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# THInc

San Diego Small Business CPA

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## Posts

- [Blog](https://tehcpa.net/tom-huckabee-cpa-articles-for-business/) - [vc_row][vc_column][mk_blog style=”grid” column=”2″ exclude_post_format=””][/vc_column][/vc_row]
- [Trading luxury Homes in San Francisco for Hot Pre-IPO AI Company Shares: The Marketing Hype vs. Tax Reality](https://tehcpa.net/trading-luxury-homes-in-san-francisco-for-hot-pre-ipo-ai-company-shares-the-marketing-hype-vs-tax-reality/) - A wave of luxury real estate listings priced in private shares of companies like OpenAI, Anthropic, and SpaceX has gone viral. If you advise clients in the tech space, you have likely already fielded questions about this. A handful of multimillion-dollar properties—stretching from San Francisco and Marin County to Sonoma wine country and the Miami
- [The Nest Egg Protection Act: Proposes A $1M Tax Break for Senior Homeowners](https://tehcpa.net/the-nest-egg-protection-act-a-1m-tax-break-for-senior-homeowners/) - A new proposal in Congress could let older homeowners exclude up to $1 million in capital gains when they sell — a potential game-changer for seniors sitting on decades of home appreciation. According to a recent Kiplinger report, Rep. Nicole Malliotakis (R-NY) has introduced the Nest Egg Protection Act (H.R. 9064), legislation aimed at delivering
- [Section 179: The 6,000+ lb Vehicle Tax Write-Off Strategy for Business Owners in 2026](https://tehcpa.net/section-179-the-6000-lb-vehicle-tax-write-off-strategy-for-business-owners-in-2026/) - Each year, millions of Americans purchase vehicles using after-tax income—earning a paycheck, paying a significant portion to taxes, and spending what remains. In this context, a vehicle is simply a necessary expense and a depreciating asset. Business owners, however, often approach the same decision through a different lens. Rather than viewing a vehicle purely as
- [How New Depreciation Tax Law Changes will Impact Restaurant, Real Estate & Retail Businesses](https://tehcpa.net/how-new-depreciation-tax-law-changes-will-impact-restaurant-real-estate-retail-businesses/) - The new tax reform signed into law by President Tump made significant depreciation rule changes to the way businesses will depreciate their assets.
- [IRS Pandemic Penalty Refunds: Are You Eligible?](https://tehcpa.net/irs-pandemic-penalty-refunds-are-you-eligible/) - Quick Summary A federal court ruling in Kwong v. United States found the IRS improperly charged certain penalties and interest between January 20, 2020, and July 10, 2023. Taxpayers who paid those charges — even if they paid their balance in full — may be eligible for a refund. Retirees, self-employed workers, and small business
- [IRS Workforce Reductions Raise Questions About Enforcement & Taxpayer Compliance](https://tehcpa.net/irs-workforce-reductions-raise-questions-about-enforcement-taxpayer-compliance/) - With a shrinking workforce, the agency is seeing taxpayers question how closely they need to follow tax rules. ​The WSJ.com published an article titled 'America’s New Tax Mantra: ‘The IRS Isn’t Going to Catch Me,’ mentioning that the Trump administration is scaling back tax enforcement, leaving fewer federal employees to audit returns, collect unpaid tax
- [As 401(k) balances hit record highs, advisors caution savers against common retirement mistakes](https://tehcpa.net/as-401k-balances-hit-record-highs-advisors-caution-savers-against-common-retirement-mistakes/) - More money in your 401(k) isn't always a straightforward win — financial planners say big balances carry underappreciated risks. Oversaving in a 401(k) while neglecting liquid assets can leave you cash-strapped during your working years. In retirement, the IRS forces large withdrawals from sizable accounts — and those distributions can spike your taxes and Medicare
- [Unusual Tax Strategies Gaining Traction Under Trump’s 2025 Tax Law](https://tehcpa.net/unusual-tax-strategies-gaining-traction-under-trumps-2025-tax-law/) - If you’re looking to reduce your tax bill, some of the most impactful strategies lie well beyond the traditional playbook. Trump’s tax overhaul solidifies write-offs of certain assets — setting off soaring demand from wealthy Americans. Bloomberg News recently reported that reducing your tax bill doesn't have to mean sticking to the usual deductions. Increasingly, advisers
- [Understanding the Schedule K-1 Tax Form: What You Need to Know](https://tehcpa.net/understanding-the-k-1-tax-form-what-you-need-to-know/) - With tax season coming soon, many accredited investors may be submitting their tax documents. Ever receive a K-1 and feel like you've been handed a cryptic code instead of a tax document? Or get one without even realizing your investment would generate it? You're not alone. This guide breaks down exactly what a K-1 is,
- [10 Costly Tax Mistakes High Earners Should Avoid](https://tehcpa.net/10-costly-tax-mistakes-high-earners-should-avoid/) - Taxes are one of the most complex—and often daunting—parts of financial planning, particularly for high earners. The stakes are high: even small missteps can have lasting financial consequences, making proactive tax planning essential. If you're earning a six-figure income, you're facing a significant tax burden. The U.S. federal tax system is progressive—your marginal tax rate
- [Surging Gas and Diesel Prices May Cancel Out Trump Tax Relief Benefits](https://tehcpa.net/surging-gas-and-diesel-prices-may-cancel-out-trump-tax-relief-benefits/) - In January, the White House touted what it called the “largest tax refund season in U.S. history,” projecting hundreds of dollars in additional refunds this year due to changes in the tax code under the One Big Beautiful Bill Act (OBBBA). But economists caution those gains may quickly evaporate—offset by rising fuel costs tied to
- [The IRS has proposed eliminating rules that partnership restrict basis-shifting transactions](https://tehcpa.net/the-irs-has-proposed-eliminating-rules-that-partnership-restrict-basis-shifting-transactions/) - Accounting Today recently reported that the IRS has proposed rolling back Biden-era regulations aimed at curbing the abusive use of basis-shifting transactions by partnerships to reduce tax liabilities. Background: What are Basis-shifting Transactions Basis-shifting transactions are tax planning strategies—most commonly used by partnerships—that take advantage of technical tax rules to reallocate the tax basis of
- [Millions of Americans may still be owed a COVID-era tax refund — here’s how to claim it](https://tehcpa.net/millions-of-americans-may-still-be-owed-a-covid-era-tax-refund-heres-how-to-claim-it/) - Many Americans are happy to leave the memories of the COVID-19 pandemic behind, but revisiting that period could be worthwhile — especially for those who may be eligible for an IRS tax refund, according to tax attorneys and reporting from USA Today. Under the tax code, Section 7508A(d) requires the postponement of certain tax deadlines
