Wendy Klein CPA Professional Corporation | Posts tagged as "Tax Planning"

Biden Seeks to Expand Information Reporting on Cryptocurrencies
Author: Wendy Klein CPA Professional Corporation | May 21, 2021 | Categories: Accountant, Accounting Services, Bookkeeping Services, Business Consulting, Business Startup Services, Certified Public Accountant, CPA, CPA Firm, Cryptocurrency, QuickBooks ProAdvisor, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services, Trust and Estate Taxation, Virtual Currency Taxation
The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.
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How Is Cryptocurrency Taxed?
Author: External Author | Mar 17, 2021 | Categories: Accountant, Accounting Services, Certified Public Accountant, CPA Firm, Cryptocurrency, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services
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
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SBA Substantially Increases PPP Loan Amount Eligibility For New Schedule C Borrowers
Author: External Author | Mar 10, 2021 | Categories: Accountant, Bookkeeping Services, CPA, CPA Firm, Cryptocurrency, Tax Accountant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services
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
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8 Tax Tips for 2021
Author: External Author | Mar 03, 2021 | Categories: Tax Accountant, Tax Consultant, Tax Planning, Tax Preparation, Tax Services
Original Article Source Credits: CPA Practice Advisor , https://www.cpapracticeadvisor.com/
Article Written By: NA
Original Article Posted on: Jan 27th, 2021
Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21207772/8-tax-tips-for-2021
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Meet The Face Behind Wendy Klein CPA Professional Corporation
Author: Wendy Klein CPA Professional Corporation | Feb 12, 2021 | Categories: Bookkeeping Services, Tax Planning, Tax Services
I’m Wendy Klein, the proud owner of Wendy Klein CPA Professional Corporation. I look forward to sharing my story. I hope that you will enjoy getting to know me better.
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2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
Author: External Author | Feb 03, 2021 | Categories: Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: January 15, 2021
Link to Original Article: https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic
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EIDL grants are taxable to California
Author: External Author | Jan 28, 2021 | Categories: Accounting Services, Bookkeeping Services, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning
The FTB has just clarified that EIDL (Economic Injury Disaster Loan) advance grants are taxable to California. AB 1577 (Ch. 20-39) enacted a California exclusion for PPP loan forgiveness, essentially mirroring the federal exclusion adopted by the CARES Act. However, the federal exclusion for EIDL grants was enacted by the Consolidated Appropriations Act, which California has not conformed to. California would have to enact new legislation to conform to this exclusion.
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Cryptocurrency's value plummets. Here's what it means for your taxes
Author: External Author | Jan 27, 2021 | Categories: Tax Planner, Tax Planning, Tax Preparation, Tax Services
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Darla Mercado
Original Article Posted on: JAN 11 2021
Link to Original Article: https://www.cnbc.com/2021/01/11/cryptocurrencys-value-plummets-heres-what-it-means-for-your-taxes.html
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COVID-19 relief bill addresses key PPP issues
Author: External Author | Jan 20, 2021 | Categories: Accounting Services, Bookkeeping Services, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning
Original Article Source Credits: Journal Of Accountancy , https://www.journalofaccountancy.com/
Article Written By: Jeff Drew
Original Article Posted on: December 22, 2020
Link to Original Article: https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html
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Special PPP update for California taxpayers
Author: Wendy Klein CPA Professional Corporation | Jan 04, 2021 | Categories: Accountant, Accounting Services, Bookkeeping Services, Business Consulting, Business Startup Services, Certified Public Accountant, CPA, CPA Firm, Cryptocurrency, QuickBooks ProAdvisor, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services, Trust and Estate Taxation, Virtual Currency Taxation
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.
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Late last night the president did ultimately sign the covid relief bill
Author: Wendy Klein CPA Professional Corporation | Dec 29, 2020 | Categories: Accountant, Accounting Services, Bookkeeping Services, Business Consulting, Business Startup Services, Certified Public Accountant, CPA, CPA Firm, Cryptocurrency, QuickBooks ProAdvisor, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services, Trust and Estate Taxation, Virtual Currency Taxation
Late last night the president did ultimately sign the covid relief bill, thereby creating the fix that was so highly anticipated.
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PPP Loan Amount Increases
Author: External Author | Dec 24, 2020 | Categories: Accountant, Accounting Services, Bookkeeping Services, Certified Public Accountant, Tax Accountant, Tax Planning, Tax Services
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/
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PPP Loan Forgiveness: SBA Offers Relief for Small Loan Recipients
Author: External Author | Dec 23, 2020 | Categories: Accountant, Accounting Services, Business Consulting, Tax Accountant, Tax Consultant, Tax Planning
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/
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Here’s what you need to know for your 2020 taxes when reporting virtual currency to the IRS
Author: External Author | Dec 16, 2020 | Categories: Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Services
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Darla Mercado
Original Article Posted on: NOV 20 2020
Link to Original Article: https://www.cnbc.com/2020/11/20/heres-what-you-need-to-know-when-reporting-virtual-currency-to-the-irs.html
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7 Ways to Minimize Your 2020 Taxes by December 31st
Author: External Author | Dec 10, 2020 | Categories: Business Consulting, Tax Accountant, Tax Consultant, Tax Planning, Tax Preparation, Tax Services
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: MARK P. CUSSEN
Original Article Posted on: Nov 15, 2020
Link to Original Article: https://www.investopedia.com/ways-minimize-taxes-december-4230696
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2021 Tax Brackets and Other Tax Changes
Author: External Author | Dec 10, 2020 | Categories: Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Services
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: MICHELLE P. SCOTT
Original Article Posted on: Oct 29, 2020
Link to Original Article: https://www.investopedia.com/2021-tax-brackets-other-tax-changes-5084597
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The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act
Author: External Author | Dec 09, 2020 | Categories: Accountant, Accounting Services, Certified Public Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation
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
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Announcing The New Website
Author: Wendy Klein CPA Professional Corporation | Dec 01, 2020 | Categories: Accountant, Accounting Services, Bookkeeping Services, Business Consulting, Business Startup Services, Certified Public Accountant, CPA, CPA Firm, Cryptocurrency, QuickBooks ProAdvisor, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services, Trust and Estate Taxation, Virtual Currency Taxation
We are delighted to announce the launch of our new website!
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New Website Under Construction
Author: Wendy Klein CPA Professional Corporation | Nov 05, 2020 | Categories: Accountant, Accounting Services, Bookkeeping Services, Business Consulting, Business Startup Services, Certified Public Accountant, CPA, CPA Firm, Cryptocurrency, QuickBooks ProAdvisor, Tax Accountant, Tax Consultant, Tax Planner, Tax Planning, Tax Preparation, Tax Preparer, Tax Services, Trust and Estate Taxation, Virtual Currency Taxation
New Website Coming Soon! We are currently revamping our website. Our new website will be interactive and mobile friendly!
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