Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, [...]

By |2018-07-17T14:55:10+00:00July 17th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

How to avoid getting hit with payroll tax penalties

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under [...]

By |2018-07-10T16:04:38+00:00July 9th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

California Competes Tax Credit Deadline is Approaching

What it is and why you should act fast The high cost of doing business in California can be challenging. Lucky for California businesses, a tax incentive is available to businesses looking to come, stay or grow their operations [...]

By |2018-07-06T20:35:46+00:00July 6th, 2018|Categories: Blog, Monic Ramirez, Tax|Tags: , , |0 Comments

Does your business have to begin collecting sales tax on all out-of-state online sales?

You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news for brick-and-mortar retailers, who [...]

By |2018-07-02T12:44:08+00:00July 2nd, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. [...]

By |2018-06-25T20:05:28+00:00June 25th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

2018 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By |2018-06-18T13:09:02+00:00June 18th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

What businesses need to know about the tax treatment of bitcoin and other virtual currencies

Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin [...]

By |2018-06-04T12:37:52+00:00June 4th, 2018|Categories: Blog, Tax|Tags: , , |0 Comments

Research and Development in the Construction Industry

A construction company claiming a Research and Development (R&D) credit, really? That’s a common response many people have when they first hear about the R&D credit in relation to the construction industry. The reality is, a large number of [...]

Putting your child on your business’s payroll for the summer may make more tax sense than ever

If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring your child may make more sense than ever [...]

By |2018-07-10T17:51:26+00:00May 29th, 2018|Categories: Blog, Tax|Tags: , , , , |0 Comments

Is This Your Situation: Are You Starting Your Marriage on Solid Financial Footing?

Many couples would rather talk about sex expectations than financial expectations and arrangements. And that’s unfortunate, because studies show that money issues are the number one stresser in marriages. And when stepchildren are involved, money stress can become even [...]