- [IRS Releases Guidance on 100% Bonus Depreciation Expensing for Qualified Production Property Investments  ](https://tehcpa.net/irs-releases-guidance-on-100-bonus-depreciation-expensing-for-manufacturing-facility-investments/) - America’s industrial sector just received a major tax break — and for companies in manufacturing, refining, or large-scale production, it could quickly reshape capital-investment decisions. The Internal Revenue Service and the U.S. Treasury Department have issued detailed interim guidance outlining a powerful new special depreciation deduction for “qualified production property.” The incentive was established under
- [Trump Announces Plans to Impose 15% Global Tariff Following Supreme Court Ruling](https://tehcpa.net/trump-announces-plans-to-impose-15-global-tariff-following-supreme-court-ruling/) - The move demonstrated the president's determination to pursue aggressive global tariffs despite facing a Supreme Court rebuke. According to recent reporting by The New York Times, President Trump announced on Saturday that he would increase his new global tariff to 15 percent—just one day after the Supreme Court struck down his previous punitive duties. The
- [2026 Charitable Contribution Planning: Key Regulatory Updates](https://tehcpa.net/2026-charitable-contribution-planning-key-regulatory-updates/) - The passage of the One Big Beautiful Bill Act (OBBBA) in July 2025 has significantly reshaped the tax landscape for charitable giving. As we enter the 2026 tax year, donors must navigate a combination of expanded incentives for small donors and new "floors" that complicate deductions for high earners and corporations. Here is how you
- [IRS Announces Official Tax Refund Release Dates for February 2026](https://tehcpa.net/irs-announces-official-tax-refund-release-dates-for-february-2026/) - With new tax provisions introduced under the One Big Beautiful Bill Act, the sweeping legislation passed in summer 2025 under Donald Trump, along with a government shutdown and staffing cuts at the Internal Revenue Service, taxpayers may encounter several changes this filing season. Updates may affect how certain tip income is taxed, the impact of
- [Is the Trump administration trying to weaken the dollar on purpose?](https://tehcpa.net/is-trump-administration-trying-to-weaken-the-dollar-on-purpose/) - The U.S. dollar continues to slide, raising questions about whether a weaker currency ultimately benefits the American economy. President Trump appears to welcome the decline. On Tuesday, he said he viewed the dollar’s weakness positively, even as it fell to its lowest level in four years against a basket of major foreign currencies. “I think
- [January 2026 Bipartisan Tax Priorities, Reconciliation, IRS Guidance updates](https://tehcpa.net/january-2026-bipartisan-tax-priorities-reconciliation-irs-guidance-updates/) - Despite leadership changes and reduced workforce, the IRS has maintained consistent OBBBA-related guidance since enactment and will continue throughout much of 2026. Recent Key Guidance Released Bonus Depreciation (Notice 2026-11) The IRS issued interim guidance implementing favorable section 168(k) amendments under OBBBA, which permanently restored 100% expensing for qualified property. Guidelines align with existing TCJA
- [IRS offers guidance on overtime deduction ahead of tax season](https://tehcpa.net/irs-offers-guidance-on-overtime-deduction-ahead-of-tax-season/) - Recently, Accounting Today reported that the Internal Revenue Service and Treasury Department issued comprehensive guidance on the new overtime pay deduction under the One Big Beautiful Bill Act just days before tax season opens. The FAQs published in Fact Sheet 2026-01 clarify that for tax years 2025 through 2028, individuals receiving qualified overtime compensation can
- [US Trade Deficit Falls to 16-Year Low as Tariff Policies Reshape Commerce](https://tehcpa.net/us-trade-deficit-falls-to-16-year-low-as-tariff-policies-reshape-commerce/) - The U.S. trade deficit narrowed sharply in October to $29.4 billion, a 39% decrease from the previous month and the lowest level recorded since 2009. CNBC reported that according to the Commerce Department, this unexpected decline follows a volatile year for global trade impacted by the Trump administration’s "Liberation Day" tariffs, which were initiated in
- [US Economic Growth to Strengthen in 2026 Despite Weak Job Market, Goldman Sachs Predicts](https://tehcpa.net/us-economic-growth-to-strengthen-in-2026-despite-weak-job-market-goldman-sachs-predicts/) - Fox Business recently reported that Goldman Sachs anticipates accelerated economic growth driven by $100 billion in tax refunds and diminishing tariff headwinds. The firm projects that US economic resilience from 2025 will strengthen further in 2026 as tax cuts and improved financial conditions take effect, while tariff pressures and inflation moderate. In their 2026 outlook,
- [Potential Policy Shift: Trump Weighs Gambling Winnings Tax Reversal for 2026](https://tehcpa.net/potential-policy-shift-trump-weighs-gambling-winnings-tax-reversal-for-2026/) - A recent Kiplinger article notes that the IRS is targeting gambling winnings with new tax rules starting in 2026—but the policy's future may already be uncertain. Beginning next year, gambling winnings will be subject to stricter federal taxation under the 2025 GOP/Trump tax and spending legislation. Lottery prizes, slot machine jackpots, and sports betting proceeds
- [2025 Year-End Tax Planning Guide for Business Owners](https://tehcpa.net/2025-year-end-tax-planning-guide-for-business-owners/) - As 2025 draws to a close, taxpayers must strategically optimize their tax positions before year-end. The transformative One Big Beautiful Bill Act (OBBBA) (P.L. 119-21) and other recent legislation have fundamentally reshaped the tax landscape, creating significant planning opportunities alongside new complexities for individuals and businesses alike. From expanded deductions and adjusted thresholds to evolving
- [2025 Year-End Tax Planning for Individual Taxpayers](https://tehcpa.net/2025-year-end-tax-planning-for-individual-taxpayers/) - The One Big Beautiful Bill Act (OBBBA) transformed individual taxation—but what it preserved may matter more than what it changed. OBBBA prevented the scheduled December 31, 2025 sunset of most Tax Cuts and Jobs Act provisions, making many permanent rather than allowing them to expire. This guide explores both the critical "non-changes" that provide long-term
