by Candy | Nov 13, 2020 | Business, Taxes
The IRS recently sent out a flurry of penalty notices to employers who they claim did not deposit adequate funds with their quarterly Form 941 filings. This has left many small business owners scrambling to find out what happened and decide how to remedy the...
by Candy | Nov 12, 2020 | Bookkeeping, Business, Featured, Shared, Taxes
Are you aware that there is a new 1099 form that must be filed in January 2021? That form is called the 1099-NEC. This form is for those who are paid non-employee compensation as independent contractors, or businesses that are paid $600 or more that are not a part of...
by Candy | Nov 5, 2020 | Business, Taxes
https://youtu.be/zVWFPrGpFCI As business owners, it is important to know what your tax liability would be before the filing deadline comes around as a bookkeeping company. I always recommend that my clients meet with their CPA’s to do tax planning before the end of...
by Candy | Oct 30, 2020 | Business, Featured, Taxes
Though their state already has the highest personal state income tax rate in the nation at 13.3 percent (beating the next closest state, Hawaii, by 2.3 percent), California legislators are considering an Assembly Bill which would raise the tax rate even higher....
by Candy | Oct 27, 2020 | About Us, Business, Featured, Software, Taxes
When it’s time to pay your company’s taxes, it’s natural to turn to a tax professional for help. Did you know that your bookkeeper can provide more than just data entry and reconciliations? Accounting professionals can also provide business insight reviews (BIRs)....
by Candy | Oct 20, 2020 | Business, Community, COVID-19, News, Taxes
With the possibility of a second wave of stimulus checks dwindling, President Donald Trump is looking to other methods to help the economy, including indexing capital gains taxes. Capital gains refers to the profit made in buying real estate or stocks at a lower...
