AVOID 1099 PENALTIES

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AVOID POTENTIAL FOR PENALTIES. LATE 1099 FILING PENALTY IS NOT WORTH THE RISK Specifically, not providing a correct statement (intentional disregard) carries a penalty of $250 per 1099, with no maximum for the year. $50 penalty per 1099, if you file within 30 days of due date. $100 per 1099, if … [Read more...]

2017 Tax Saving Tips

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Year End Tax Saving Tips As the year comes to a close, there are several tax saving strategies that could possibly help save you money when you prepare your tax return. Please note that these tax saving strategies will not apply to everyone and there are many other options not listed in this … [Read more...]

BUSINESS FORMATIONS – WHICH IS BEST?

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Business Formations – Which is best? Forming a Limited Liability Company or Corporation provides a wonderful liability protection that benefits the individual owner and the small business.   Spending just a small amount of money up front and keeping your records up to date can make all the … [Read more...]

FREE INFORMATIONAL SERIES

I'll be speaking for the Moving Seniors Forward informational series presentation on Thursday evening October 19th 6pm at the Janss Marketplace in Thousand Oaks. Come join me to hear this great information and enjoy the food and entertainment. Let me know if you can come! Hope to see you there! … [Read more...]

Organizing Your Tax Documents

GETTING YOUR TAX DOCUMENTS READY   You can make Tax Time easier with an early start. Maximize your deductions with planning and organization. By gathering your records as they arrive, you can make this a simple process allowing you to prepare your returns and receive your refunds … [Read more...]

NEW TAX FILING DEADLINES

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NEW 2017 Filing Due Date (Tax Year 2016)   Calendar year S-Corporations             March 15th Multi-Member LLCs     *NEW               March 15th Partnerships   *NEW                               March 15th C-Corporations      *NEW                         April 15th … [Read more...]

NEW IRS FILING DEADLINES FOR 2017

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   W-2/1099 forms and Partnership/Limited Liability Company  have NEW FILING DUE DATES Beginning in 2017, the IRS has changed the deadlines for government filings. W-2 & 1099 forms are DUE  January 31. This means that you will not only be required to provide W-2 forms to your employees by … [Read more...]

IRS Warns about Fake Tax Notice Scam

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IRS WARNS ABOUT FAKE TAX NOTICE SCAM The Internal Revenue Service (IRS) and its Security Summit partners issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. The IRS says that it has … [Read more...]

MANAGING YOUR BUSINESS FOR GROWTH

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BUSINESS GROWTH MANAGEMENT Identifying the ability to grow and making this growth happen is every business owner’s goal.  This desired growth will usually occur by following 3 main steps: Upgrade marketing efforts Project the company’s required needs to properly accommodate the larger … [Read more...]

MOST SHOCKING TAX RESULTS

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MY CLIENTS’ TEN MOST SHOCKING TAXABLE EVENTS Covered California Healthcare The IRS reconciles your Health Insurance Premium based on Income measurements.  If your Income has increased, you may end up paying the Government back their subsidy.  Avoid this by using techniques to keep your … [Read more...]