- [Bonus Depreciation and 1031 Exchanges: The Overlooked Tax Strategy](https://tehcpa.net/bonus-depreciation-and-1031-exchanges-the-overlooked-tax-strategy/) - Real estate investors typically understand bonus depreciation and are familiar with 1031 like-kind exchanges. However, many don't recognize that these two tax strategies can be combined—sometimes creating remarkably powerful results. The Fundamental Concept Bonus depreciation (IRC §168(k)) allows immediate write-offs for specific property with recovery periods of 20 years or less. This includes personal property,
- [Trump Removes Tariffs on Beef, Coffee, Tropical Fruit in Effort to Lower Food Prices](https://tehcpa.net/trump-removes-tariffs-on-beef-coffee-tropical-fruit-in-effort-to-lower-food-prices/) - According to recent ABC7 Eyewitness News reporting, President Donald Trump announced Friday that he was scrapping U.S. tariffs on beef, coffee, tropical fruits, and a broad swath of other commodities. This dramatic move comes amid mounting pressure on his administration to combat high consumer prices better. Trump has built his second term around imposing steep
- [Trump’s “no tax on tips” proposal could eliminate large-group service fees on restaurant bills](https://tehcpa.net/trumps-no-tax-on-tips-proposal-could-eliminate-large-group-service-fees-on-restaurant-bills/) - CNBC recently reported on the topic that with the “no tax on tips” policy now in effect, many restaurants may be forced to reconsider their use of service fees for large groups. Mandatory gratuities—typically 15% to 20% for parties of six or more—do not qualify for the tax benefit under President Trump’s new law. Although
- [Understanding Delaware Statutory Trusts (DSTs) Commercial Real Estate Investment Vehicle](https://tehcpa.net/understanding-delaware-statutory-trusts-dsts-commercial-real-estate-investment-vehicle/) - As real estate investors approach retirement or seek greater work-life balance, investments combining real estate ownership with passive management become increasingly attractive. These seasoned investors desire opportunities that generate consistent cash flow without the burden of day-to-day rental property operations. A recent Kiplinger's article by a contributor named Daniel Goodwin highlights recent innovations from platforms
- [New Charitable Deduction Rules for 2026: Strategies to Maximize Your Tax Benefits](https://tehcpa.net/new-charitable-deduction-rules-for-2026-strategies-to-maximize-your-tax-benefits/) - As year-end approaches—the peak season for charitable giving—understanding upcoming tax law changes is essential to maximizing the impact of your donations. Charitable tax deductions will undergo their most significant transformation in nearly a decade when new rules take effect in 2026, courtesy of President Donald Trump's comprehensive tax and spending legislation. These changes affect both
- [Quarterly Estimated Tax Payments in 2025 - 2026: Strategic Planning Replaces Guesswork](https://tehcpa.net/quarterly-estimated-tax-payments-in-2025-2026-strategic-planning-replaces-guesswork/) - In the wake of the Big Beautiful Bill Act, quarterly estimated tax payments demand a more sophisticated approach than simply completing Form 1040-ES based on prior year figures. Today's tax environment requires precision planning to avoid overpaying taxes months before they're actually due. Effective business tax strategy now hinges on optimizing estimated payments and withholding
- [IRS Announces 2026 Tax Brackets, Standard Deductions, and Inflation Adjustments](https://tehcpa.net/irs-announces-2026-tax-brackets-standard-deductions-and-inflation-adjustments/) - The IRS has released the annual inflation adjustments for tax year 2026, including updated tax brackets, standard deductions, and cost-of-living adjustments. Important Timing Note: These numbers apply to tax year 2026—the period beginning January 1, 2026. You'll use these figures to prepare your 2026 tax returns in 2027 and for tax planning throughout 2026. For
- [IRS Overhauls 401(k) Catch-Up Contribution Rules — and the Change Could Mean a Higher Tax Bill](https://tehcpa.net/irs-overhauls-401k-catch-up-contribution-rules-and-the-change-could-mean-a-higher-tax-bill/) - High earners nearing retirement should take note: catch-up contribution rules are changing. Starting in 2026, workers who earned $145,000 or more in the previous year must make their 401(k) catch-up contributions on an after-tax basis through Roth accounts, forgoing the upfront tax break. Under current rules through 2025, workers 50 and older can choose between
- [How the New Tax Law Could Reduce Middle Income Families Bill to Zero from WSJ](https://tehcpa.net/how-the-new-tax-law-could-reduce-middle-income-families-bill-to-zero-from-wsj/) - According to a recent Wall Street Journal report, upcoming tax legislation is projected to enable millions of additional Americans to eliminate their federal income tax liability. Specific groups—including tipped workers, senior citizens, and employees receiving overtime pay—stand to benefit significantly. These taxpayers will gain access to new tax breaks that supplement existing deductions and credits,
- [SAFE Agreements Explained: Essential Accounting Considerations for Startups getting Seed Stage Funding](https://tehcpa.net/safe-agreements-explained-essential-accounting-considerations-for-startups-for-seed-stage-funding/) - Choosing the right fundraising structure as an early-stage founder can be a challenging task. Among the available options, the SAFE agreement is often highlighted for its straightforward and flexible design. Traditional VC funding paths often burden early-stage companies with high costs, complex terms, and immediate dilution. SAFEs (Simple Agreements for Future Equity) emerged as a
- [The One Big Beautiful Bill Act: Key Changes to Employer-Sponsored Benefits](https://tehcpa.net/the-one-big-beautiful-bill-act-key-changes-to-employer-sponsored-benefits/) - When President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025, it marked a significant milestone in tax reform and employee benefits. This comprehensive legislation introduces significant changes that will reshape how organizations approach their benefits strategies. Here's what employers need to know about the most impactful provisions. Enhanced
- [How the "Big Beautiful Bill" Boosts a Charitable Donations Tax Break for Seniors](https://tehcpa.net/how-the-big-beautiful-bill-boosts-a-charitable-donations-tax-break-for-seniors/) - A recent Wall Street Journal article highlighted an unexpected beneficiary of Trump's tax legislation: older Americans who make charitable contributions directly from their traditional IRAs. These donations, known as qualified charitable distributions (QCDs), remained unchanged in the tax overhaul, but the surrounding tax landscape has made them increasingly attractive for senior donors. The enhanced appeal
