The Corporate Transparency Act

Navigating the Corporate Transparency Act: What Business Owners Need to Know

November 20, 2023

The imminent enforcement of the Corporate Transparency Act (CTA) is a critical turning point that demands immediate attention from business owners to avoid severe penalties. Ultimately, business owners need to understand that it’s the business…

Read More
ERC Halt

Employee Retention Credit (ERC) Claims: Important Update for Business Owners

October 18, 2023

As of Sept. 14, 2023, the Internal Revenue Service (IRS) announced an immediate halt to the processing of new claims for the Employee Retention Credit (ERC) program. This decision is effective until at least the…

Read More
Digital Asset Reporting

Digital Asset Reporting for Business Owners: Navigating the Proposed IRS Guidelines

September 10, 2023

The Internal Revenue Service (IRS) unveiled proposed guidelines on Digital Asset Reporting, highlighting the mandatory reporting requirements for digital assets, from cryptocurrencies to non-fungible tokens (NFTs). This move comes in tandem with the exponential growth…

Read More

Demystifying Inherited IRAs and Navigating the RMD Maze

August 31, 2023

Inheritance brings its own set of challenges. Within the vast world of financial legacies, inherited Individual Retirement Accounts (IRAs) stand out thanks to their annual withdrawal requirements, also known as Required Minimum Distributions (RMDs). With…

Read More

Navigating the Tax Implications of Remote Work: An Essential Guide for Business Owners

July 28, 2023

As we increasingly embrace the post-pandemic era, the world of work has undergone a significant shift. Many companies have opted for remote work models, dispersing employees across various states and countries. However, while beneficial in…

Read More

Navigating Changes in Bonus Depreciation: Maximizing Tax Savings for Small Business Owners

June 19, 2023

As a small business owner, staying informed about the ever-evolving tax landscape is crucial to optimize your financial strategies. In particular, understanding the changes in bonus depreciation can significantly impact your tax savings. This article…

Read More

Claiming the Employee Retention Credit: A Comprehensive Guide to Deadlines, Scams, and the Importance of Qualified Advisors

June 5, 2023

As businesses continue to grapple with the financial aftershocks of the COVID-19 pandemic, one beacon of relief remains within reach: the Employee Retention Credit (ERC). This tax credit, designed to support businesses that have kept…

Read More

3 Strategies for 2023 to Reduce Your Tax Burden

May 22, 2023

As we approach the halfway point of 2023, it’s the perfect opportunity to evaluate your business tax planning and determine ways to decrease your tax burden. Employing the right strategies can reduce your taxes, optimize…

Read More

Common Control Entities and Lease Accounting Methods

April 23, 2023

The new lease accounting methods have been an important topic for businesses over the last few years. Determining if an enforceable lease exists is an integral part of Topic 842 that affects how and what…

Read More

The Top 12 Tax Scams to Avoid According to the IRS

April 23, 2023

Fraud. Scam. Phishing. Regardless of what you call these illicit activities, it’s important to protect yourself against the bad players that take advantage of weaknesses for their gain. Not only is it inconvenient, but there’s…

Read More

How can we help you?

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.