Monthly Archives: September 2024

The QuickBooks Desktop Phase Out: How QuickBooks Online Will Future-Proof Your Business

As business owners barrel toward the quarter-century mark of the 21st century, so, too, do the tools we use to manage our finances. Recently, Intuit announced significant changes to its QuickBooks Desktop offerings, signaling a shift toward more innovative, cloud-based solutions. According to the brand, “After May 31, 2025, your QuickBooks Desktop 2022 software will [...]

By |2024-09-24T15:03:22-07:00September 24th, 2024|Categories: Uncategorized|0 Comments

Coastal Tax Advisors 2024 Fishing Trip

Another successful fishing trip this year. Our team got up nice and early once again and set out for the Coronado Islands, south of the border in Mexican waters. The sun showed up and so did the fish, with our catch count grand totaling to 3 California Yellowtail, 4 Bluefin Tuna, 55 Ocean Whitefish, 4 [...]

By |2024-09-20T10:59:02-07:00September 20th, 2024|Categories: Uncategorized|Comments Off on Coastal Tax Advisors 2024 Fishing Trip

IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit

In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as the IRS intensifies its scrutiny of ERC claims, it has unveiled five new warning signs that businesses must heed to avoid costly mistakes. Understanding these red flags is crucial for maintaining compliance and [...]

By |2024-09-16T13:53:59-07:00September 16th, 2024|Categories: Uncategorized|Comments Off on IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit

Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions

Article Highlights: Equitable Ownership Who Qualifies as an Equitable Owner? Tax Implications of Being an Equitable Owner Mortgage Interest Deduction Property Tax Deduction Examples of Equitable Ownership Examples Where Taxpayers Were Not Equitable Owners Equitable ownership refers to the situation where an individual possesses the benefits and burdens of ownership of a property, even though [...]

By |2024-09-13T15:26:14-07:00September 13th, 2024|Categories: Uncategorized|Comments Off on Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions
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