- [IRS Issues Draft 2026 Form W-2 to Address Tips and Overtime Tax Exemption Reporting](https://tehcpa.net/irs-issues-draft-2026-form-w-2-to-address-tips-and-overtime-tax-exemption-reporting/) - The IRS has released a draft version of the 2026 Form W-2, Wage and Tax Statement, which adds new fields to accommodate the tax exemptions on tips and overtime income from the "One Big Beautiful Bill Act." On July 4, 2025, President Trump enacted the One Big Beautiful Bill Act, introducing significant changes to tax
- [Analysis: How the One Big Beautiful Bill Tax Cuts Vary Across States and Counties](https://tehcpa.net/analysis-how-the-one-big-beautiful-bill-tax-cuts-vary-across-states-and-counties/) - The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, marks the most sweeping changes to federal tax policy since the 2017 Tax Cuts and Jobs Act (TCJA). A central provision of the OBBBA makes permanent the individual tax cuts originally enacted under the TCJA, preventing a potential tax increase for an
- [Startups Shift from Offshore to U.S. Hiring as Trump Tax Reform of R&D expensing Drive Domestic Investment](https://tehcpa.net/startups-shift-from-offshore-to-u-s-hiring-as-trump-tax-reform-of-rd-expensing-drive-domestic-investment/) - According to a recent Wall Street Journal article, executives report that faster deductions make it cheaper to add staff at a time when cash flow is critical. Tech startups, in particular, are revisiting their U.S. hiring plans after Congress revived a popular tax deduction. Executives and tax professionals believe this change could also stimulate broader
- [Health Savings Accounts (HSAs) get a boost under the “One Big Beautiful Bill.”](https://tehcpa.net/health-savings-accounts-hsas-get-a-boost-under-the-one-big-beautiful-bill/) - A USA Today article recently reported that more Americans than ever before will have access to Health Savings Accounts (HSAs) starting next year. Thanks to new provisions in President Donald Trump's "One Big Beautiful Bill Act," experts say tens of millions more people will be able to benefit from this triple tax-advantaged savings vehicle. The
- [How the New Tax Law Affects Your Tax Rate: It Depends on Who You Are and What You Do](https://tehcpa.net/how-the-new-tax-law-affects-your-tax-rate-it-depends-on-who-you-are-and-what-you-do/) - A recent Bloomberg analysis of the comprehensive tax legislation enacted by President Trump reveals a fundamental shift in how Americans will be taxed: Tax liability will increasingly depend not on income levels, But on the source of earnings, Geographic location, And personal circumstances This new Republican legislation marks a significant departure from the traditional conservative
- [Pass-Through Entity Tax Deduction AKA 20% Section 199A Preserved IN FULL in signed "Big Beautiful Bill"](https://tehcpa.net/pass-through-entity-tax-deduction-aka-section-199a-preserved-in-full-in-signed-big-beautiful-bill/) - The recently signed "Big Beautiful Bill" Act fully preserves the Pass-Through Entity Tax (PTET) deduction. This deduction, often referred to as the small business deduction (Section 199A), enables eligible taxpayers to deduct up to 20% of their qualified business income (QBI) from their federal income tax liability. Legislative uncertainty surrounding the Pass-Through Entity Tax (PTET)
- [Key Tax Provisions for Trust, and Estate Planning in the Newly Enacted "Big Beautiful Bill"](https://tehcpa.net/key-tax-provisions-for-trust-and-estate-planning-in-the-newly-enacted-big-beautiful-bill/) - The recently signed "Big Beautiful Bill" introduces significant changes impacting the tax landscape for individuals, trusts, and estates. Here's an overview of the key provisions now in law. Let's focus specifically on how this Act may affect your current estate plan and what, if any, changes you might consider making to it in the near
- [Trump's 'Big Beautiful Bill Act' is now law. What does that mean for your taxes and finances?](https://tehcpa.net/trumps-big-beautiful-bill-act-is-now-law-what-does-that-mean-for-your-taxes-and-finances/) - President Donald Trump's "One Big Beautiful Bill Act" has officially been signed into law. This sweeping legislation, passed via the fast-track reconciliation process, makes significant changes across various sectors, impacting individuals, families, and businesses. At nearly 900 pages, this legislation is a comprehensive collection of tax breaks, spending cuts, and other Republican priorities, including new
- [Does the One Big Beautiful Bill Act Benefit America's Small Businesses?](https://tehcpa.net/does-the-one-big-beautiful-bill-act-benefit-americas-small-businesses/) - Senate Republicans are rushing to meet Donald Trump's self-imposed July 4th deadline to pass his massive "One Big, Beautiful Bill." In a recent marathon session, senators convened at the Capitol for hours, proposing amendments to the legislation. The One Big Beautiful Bill Act has sparked debate about its potential impact on the nation's small business
- [Critics Warn the Senate Republicans Are Trying Hide True Cost of $3.8 Trillion Tax Cuts](https://tehcpa.net/critics-warn-republicans-hiding-true-cost-of-3-8-trillion-tax-cuts/) - Bloomberg recently reported that the Senate Republicans are pursuing an ambitious strategy to dramatically reduce the apparent fiscal impact of their comprehensive tax legislation through a controversial shift in budget scoring methodology. This approach centers on changing how Congress measures the cost of making President Trump's 2017 tax cuts permanent. Under the traditional budget reconciliation
- [Senate GOP Bill May Limit Proposed Overtime Tax Break](https://tehcpa.net/senate-gop-bill-may-limit-proposed-overtime-tax-break/) - A key proposal for exempting overtime from taxation could face limitations under the Senate GOP's new bill. This suggests the broad tax break initially envisioned may be scaled back or restricted in its final form. Last month, the House passed the "One Big Beautiful Bill Act," a comprehensive legislative package designed to advance President Trump’s
- [4 Creative and Unusual Tax Deductions that IRS has Allowed](https://tehcpa.net/4-creative-and-unusual-tax-deductions-that-irs-has-allowed/) - As tax season is kicking off it is no secret that U.S residents want to limit their liabilities as much as possible, however, there are some tax filers who have gotten pretty creative over the years in claiming unusual deductions. CNBC reporter Darla Mercado recently wrote about a few strange tax deductions that the IRS
- [Health Savings Account (HSA) retirement account tax saving advantages](https://tehcpa.net/health-savings-account-hsa-retirement-account-tax-saving-advantages/) - Health Savings Accounts (HSAs) stand out as one of the best tax-advantaged retirement accounts available, yet research indicates only 9.6% of Americans own one. For individuals already maximizing their 401(k) contributions, an HSA offers an excellent additional avenue for retirement savings. According to Fidelity's 2024 estimate, a 65-year-old individual may need an average of $165,000
