Contractors into Employees? AB 5 and What it’s About The new California AB 5 law is somewhat troubling to both (a) employers, and (b) independent contractors, for the following reasons: · Employers who hire independent contractors save on Social Security taxes, Medicare taxes, employment taxes, unemployment taxes, and paid vacation and other time off, and can …
Does California’s AB 5 Turn Your Contractors into Employees? Read More »
More Relief: Retirement Account Required Minimum Distribution Rules Suspended for 2020 The $2 trillion COVID-19 economic recovery bill finally made it through Congress and was signed into law by President Donald Trump on March 27. The legislation is titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). It’s a daunting 880 pages long, …
COVID-19: CARES Act Allows $100,000 Tax-Free IRA Grab and Repay Read More »
COVID-19: Significant Payroll and Self-Employment Tax Relief for Businesses If you own your business or are self-employed, payroll taxes and self-employment taxes are likely two of your biggest tax burdens. As a result of the COVID-19 pandemic, individuals and business all over are suffering. Congress is going into overdrive to help you individually and …
COVID-19: Significant Payroll and Self-Employment Tax Relief for Businesses Read More »
As a result of the COVID-19 pandemic, Congress is doing what it can to help you and your business survive financially. Congress has decided to use the tax law to get cash to those who need it most as quickly as possible. The Corona virus Aid, Relief, and Economic Security Act (CARES Act), just passed …
COVID-19: Important Tax Breaks from the CARES Act Read More »
The COVID-19 pandemic has put a halt to all normal aspects of life around the world, including the world of business here in the U.S. If your business is struggling, like many in the United States are. You may be able to get some help from the federal Small Business Administration (SBA), which is authorized …
COVID-19: New SBA Loans for Small Businesses—Maybe a Great Deal Read More »
What Does the Per Diem Expense Option do to Business Owners? When you run your own business, it’s important and safe to make sure that record keeping is one of the many administrative priorities you handle. This is why the idea of a set-dollar travel per diem may seem very appealing. Instead of tracking …
What Does the Per Diem Expense Option do to Business Owners? Read More »
Why Use Donations on Church or Charity? You Should Use Your Business As a result of The Tax Cuts and Jobs Act (TCJA), it is now harder to benefit from your donations. Imagine you donate $10,000 to a church, school, or other 501(c)(3) charity: 1. Will you get a tax deduction—in other words, will …
Why Use Donations on Church or Charity? You Should Use Your Business Read More »
20 Questions to ask to Evaluate Your CPA Firm Business owners, at many times are unable to differentiate one CPA firm from another other. The only way is usually by price, and that is never a great gauge. Even more so they cannot be able to evaluate their current CPA relationship. We have developed …
