IRS Business Tax Account

IRS Business Tax Account

Setting up an Internal Revenue Service (IRS) Business Tax Account is a helpful way to view tax information.  It can save you time and frustration from having to wait on the phone with the IRS. Depending on the type of business you participate in, you will have access...
New Property Taxes for Short Term Rentals in California

New Property Taxes for Short Term Rentals in California

In recent years the number of short-term rentals (think VRBO, AirBNB, etc.) has grown considerably.  California has noticed this growth and has enacted a new property tax on short term rentals beginning January 1, 2024. According to the California Senate Bill No. 60,...
Self-Employed Retirement Plans

Self-Employed Retirement Plans

  Traditional or Roth IRA An individual retirement account (IRA) is one of the simplest options with lower contribution limits. The main difference between a Traditional and a Roth IRA is how and when you get a tax break. With a Traditional IRA, you may be able...
Important Tax Filing Deadlines

Important Tax Filing Deadlines

A question CPA’s are commonly asked is “when is my tax return due?”  Below is a quick summary of some of the most common tax deadlines for calendar year-end filers (note, fiscal year-end filers and state income tax return filing dates may vary): January 31,...
When are you considered a Household Employer?

When are you considered a Household Employer?

In today’s world it is common to have domestic help; from gardeners and housekeepers to nannies and home health care assistance.  The question is, when does this situation turn into an employer and employee relationship and what are the filing requirements and...