- [Labor Department Reverses Biden-Era Cryptocurrency 401(k) Plan Restrictions](https://tehcpa.net/labor-department-reverses-biden-era-cryptocurrency-401k-plan-restrictions/) - Recently, the Politico news publication reported that the Department of Labor announced on Wednesday that it is withdrawing guidance from the Biden administration that strongly discouraged employers from including cryptocurrency options in employee 401(k) retirement plans. The policy reversal opens the door for crypto in retirement plans. Labor Secretary Lori Chavez-DeRemer characterized the previous policy
- [GOP House Passes "Big Beautiful Bill" Tax Bill: Key Provisions](https://tehcpa.net/gop-house-passes-big-beautiful-bill-tax-bill-key-provisions/) - Early Thursday, the House narrowly approved a comprehensive “One Big Beautiful Bill " to advance President Trump's domestic agenda. This legislation would significantly cut taxes, allocate more funds to the military and border security, and offset some costs by reducing spending on Medicaid, food assistance, education, and clean energy programs. Critics project it would substantially
- [Moody's downgraded the U.S. Credit Rating– what are the consequences for your personal finances?](https://tehcpa.net/moodys-downgraded-the-u-s-credit-rating-what-are-the-consequences-for-your-personal-finances/) - The U.S. has lost its perfect credit score, and here's why it matters to your money. The downgrade reflects the government's increasing debt due to spending significantly more than it earns, a trend with no immediate end in sight. This growing concern over U.S. debt, rather than tariffs, is causing market volatility, impacting your investments
- [CPI Inflation Drops to a 4-Year Low, Defying Concerns Over Tariff Impact](https://tehcpa.net/cpi-inflation-drops-to-a-4-year-low-defying-concerns-over-tariff-impact/) - According to Forbes reporting, the first inflation report since President Donald Trump implemented his tariff policies last month was released Tuesday. The data revealed that price increases were more moderate than economists had anticipated. However, analysts caution that this preliminary data provides an incomplete picture of the tariffs' full economic impact on consumers. The report
- [Will Recent IRS Staff Reductions Lead to Fewer Audits for Businesses and Wealthy Taxpayers?](https://tehcpa.net/will-recent-irs-staff-reductions-lead-to-fewer-audits-for-businesses-and-wealthy-taxpayers/) - With a significantly reduced workforce, the IRS's ability to conduct audits, its primary tool for identifying tax return issues, is in question. While a decrease in audit activity might seem inevitable, tax experts argue that the agency's remaining enforcement capabilities shouldn't be underestimated. The news publication Marketwatch reported that the Trump administration's efforts to trim
- [Lower Your 2025 California Property Taxes: 4 Exemptions to Know about](https://tehcpa.net/lower-your-2025-california-property-taxes-4-exemptions-to-know-about/) - The rapid escalation of property values in recent years, outpacing inflation by almost 27% since 2020, is leading to significantly increased property tax bills. This is a direct consequence of jurisdictions not adjusting their millage rates downwards, according to data from Tax Foundation the average US home sales price exploded from $371,100 to $525,100 in
- [Ray Dalio's Economic Analysis - Tariffs, National Debt and Systematic Change](https://tehcpa.net/ray-dalios-economic-analysis-tariffs-national-debt-and-systematic-change/) - According to Ray Dalio, billionaire hedge fund founder, the current focus on the Trump Administration's tariff policies represents only a surface-level view of much deeper economic transformations. While markets and media are fixated on the immediate impact of these tariffs, Dalio posted on X and suggested we should examine the underlying conditions that led to
- [Tax Losses Explained: Capital Gains and Losses in a Volatile Market](https://tehcpa.net/tax-losses-explained-capital-gains-and-losses-in-a-volatile-market/) - Although investment (brokerage or retirement) account losses can be disheartening, they do not automatically qualify as tax-deductible losses. Determining capital gains or losses for federal tax purposes hinges on the asset's initial purchase cost and the duration for which it was held prior to sale." U.S. equity markets suffered significant losses on Monday, April 7th,
- [IRS Form 1099-K Errors: How to Address Discrepancies on Your Tax Return](https://tehcpa.net/irs-form-1099-k-errors-how-to-address-discrepancies-on-your-tax-return/) - The potential for incorrect IRS Forms 1099 creates significant tax worry, as these forms directly impact your reported income. While income reporting is mandatory, 1099s serve as a reminder and summary. Incorrectly high figures on a 1099 can be particularly alarming. Information reporting has long been a critical tool in IRS enforcement, and accuracy is crucial
- [Cash Balance Pension Plans: A Retirement Strategy Doctors, Lawyers use to Claim $300K+ Tax Deductions](https://tehcpa.net/cash-balance-pension-plans-a-retirement-strategy-doctors-lawyers-use-to-claim-300k-tax-deductions/) - Physicians often explore various tax-saving vehicles to mitigate their high tax burdens. Cash balance plans are a common recommendation for doctors in private practice or those with self-employed income, such as physician entrepreneurs and 1099 earners. A unique retirement plan in America often flies under the radar. It's increasingly popular among wealthy doctors, lawyers, and
- [How US Companies Can Better Navigate Tariff Uncertainties and Trade Volatility](https://tehcpa.net/how-us-companies-can-better-navigate-tariff-uncertainties-and-trade-volatility/) - Tariffs have become a dominant force in U.S. tax and trade policy, creating a complex challenge for businesses engaged in international commerce. Since January, presidential executive actions have imposed new tariffs on imports from America's three most significant trading partners—Canada, Mexico, and China—resulting in widespread market disruption. Implementing 25% tariffs on aluminum, steel, vehicles, pharmaceuticals,
- [5 Essential Tax Strategies for Investors To Consider](https://tehcpa.net/5-essential-tax-strategies-for-investors/) - Like any competitive endeavor, investing involves high-profile actions and subtle strategies. Among the most impactful, yet often overlooked, is tax efficiency. This crucial factor can significantly enhance returns without increasing risk. While taxes shouldn't be the primary driver of your investment decisions, strategically selecting asset classes and account types can substantially reduce your tax burden.
