Blog

News & Educational Information
Subscribe to this blog to stay informed of the most current tax news and educational financial information. We post at least once a month so you can be up to speed on the latest news and information.
10 reasons the IRS might flag you for an Audit

10 reasons the IRS might flag you for an Audit

IRS Tax audit is one of the most feared things in business. The fact is that the probability of being audited for a median household income in the US dropped to less than 1% in 2014 versus 5.6% in 1993. The IRS still audits approximately 1.4 million taxpayers every...

Meals & Entertainment Deductions

Meals & Entertainment Deductions

Are entertainment expenses really not deductible anymore? How about business meals? The new tax reform has brought an endless amount of change to tax law, and one of the most interesting parts affecting most businesses are the changes to meals and entertainment...

Mandatory Sexual Harassment Training

Mandatory Sexual Harassment Training

California has passed Senate Bill No. 1343 that will impact many small businesses by January 1st, 2020. All employers with 5 or more employees will be required to implement a sexual harassment prevention training course. Here are the following requirements:...

California Minimum Wage Increase 2020

California Minimum Wage Increase 2020

The New Year has come and with it many changes for employers and employees. Beginning January 1, 2020, minimum wage has increased for all California employers. For employers with 25 employees or less, minimum wage has increased to $12- hour. For...

Options for Automatic Extension to File

Options for Automatic Extension to File

The IRS will give you an automatic extension to file your federal tax return. This extension form must be filed by April 17th 2018 this year. The extension will avoid any penalties for filing late. If you owe any taxes you should try to make any payments you can at...