation Reduction Act (IRA) Friday, August 12, and President Joe Biden signed into law August 16. The legislation, which is a pared-down version of the proposed Build Back Better…

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I Bonds Can Help You Tackle Inflation, But You Must Know the Rules

August 15, 2022

With inflation rates reaching historical highs and driving up the cost of doing business, business owners are seeking out creative ways to fight inflation. The Series I Savings Bond is one tool that’s been getting…

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How tax incentives can help construction firms offset inflation

August 15, 2022

Inflation rates are rising rapidly, and so are the anxiety levels of business owners.   For construction businesses, inflationary pressures are compounding the existing challenges of labor shortages, supply chain disruptions, and material cost increases. That…

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Are You Up to Date on Travel Deductions as Business Travel Returns?

July 13, 2022

Business travel is back.   COVID restrictions have eased, and in-person conferences are back on the calendar. And as more people return to offices, companies are warming to sending their employees on work trips.  For many…

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Don’t Overlook Cyber Insurance to Protect Cloud-Based Accounting

July 13, 2022

Technology has long made accounting easier, from the first adding machines to electronic spreadsheets to today’s cloud computing ecosystem. While recent advancements have allowed business owners and their accountants to collaborate efficiently from any location,…

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What to Do If You’re the Subject of a Sales Tax Audit (and 4 Steps to Avoid One)

July 13, 2022

After the U.S. Supreme Court’s 2017 decision in South Dakota vs. Wayfair, many states quickly enacted laws resembling South Dakota’s to collect sales tax on remote purchases.  While physical nexus remains the first consideration in…

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2022 Business mileage reimbursement

IRS Increases Mileage Rates Reimbursements for Second Half of 2022

June 14, 2022

The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide. The new rates to calculate the deductible costs…

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joint ventures in construction

Accounting for Joint Ventures: What’s Involved When Working With Multiple Construction Firms

June 14, 2022

Construction companies regularly pursue joint ventures to win larger contracts and manage bigger projects. In an economic downturn, they can be a useful option for companies that need additional resources and capital, want to share…

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Informed Project Forecasting Can Take the Sting Out of Inflation

June 10, 2022

Record levels of inflation are weighing on the construction industry when contractors are already feeling the squeeze from labor and supply shortages. According to Associated General Contractors analysis, contractors are seeing staggering increases in construction…

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We offer tax return preparation, financial statements, bookkeeping, consulting and a variety of other services for companies and individuals throughout the San Joaquin Valley and beyond.