- [IRS to Lay Off 15,000 Workers Middle of Tax season as Doge Begins to Audit the Agency](https://tehcpa.net/irs-to-lay-off-15000-workers-middle-of-tax-season-as-doge-begins-to-audit-the-agency/) - As part of the administration's broader cost-cutting efforts across the federal government, the IRS is set to lay off thousands of employees as early as this week. While the Biden administration pursued a multibillion-dollar overhaul of IRS systems, Republicans have been actively working to roll back much of the agency’s funding. The start of tax
- [House Republicans released a budget plan to extend $4.5 trillion in tax cuts while raising the debt ceiling](https://tehcpa.net/house-republicans-released-a-budget-plan-to-extend-4-5-trillion-in-tax-cuts-while-raising-the-debt-ceiling/) - House Republicans unveiled a budget plan Wednesday that paves the way for implementing key domestic priorities of former President Donald Trump, including up to $4.5 trillion in tax cuts and a $4 trillion debt ceiling increase to ensure the U.S. can continue meeting its financial obligations. House Republicans have proposed a transformative budget framework aligning
- [Top 5 Labor Trends for Businesses & CFOs in 2025](https://tehcpa.net/top-5-labor-trends-for-businesses-cfos-in-2025/) - Workforce dynamics present a unique paradox for today's CFOs: while talent remains an organization's most valuable asset, it's also increasingly complex to manage. Financial leaders must navigate shifting workplace expectations, generational perspectives, economic pressures affecting employees, and their team's growing influence on organizational culture. As companies navigate workplace transformations in 2025 - from office policies
- [House Budget Committee Republicans outline tax policy proposals for Reconciliation](https://tehcpa.net/house-budget-committee-republicans-outline-tax-policy-proposals-for-reconciliation/) - The New York Times reports that a document circulating within the House Budget Committee outlines an ambitious Republican agenda focused on tax cuts, scaling back green energy programs, reducing federal healthcare spending, trimming the social safety net, and limiting federal support for higher education. The document includes over 200 proposals, with a strong emphasis on
- [How to Make $150K Married Filing Jointly Tax-Free: A Strategic Investment Gains Approach](https://tehcpa.net/how-to-make-150k-married-filing-jointly-tax-free-a-strategic-investment-gains-approach/) - You could earn $150,000 per year and pay $0 in taxes. How? The tax code is designed to favor investors, not W-2 employees. Here’s how it works—and how you could potentially live tax-free. As a W-2 employee, your tax burden includes: 6.2% Social Security tax 1.45% Medicare tax Federal income tax, ranging from 10% to
- [IRS Announces Tax Relief for California Wildfire Victims in Los Angeles](https://tehcpa.net/irs-announces-tax-relief-for-california-wildfire-victims-in-los-angeles/) - The IRS and the California Franchise Tax Board (FTB) have announced tax relief measures for individuals and businesses impacted by the wildfires and straight-line winds that began on January 7, 2025, in Southern California. Following a Federal Emergency Management Agency (FEMA) declaration regarding the Los Angeles wildfires, the IRS issued a news release (IR-2025-10) on
- [Crypto Tax Guide 2025: Updated Tax Rates and IRS Regulations](https://tehcpa.net/crypto-tax-guide-2025-updated-tax-rates-and-irs-regulations/) - Understanding their tax implications is essential for business owners as cryptocurrencies become increasingly integrated into mainstream financial systems. Cryptocurrencies are treated as capital assets, and any transaction involving them—whether selling for fiat currency, trading one cryptocurrency for another, or using crypto to purchase goods and services—is considered a taxable event. The IRS requires these transactions
- [A Founder’s Guide to Navigating Toxic Term Sheet Clauses in VC Funding for Startups](https://tehcpa.net/a-founders-guide-to-navigating-toxic-term-sheet-clauses-in-vc-funding-for-startups/) - M&A advisor Walker Deibel recently tweeted and highlighted a critical issue for startup founders: a lack of understanding of the complex clauses and terms within venture capital (VC) term sheets. Deibel emphasizes that these seemingly innocuous terms can significantly impact a founder's equity, potentially leaving them with nothing despite a successful exit. Few documents are
- [Tax and Finance due diligence checklist to prepare for raising VC Investment funding and Series A rounds](https://tehcpa.net/tax-and-finance-due-diligence-checklist-to-prepare-for-raising-vc-investment-funding-and-series-a-rounds/) - Recently the well known startup incubator /seed accelerator Ycombinator, (which was launched in March 2005 and has been used to launch over 2,000 companies including Stripe, Airbnb, Cruise Automation, DoorDash, Coinbase, Instacart, and Dropbox) published a 70-page Series A guide based on its work with 190 YC companies over the last couple of years. This
- [Federal Court Suspends Enforcement of Corporate Transparency Act and BOI Reporting Temporarily](https://tehcpa.net/federal-court-suspends-enforcement-of-corporate-transparency-act-and-boi-reporting-temporarily/) - A federal court in Texas has temporarily halted the enforcement of the Corporate Transparency Act (CTA) nationwide, a law designed to increase corporate transparency. The ruling, issued on December 3, 2024, blocks the requirement for millions of small businesses to submit detailed information about their ownership and beneficial owners to the U.S. Treasury Department. Small
- [IRS Notice 2024-85 Expands 1099-K Reporting Threshold Relief to $5,000 for 2024](https://tehcpa.net/irs-notice-2024-85-expands-1099-k-reporting-threshold-relief-to-5000-for-2024/) - On Nov. 26, 2024, the IRS issued Notice 2024-85, delaying the implementation of the $600 Form 1099-K reporting threshold for third-party settlement organizations (TPSOs) like Venmo, Uber, eBay, and Etsy. This means these companies won't be required to report income over $600 to the IRS until 2026. For the next two years, the reporting thresholds
- [5 Trump tax plan ideas Business owners should know about](https://tehcpa.net/5-trump-tax-plan-ideas-business-owners-should-know-about/) - According to a recent CFO.com article, President-elect Donald Trump’s proposed tax changes could significantly affect businesses and individuals. Here are five critical elements of his plan and expert analysis to help CFOs and business owners prepare and safeguard their financial health. Tariffs Trump has outlined an aggressive tariff strategy, proposing a 60% tariff on Chinese
