Once again our federal government has, in it’s infinite wisdom, added yet another form of required reporting for small business owners. This one is a purely administrative burden, but has a tremendous amount of pitfalls and penalties if not done timely and correctly. This is not a tax reporting, you can file the forms yourselves. I mainly want to bring the requirement to your attention because I have not heard much about it in general conversation, so many of you may not even know this is out there, but I have heard much about it in my tax world and it is something you are all subject to whether you are aware of it or not. It is something I can help you with or file on your behalf. That will be for you to decide once you have looked into it.

When it comes to managing your finances, especially in the complex realm of taxes, having the right guidance can make a world of difference. Whether you’re an individual seeking financial clarity or a business aiming for fiscal success, understanding the benefits of hiring a Certified Public Accountant (CPA) is essential. In this blog, I’ll walk you through the advantages of working with a CPA. Let’s delve into the world of financial expertise.

When it comes to managing your finances and ensuring that you navigate the complex world of taxes effectively, having the right support can make all the difference. Making informed tax decisions is crucial. In this blog, I’ll share compelling reasons why hiring a CPA is a smart move for anyone looking to make the most of their financial situation.

Starting a business is an exciting endeavor, but it can also be a challenging one. Whether you’re launching your startup in the bustling streets of Los Angeles or amidst the scenic beauty of Idaho, the journey is filled with twists and turns. As a Certified Public Accountant with over 35 years of experience, I understand the unique tax planning needs of individuals and businesses. In this blog, I’ll share valuable insights into why every startup, regardless of its location, can benefit immensely from the expertise of a business consultant.

Do you need a Certified Public Accountant (CPA) to help you navigate your taxes? Or receive some crucial advice on a major business move? If so, you will need to keep several aspects in mind when looking to hire a CPA. You will need to find a professional who is able to handle your annual tax returns, advise you on a wide range of financial issues, have extensive business knowledge, and so on. Also, they need to have the necessary skills and expertise to provide you the financial know-how that will help you to achieve success. So, to assist in identifying the right professional for your business needs, here’s a list of things to look for when hiring a Certified Public Accountant.

The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.

Original Article Source Credits:  Forbes Advisor, https://www.forbes.com

Article Written By:  David Rodeck, John Schmidt

Original Article Posted on:  Feb 18, 2021

Link to Original Article: https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes

Original Article Source Credits: Forbes, https://www.forbes.com

Article Written By:  Brian Thompson

Original Article Posted on:  Mar 4, 2021

Link to Original Article: https://www.forbes.com/sites/brianthompson1/2021/03/04/sba-substantially-increases-ppp-loan-amount-eligibility-for-new-schedule-c-borrowers/?sh=76f9a2365c23

Original Article Source Credits: IRS, https://www.irs.gov/

Article Written By: NA

Original Article Posted on: 27th January 2021

Link to Original Article: https://www.irs.gov/newsroom/important-reminders-before-filing-2020-tax-returns

The new covid relief bill clarified that borrowers who have loans forgiven may claim deductions for expenses even if expense were paid with loan amounts that were forgiven. This applies to all PPP loans.

Late last night the president did ultimately sign the covid relief bill, thereby creating the fix that was so highly anticipated.

Original Article Source Credits: Evergreen Small Business, https://evergreensmallbusiness.com/

Article Written By: Stephen Nelson

Original Article Posted on: 21st December 2020

Link to Original Article: https://evergreensmallbusiness.com/ppp-second-draw-loans/

Original Article Source Credits: Evergreen Small Business, https://evergreensmallbusiness.com/

Article Written By: Stephen Nelson

Original Article Posted on: 21st December 2020

Link to Original Article: https://evergreensmallbusiness.com/ppp-loan-amount-increases/

Original Article Source Credits:   ThinkAdvisor , https://www.thinkadvisor.com/

Article Written By:   Robert Bloink and William H. Byrnes 

Original Article Posted on:  October 27, 2020

Link to Original Article:  https://www.thinkadvisor.com/2020/10/27/ppp-loan-forgiveness-sba-offers-relief-for-small-loan-recipients/

Original Article Source Credits: California State Board of Equalization, https://www.boe.ca.gov/

Article Written By: NA

Original Article Posted on: NA

Link to Original Article: https://www.boe.ca.gov/prop19/?fbclid=IwAR3STkxYKFgrUXxRNNQL0su1mgW7zuCUIsHgcWcU1fzPlswfW0byNxKFuNE

We are delighted to announce the launch of our new website!

New Website Coming Soon! We are currently revamping our website. Our new website will be interactive and mobile friendly!