To keep your business solvent through the COVID-19 pandemic, stay focused on the 3 rules of cash. In good times we can be lax but not anymore.
5 Tax Savvy Moves to Consider Now
Fix These 3 Common Customer Service Mistakes
If your company provides stellar service and outstanding products, your loyal customers can grow exponentially through social media, online reviews and more traditional outlets. On the other hand, when customers complain, your company’s reputation can be damaged. Fortunately, your team can build solid customer relationships by fixing these common customer service mistakes:
5 Things to do Now to Save Your Business!
2 Steps to Survive & Thrive Through Crisis
“In times of crisis you have to prioritize and execute.” Said the former US Navy Seal Jocko Willink, author and TED talker. What has that got to do with making your business survive and thrive in this time?
Well, lean time forces you to focus on core business. When times were good, you could afford to be lax with everything. Not anymore.
How to Protect Your Social Security Number
Is Crowdfunding for You?
Pulling Retirement Funds Early? Consider This First
The Dos and Don'ts of IRS Audits
Economic Impact and Stimulus Payments : What Business Owners / Self-Employed / Independent Contractors need to know
This extra long edition has two parts, one about what to do with the Stimulus or Economic Impact Payments, and the other is about tax-related laws and updates to help with tax planning for the rest of 2020. You can read Part I here.
Are you buckled down?
6 Ways to Tame Your Capital Gains Tax Bite
A cornerstone of smart tax planning is year-round management of your property sales and purchases. And a key component of this activity is knowing that the resulting sale of a home, stock or collectible creates a taxable gain or loss with varying tax implications. The savvy taxpayer understands that the correct capital gain approach can save plenty of money. Here are six capital gain tax-cutting opportunities to consider throughout the year:
Losses that Offer Tax Savings
Capital loss, casualty loss, net operating loss — a loss by any name causes a financial setback. It's something no one likes to think about, much less experience. But if you do suffer a loss, tax laws may provide a measure of relief in the form of a refund or lower taxable income. Here are examples of common losses you may experience, along with possible tax savings
I Owe Tax On That? 5 Surprising Taxable Items
5 'Must Haves' Checklist for Tax Preparation
Personal tax filing underway is from now to April 15th , extended to October 15th if you file proper paperwork. Today is a great time to check off what you have received from other people, banks and institutions. So, to help you maximize your tax savings this year and get proactive with your tax strategy, here’s our BayCPAPlus essential checklist to organize your records before going to your favorite CPA’s office.
Business owners take note - if you’re organized as a partnership or LLC or S-corp, the deadline for filing the business returns is March 16th. Calendar-year C corporation tax returns are due by April 15. Six-month extensions can be requested as in personal tax filing
Make Setting Salaries Simpler With These Five Steps
Setting Salaries to Recruit, Retain and Reward. Whether you are hiring for the first time, filling an open position, or conducting annual performance reviews, finding a salary range that attracts and retains valued employees can be a difficult task. Here are our BayCPAPlus recommendations to help make the process a bit easier for you and your company.