- [End-of-Year Closing Accounting Checklist Tips for Startup businesses](https://tehcpa.net/end-of-year-closing-accounting-checklist-tips-for-startup-businesses/) - The final quarter of the year is a pivotal time for businesses. Beyond wrapping up deals and pushing to meet annual revenue targets, many organizations are also gearing up for tax season, setting plans for the upcoming year, and finalizing next year’s budget. While forward-thinking is essential for everyone on your team, common pitfalls can
- [With GOP Controlling Congress: Which Trump Tax Cuts Are Set to Expire in 2025?](https://tehcpa.net/with-gop-controlling-congress-which-trump-tax-cuts-are-set-to-expire-in-2025/) - Taxpayers are revisiting the Tax Cuts and Jobs Act (TCJA) of 2017 as its temporary provisions expire in 2025. While some of the changes have been beneficial, others—like limits on deductions—have proven less favorable. Many wonder what changes could happen with a new administration and Congress on the horizon. Key to this uncertainty is the
- [Understanding Trump’s Tariff Plans: What Will Happen and How Does it Affect US manufacturers](https://tehcpa.net/understanding-trumps-tariff-plans-prepare-for-high-stakes-and-a-chaotic-rollout/) - President-elect Donald Trump aims to spark a "manufacturing renaissance" by imposing tariffs on imported goods, which would increase the cost of imported goods, making American-made products more competitive. While domestic manufacturers welcome the potential protection, economists caution that tariffs could trigger unintended consequences like rising inflation and interest rates. A recent Bloomberg article predicts a new
- [3 Tips to Maximize Your Small Business’s Financial Accounting Function](https://tehcpa.net/3-tips-to-maximize-your-small-businesss-financial-accounting-function/) - Accounting profession faces shortage, impacting businesses. A recent article in The CPA Journal highlighted a growing crisis in the accounting profession: a severe shortage of qualified accountants. A decline in accounting majors and a high rate of CPA eligibility for retirement have exacerbated the issue. This shortage has led to a decrease in the accuracy
- [Important Change for 401(k) ‘Max Savers’ Catch-up Contribution Limits Coming in 2025](https://tehcpa.net/important-change-for-401k-max-savers-catch-up-contribution-limits-coming-in-2025/) - starting in 2025, workers aged 60 to 63 can significantly increase their annual 401(k) catch-up contributions to either $10,000 or 150% of the catch-up limit,
- [5 Tax Planning Strategies for Investors to Reduce Your Tax Liability Before 2024 Year-End](https://tehcpa.net/5-tax-planning-strategies-for-investors-to-reduce-your-tax-liability-before-2024-year-end/) - As October approaches, now is a prime time to review your 2024 tax strategy. With potential tax law changes tied to the upcoming presidential election, this year is especially crucial for fine-tuning your approach to reducing tax liabilities, according to insights published by BNY Mellon Wealth Management. 1 Strategies for minimizing income tax As tax
- [What to Do If You Can't Meet the October 15 Tax Deadline](https://tehcpa.net/what-to-do-if-you-cant-meet-the-october-15-tax-deadline/) - The October 15th extended tax deadline has arrived, but options remain for those unable to pay their balance in full. Approximately 19 million U.S. taxpayers requested extensions by the April 15 deadline, moving their filing date to October 15. Taxpayers affected by recent natural disasters may have additional time, with deadlines ranging from November 1,
- [Election Uncertainty Drives Wealthy Americans to Estate Planning Strategies with Advisors](https://tehcpa.net/election-uncertainty-drives-wealthy-americans-to-estate-planning-strategies-with-advisors/) - Election uncertainty is sparking wealthy Americans to secure estate plans. As the presidential race intensifies, wealthy Americans seek advice from estate lawyers. The concern? A potential significant increase in estate taxes after 2025 when the current tax cuts expire. If the tax cuts are not renewed, the minimum taxable estate would drop significantly, affecting thousands
- [5 key IRA and 401(k) Changes on the Horizon for 2025](https://tehcpa.net/5-key-ira-and-401k-changes-on-the-horizon-for-2025/) - The upcoming 2025 year brings several changes to Individual Retirement Accounts (IRAs) and 401(k) plans. These modifications can help you save more for retirement, but staying informed is crucial. You should review your retirement accounts annually to stay informed of any new rules or regulations. This includes tracking changes to contribution limits, withdrawal requirements, and
- [4 Tax Deduction Write offs for Self Employed Small Business Owners To Save Money](https://tehcpa.net/4-tax-deduction-write-offs-for-self-employed-small-business-owners-to-save-money/) - While tax season may seem distant, proactive individuals are already preparing for their subsequent filing season in 2025. These forward-thinking taxpayers diligently track potential deductions to avoid the last-minute scramble as the deadline approaches. If you're among this group, you're likely keeping a close eye on your "tax write-offs." However, your list of deductibles might
- [Kamala Harris Unveils Plan for $50,000 Small Business Tax Deduction For Startup Expenses](https://tehcpa.net/kamala-harris-unveils-plan-for-50000-small-business-tax-deduction-for-startup-expenses/) - Vice President Kamala Harris has unveiled a proposal to substantially increase tax deductions for startup expenses incurred by new small businesses. This initiative is part of a broader tax-centric economic strategy that the Vice President has gradually revealed over the past few weeks. CBS News reported that Harris aims to significantly expand the small business
- [S Corporation Tax Planning Strategies for Business Owners](https://tehcpa.net/s-corporation-tax-planning-strategies-for-business-owners/) - According to IRS data, over five million small businesses operate as S corporations, primarily to benefit from lower payroll taxes by paying themselves modest salaries. While this is a common strategy, many S corporation owners are unaware of the numerous advanced tax planning opportunities available. These strategies can significantly reduce their tax burden and maximize
