On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) became law. The SECURE Act is landmark legislation that affects the rules for creating and maintaining workplace retirement plans for all employers.  Whether you currently… Read More

Welcome to a new year and new decade!  With the turning of the year comes the resetting of tax filing deadlines.  First up are 2019 W-2s for employees and 1099s for independent contractor services, both due January 31, 2020.  California… Read More

It’s that time of year again! Time to execute on planning opportunities these final weeks of the year to minimize your business’s tax liabilities. We are closing in on the end of 2019, year two, under The Tax Cuts and… Read More

The 2017 Tax Cuts and Jobs Act enhanced federal tax deductions for the purchase or improvement of certain assets used in a business.  This article discusses changes to bonus depreciation and Section 179 asset expensing, as well as a refresher… Read More

Do you own a business organized as an LLC, sole proprietorship, partnership, S corporation, or any structure other than a C corporation?  If so, you may be able to claim a tax deduction of up to 20% of the business’s… Read More

While everyone is talking about the changes to federal tax law, what about California? California conforms to certain provisions of the Internal Revenue Code (IRC), and its most recent conformity date is January 1, 2015. After the enactment of the… Read More

If you own any investment, you’ve likely heard the word basis. It can be a complicated concept, but it boils down to one simple idea, namely what your economic interest is in an investment. For example, if you purchase stock… Read More

Properly accounting for your business activities can be just as confusing as it is important. The financial statements that you provide to us each year serve as our map to completing your business tax returns. Read on for tips on… Read More

Starting a new business is exciting, but understanding what comes next and staying on top of your “regulatory to-do list” can be challenging. Read on for a sample checklist and description of each task you should be aware of to… Read More

Depreciation is a powerful tax deduction.  For personal property used in a business—think equipment, computers, furniture, machinery etc.—current tax law allows for depreciation to be claimed at a very accelerated pace.  In many cases 100% of an asset’s cost can… Read More