Category Archives: Tax & Financial Services

What’s better than a Memorial Day sale? How about a discount on your 2022 California business income taxes?

Q:  What’s better than a Memorial Day sale? A:  A day at the beach?  The...

Business Meals Are Deductible at 100%: Until December 31, 2022

As part of the Taxpayer Certainty and Disaster Relief Act of 2020, the Treasury Department...

FASB Votes Against Extending the Lease Accounting Standard Due Date

Private Companies and Non-Profits Must Comply by Original Deadline. The Financial Accounting Standards Board FASB rejected...

ERC Employee Retention Credit REPEALED for Q4 – Don’t Panic!

Introduction You have probably heard that the Infrastructure Investment and Jobs Act signed into law...

Eliminate the ‘SALT’ Deduction Cap?

What does SALT stand for, and what are the Pros and Cons? SALT is an...

Real Estate Investors and Owners may be eligible for Energy-Efficient Home Tax Credit

Section 45L Energy-Efficient Home Tax Credit Extended to December 31, 2021 The 45L tax credit...

PPP Part XVI – Happy Fourth of July! Both Fireworks and Deadlines Approach!

Wow!  Can you believe it’s been over 15 months since the CARES Act was passed? ...

PPP Part XV – AB 80 and California’s Taxation of PPP Loan Forgiveness

Is PPP Loan Forgiveness Taxable in California? Governor Newsom just signed Assembly Bill 80, California’s...

What to Expect Your CPA to Do for You & Your Business

What does a CPA do for you? The “P” in CPA Should Stand for Proactive....

FEDERAL and CALIFORNIA 2020 Tax Filing and Payment Deadlines EXTENDED until MAY 17, 2021 for INDIVIDUALS ONLY

NOTE: Estimated taxes are still due on April 15, 2021 The extension is AUTOMATIC FOR...

How to Increase and Project Cash Flow

Why Cash Is “King” and Projecting Cash Flow is “Emperor”.  It is crucial these days...

PPP Part XIV – A Quick Update: IRS Issues Additional ERC Guidance

A Quick Update: IRS Issues Additional ERC Guidance As we went to press on Monday...

PPP Part XIV – Happy Saint Patrick’s Day! It’s About Much More Than Just PPP Forgiveness Now: Employee Retention Credit eligibility

More Than Just PPP Forgiveness Now: Employee Retention Credit eligibility It has only been 65...

Tax-Free Payments to Employees to Cover COVID-19 Expenses Are Deductible

Often-Overlooked IRS Section 139 Provides Relief Can we deduct COVID-19-related expenses used to help our...

Part XIII – PPP Loans Rounds 1 And 2: Happy New Year! Items For Your To Do List.

PPP Loans Rounds 1 And 2: When we last wrote, Congress had just passed the...