Well, they did it. They drug it out to the last minute, but they did it. Weeelll, they did some of it. And I’d really like to thank all of them in Washington for dragging us through this during the holidays and leaving us to sort this all out this morning while at the same […]
December 27, 2012 2013 Tax Outlook: Facing the “Fiscal Cliff” The 2012 election left us with the same President, same Democratic-controlled Senate, and same Republican-controlled House of Representatives. But 2013 brings several new challenges. That’s because several important tax provisions are scheduled to expire at the end of the year, in what some observers are
Robert W. Craig, E.A. Tax and Business Services January 5, 2012
Year-end payroll tips for employers The Winter 2010 edition of the SSA/IRS Reporter included an article by the American Payroll Association (APA) which noted some tasks that employers should perform in December and January to make year-end processing go more smoothly. We have listed those tasks below that were included in the APA article plus
Here Are Some Things You Can Do To Save Taxes in 2011 By Robert W. Craig, E.A. Tel: (805) 264-3305 This is a longer than usual post but if you find just one strategy that can save you some tax dollars, the read will be worth your while, so please take the time and go
Sales Tax Rate Drops July 1st Effective July 1, 2011, the combined statewide sales and use tax rate will decrease from 8.25% to 7.25%. The temporary 1% increase implemented in April 2009 expires June 30, 2011. Remember that district taxes are still applicable, so the tax rates in most areas of California will be greater
Independent Contractor Checklist Mistakenly classifying an employee as an independent contractor can result in significant fines and penalties. There are 20 factors used by the IRS to determine whether you have enough control over a worker to be an employer. Though these rules are intended only as a guide-the IRS says the importance of each
What is an Enrolled Agent? An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals. What does the term
For tax preparers lets start with credentials. In California the credentials to look for are Enrolled Agents (E.A.’s) and Certified Public Accountants (CPA’s). Consider an enrolled agent if you desire more expertise than an walk-in chain such as, H&R Block or Jackson Hewitt, but don’t need a full-service CPA. Enrolled agents are licensed by the
What To Look For In A Tax Preparer & Business Consultant Read More »
January 27, 2011 Dear Clients, Family, and Friends: According to sources at the IRS, their forms should be finished by February 14th (Happy Valentines Day!) so we can begin filing returns affected by the tax law extension. Despite calls for simplifying the tax laws, they have actually been made much more