Tax and Accounting Blog, San Diego

/Tax and Accounting Blog, San Diego/
24 07, 2018

Procrastinating on Filing Your Taxes?

By |2018-07-24T18:02:17+00:00July 24th, 2018|Categories: Uncategorized|0 Comments

Highlights: Late filing penalties Interest Three-year statute of limitations Forfeited refunds If you have been procrastinating about filing your 2017 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus, if you have a refund coming for a prior you may [...]

17 07, 2018

The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them

By |2018-07-17T17:57:52+00:00July 17th, 2018|Categories: Uncategorized|0 Comments

Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially limiting and costly down the road. With the help of an accounting professional, it [...]

13 07, 2018

Moving Deductions are Kaput

By |2018-07-11T20:16:53+00:00July 13th, 2018|Categories: Uncategorized|0 Comments

Article Highlights: Prior Law Deduction Deduction Repealed Military Exception Employer Reimbursement Reimbursement Gross Up Prior to the passage of tax reform, individuals who moved as the result of a job change or job relocation could deduct their unreimbursed moving expenses if the driving distance from their home to the new job location was at least [...]

11 07, 2018

Has Tax Reform Taken Away Your Home Mortgage Interest Deduction?

By |2018-07-11T17:44:09+00:00July 11th, 2018|Categories: Uncategorized|0 Comments

Article Highlights:   Background New Limit Equity Debt Interest Interest Tracing Refinancing   The Tax Cuts and Jobs Act of 2017, more commonly referred to as tax reform, substantially altered the itemized deduction for home mortgage interest and affects just about everyone who has been deducting their home mortgage interest as an itemized deduction on [...]

22 06, 2018

Don’t Have a Budget? QuickBooks Online Can Help

By |2018-06-05T16:29:48+00:00June 22nd, 2018|Categories: Uncategorized|0 Comments

The hardest part of creating a budget is getting started. QuickBooks Online provides tools that can jump-start the process.   You know you should have a budget. You’re aware that it can help you stay on track with your company’s income and expenses throughout the year. Maybe you’ve even tried to make one before, but [...]

19 06, 2018

Find Lost Money

By |2018-06-05T16:08:27+00:00June 19th, 2018|Categories: Uncategorized|0 Comments

Article Highlights: * What is unclaimed property? * How can you find unclaimed property? * What are your chances of finding unclaimed property in your name? Unclaimed property refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for a period of one year or longer [...]

15 06, 2018

Summer Employment For Your Child

By |2018-06-05T16:04:41+00:00June 15th, 2018|Categories: Uncategorized|0 Comments

Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Summer is just around the corner, and your children may be looking for summer employment. With the passage of the most recent tax reform, the standard deduction for single individuals jumped from $6,350 in 2017 to $12,000 in 2018, meaning your [...]

12 06, 2018

It’s Almost Summer – Who is Caring For The Kids When You Work?  

By |2018-06-05T16:01:49+00:00June 12th, 2018|Categories: Uncategorized|0 Comments

Article Highlights:   Credit For Child Care Credit Percentage Child Qualifications Employment-Related Expense Taxpayer Earnings Limits Full-Time-Student or Disabled Spouse Qualifying Care State Credit It is almost summertime. Have you figured out what to do with the kids while they are out of school and you are at work? There are possibilities that may qualify [...]

8 06, 2018

Choosing Your Accounting Method Under New Tax Laws

By |2018-06-05T15:59:09+00:00June 8th, 2018|Categories: Uncategorized|0 Comments

Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for choosing accounting methods, all companies need to take an inward look at their current accounting methods to determine if they are the most beneficial permissible method applicable. It is important to work [...]

5 06, 2018

Got a Letter from the IRS?

By |2018-06-05T15:53:07+00:00June 5th, 2018|Categories: Uncategorized|0 Comments

Article Highlights:   Confirm the Letter Was Not Sent in Error Examine the Contents Avoid Procrastination, Which Leads to Bigger Problems Send Any Payments Consider Change-of-Address Complications Be Aware of ID Theft If you have received an IRS envelope from the Internal Revenue Service (IRS) in your mailbox that does not contain a refund check, [...]