We appreciate our business relationship throughout the year and wish everyone a very Happy & Prosperous New Year! Notifications: 01/01/2024: State UI Rates: Each year you are mailed a notice from the various states you file payroll in of the updated unemployment rate for the new year. We have downloaded these notices from the various states with our login to…
The U.S. Small Business Administration (SBA) and Treasury issued an 18-page document Tuesday detailing how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans. The guidance also lists the documents borrowers must provide to support each set of calculations. The release came after SBA and Treasury issued three pieces of guidance over the weekend:…
California Gov. Gavin Newsom signed a sweeping new law that could force gig companies like Uber and Lyft to reclassify their workers as employees. Yet even before he signed the bill into law, it was already clear that lawsuits will abound. On September 11, 2019, Uber’s top lawyer announced that new law or not, Uber will not treat its drivers as employees. Tony West, Uber chief…
In the aftermath of tax reform, and in light of the holiday season, the last quarter of the year invites heightened tax questions from businesses about meal and entertainment expenses. Is the company holiday party a write-off? How about a client meal at a sporting event? The new rule eliminating deductions for most entertainment expenses are well known, but businesses…
Today, those home economics courses have shifted into a more life skills-based course, “Family and Consumer Sciences,” aimed to educate students about healthy relationships, work-life balance, sustainable eating and personal finance. As I watch my children grow up and face financial situations that seem to fall under the “adulting” category, I consider what types of skills and perspectives they may…
There is a reason professional service providers such as CPAs, EAs and lawyers have to go through continuous education and testing to be licensed to practice. And if you’re unlicensed, you tend to stay away from things you aren’t an expert in. For example, unless a licensed attorney has an LLM designation, they usually stay away from detailed tax matters,…
The new tax law, the Tax Cuts and Jobs Act of 2017, has made some changes to deductions on Schedule A, reducing your ability to deduct donations to charities on your income tax return. Your business may be able to deduct charitable giving, depending on your business type. The New Tax Law First, the new tax law may have a big…
The California Department of Tax and Fee Administration (CDTFA) announced today that beginning April 1, 2019, out-of-state retailers selling above certain thresholds into California will be required to collect California use taxes on their sales into California. Today ‘s Special Notices also impact in-state and out-of-state retailers’ obligations to collect and remit district use taxes adopted by California localities. “Today ‘s announcement…
Each month QBO rolls out updates, sometimes they are show stoppers and sometimes they don’t even hit our radar. During February a small change with a big impact hit QBO sales transactions. In addition to Invoices, now we can copy and blind copy estimates, sales receipts, credit memos and refund receipts which greatly reduce time spent pushing and sharing emails.…
Ever waste time looking for that document you swore you filed away for safe keeping? You search through stacks of paper and file folders, but simply can’t locate that one piece of paper you need at this very moment. Or, you use the search tool on your computer and enter every single combination of keywords that could possibly be in…
