Starting January 1, 2024, the Corporate Transparency Act (CTA) introduces a new federal reporting requirement impacting many business entities. If you operate a Limited Liability Company (LLC), an LLC taxed as an S-Corp, a Corporation, or other entities registered with the Secretary of State, this law now mandates you to disclose specific personal information about your business’s […]
Category: Blog
2023 Extension Request Due April 15, 2024
2023 Extension Request Due April 15, 2024 Please request an extension if your 2023 individual, single-member LLC, or C corporation filings will not be complete by 4/15/24. We cannot assume that you need an extension. If you are requesting an extension, remember it is an extension of time to file and not an extension of […]
IRS 2O22 E-Filings Open
The IRS and the state of CA have started accepting 2022 e-filings. It’s not too soon to schedule your in-person or virtual tax appointment for your 2022 tax year preparation! Contact us with any questions, to review our virtual tax process, and with requests for 2022 tax organizers. Send 2022 1099 Forms to Independent Contractors by January 31st, 2023. Issue 1099s […]
Schedule Your ’22 Tax Planning Conference
Happy November and best wishes for a memorable holiday season. We still have a few weeks for tax planning, then we’ll get into holiday mode and start looking forward to a great 2023! There are a couple of weeks left to project your 2022 tax results and make tax-saving decisions. Whether you simply wish to anticipate […]
GIG ECONOMY TAX GEMS
“Gig Economy” – A labor market of self-employment, freelance, short-term contracts as opposed to permanent employment. The term “gig” is borrowed from performing artist appearances. Whether you are transitioning to the gig economy or just dabbling in a side business there is a bit of a learning curve. We’ll share two important bits of information […]
Tax Season 2022: Important Tax Deadlines
The IRS and the state of CA have started accepting 2021 e-filings. It’s not too soon to schedule your in-person or virtual tax appointment for your 2021 tax year preparation! Contact us with any questions, to review our virtual tax process and with requests for 2021 tax organizers. Contact Brenda@taxplus.com or call 310.398.3231. San Diego […]
The TaxPlus Team Is Growing
The TaxPlus team is growing and accepting referrals! We are thrilled to announce the addition of Jim Catalano, CPA, and Tuan Tran, tax preparer and bookkeeper to our San Diego office. Both join us with decades of experience in delivering high-quality tax preparation, planning, and accounting services. If you have worked with Jim in prior […]
2021 Year-End Tax Planning
There are just a couple of weeks left for 2021 year-end tax planning. There’s still time to project your 2021 tax results and make last-minute tax-saving recommendations. Whether you simply wish to anticipate the outcome of this year’s filings to prepare financially or to mitigate the taxes as much as possible, now is the time […]
The Pass-Through Entity Elective Tax
We have a couple of weeks remaining in 2021 for tax planning. Whether you simply wish to anticipate the outcome of this year’s filings to prepare financially or to mitigate the taxes as much as possible, now is the time to plan. Call us now to schedule a tax planning phone or a video conference! The […]
2021 CHILD TAX CREDIT AND ADVANCE CHILD TAX CREDIT PAYMENTS: SHOULD YOU CONSIDER OPTING OUT OF THE ADVANCE?
If you have dependent children living with you, you may have started receiving monthly payments from the IRS of either $250 or $300 per qualifying child beginning in July 2021. These are Advance Child Tax Credit Payments (ACTCP) created by the American Plan Rescue Act that was passed on March 11, 2021. Here are a […]
