Updated July 11, 2020 The CARES Act created assistance for business owners struggling to pay to their employees during the shelter-in-place orders. Among other programs is the Payroll Tax Credit. It’s a significant tax break and we recommend taking advantage of it if you meet the criteria. The credit is one of several methods for…
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February 27, 2023 On Friday, February 24th the IRS announced a further extension of time to October 16th for most California individual and business taxpayers. Please click here to review the newest updates. January 12, 2023 On January 10th, the IRS has granted emergency relief for all taxpayers in various counties in California affected by…
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If you export a significant portion of goods overseas, you may be eligible for a significant tax incentive which Forbes has said: “sounds too good to be true.” In this post, I’ve outlined a few IC-DISC basics so you can determine whether it’s a strategy that might benefit you. Its purpose is to incentivize small…
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Have you considered investing in cryptocurrency but wonder what the tax ramifications will be? Although the IRS is still playing catch-up with crypto technology, they have issued some basic guidance (Notice 2014-21) which helps us answer this question. The IRS has ruled that cryptocurrencies are to be considered “property” for tax purposes, rather than “currency,”…
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We are happy to share that an anonymous donor has honored Robert Wiebe’s legacy with a $50,000 donation to establish the Robert Wiebe Accounting Scholarship at the Craig School of Business at California State University Fresno. The fund is open to additional contributions in memory of Robert and to help grow the local accounting field…
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Are you suddenly trying to figure out how to be successful while working remotely? Shortening your commute to just down the hall and trading the dress shoes for slippers might sound lovely but with it comes a unique set of challenges. It requires learning how to limit distractions and uphold productivity while maintaining work/life boundaries.…
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