- [Accounting Accuracy: 5 Essential Tips for Small Business](https://tehcpa.net/accounting-accuracy-5-essential-tips-for-small-business/) - Every business dreads operating blindly. To avoid this, fast and reliable accounting is indispensable. Accounting teams generate financial reports that offer invaluable insights into a company's growth and performance. Investors and stakeholders rely on these reports to make critical financial decisions that shape the business's future. Inaccurate reports can lead to misguided decisions based on
- [Kamala Harris Democrat 2024 Presidential Nominee's Proposed Tax Plans and What Businesses should know](https://tehcpa.net/kamala-harris-democrat-2024-presidential-nominees-proposed-tax-plans-and-what-businesses-should-know/) - In a campaign mainly lacking in detailed policy proposals, Vice President Kamala Harris quietly introduced her most comprehensive plan yet this week: a proposal for nearly $5 trillion in tax increases over the next decade. The Democratic presidential nominee unveils her first revenue-raising policy, contrasting her approach with that of her Republican opponent. Vice President
- [Outsourced CFO Services: Benefits, Challenges, and Key Factors to Consider](https://tehcpa.net/outsourced-cfo-services-benefits-challenges-and-key-factors-to-consider/) - Deciding when to hire a CFO can be challenging for startups or growing small businesses. With your team focused on daily operations, finding the time and resources for a full-time CFO can feel daunting. Many growing businesses need help budgeting and might need to find out if they can afford a CFO. This creates a
- [Trump Tax Plans: How Project 2025 Could Affect Your Tax Bracket and Capital Gains](https://tehcpa.net/trump-tax-plans-how-project-2025-could-affect-your-tax-bracket-and-capital-gains/) - As the 2024 presidential election approaches, Donald Trump unveils critical tax plans that could shape his potential administration. With Trump securing the Republican presidential nomination, both political parties are closely examining Project 2025, a comprehensive and thoroughly developed policy initiative by The Heritage Foundation in collaboration with over 100 other conservative organizations. CNBC recently reported
- [Ex Fed President Dudley Shifts Stance on Interest Rate Cuts and Inflation Outlook](https://tehcpa.net/ex-fed-president-dudley-shifts-stance-on-interest-rate-cuts-and-inflation-outlook/) - William Dudley, ex-New York Fed President, reverses his stance on interest rates. Previously a strong advocate for maintaining higher rates to control inflation, Dudley has dramatically shifted his position. This change comes despite his earlier calls for increased Fed rates, made as recently as spring. Dudley, a Bloomberg Opinion columnist, serves as a non-executive director
- [IRS Accountable Plans: Expense Reimbursement Tax Benefits for S Corp Business Owners](https://tehcpa.net/irs-accountable-plans-expense-reimbursement-tax-benefits-for-s-corp-business-owners/) - According to an article in the Journal of Accountancy, employees, including business owners/employees, frequently pay expenses out of pocket for their employer or business. Typically, they either anticipate reimbursement or, until the end of 2017, had planned to claim these expenditures as a miscellaneous itemized deduction (subject to a threshold of 2% of adjusted gross
- [10 strategies for high income earner W-2 employees to reduce their tax liability (2024)](https://tehcpa.net/10-strategies-for-high-income-earner-w-2-employees-to-reduce-their-tax-liability-2024/) - Did you know that as a W-2 employee, you pay the highest taxes? Higher than businesses and investors? No group in America pays more taxes than high-salary wage earning W-2 employees. Whether you are a successful senior executive or engineer in the tech industry, a professional athlete or physician with a high salary, tax planning
- [Secure 2.0 Act Employer Retirement Plan Startup Tax Credits for Small Business Owners](https://tehcpa.net/secure-2-0-act-employer-retirement-plan-startup-tax-credits-for-small-business-owners/) - The legislation expands tax credits for small employer retirement-plan startup costs, among other things. The SECURE 2.0 Act introduces new and enhanced tax credits to help small business owners establish affordable retirement plans. These provisions encourage employers to offer benefits to their employees by incentivizing retirement savings and reducing the costs of starting retirement plans.
- [Outsourced Accounting: Should a startup hire in-house financial staff or outsource to an accounting firm](https://tehcpa.net/outsourced-accounting-should-a-startup-hire-in-house-financial-staff-or-outsource-to-an-accounting-firm/) - Accurate and timely financial accounting guides businesses towards sustainable growth and profitability. However, many organizations need help in this area. Financial statements often appear unclear, resembling a complex puzzle that requires extensive deciphering effort. More data clarity is needed to ensure quality decision-making, compliance, and accuracy efforts are maintained. Furthermore, essential financial reports move slowly
- [FASB plans for New Accounting Rules for Software Costs removing from balance sheet for companies that internally use it](https://tehcpa.net/fasb-plans-for-new-accounting-rules-for-software-costs-removing-from-balance-sheet-for-companies-that-internally-use-it/) - In today's economy, software development costs represent a significant portion of many companies' operating budgets. The method a company uses to account for these costs—whether expensing them as regular business costs or capitalizing them as investments in company assets—can greatly impact the bottom line. Deciding which costs to capitalize and which to expense is a
- [IRC Section 174 Updates: Navigating R&D Software Development Cost Capitalization Impacts](https://tehcpa.net/irc-section-174-updates-navigating-rd-software-development-cost-capitalization-impacts/) - Have you heard of a change in Section 174 of the US tax law that kicked in a few years ago? This exploration of Section 174's impact on software development cost capitalization hinges on two key developments: the introduction of the new IRC 174 statute in late 2017 and the subsequent IRS Notice 2023-63 published
- [6 Signs that you’ve might have outgrown your current California CPA accounting firm](https://tehcpa.net/6-signs-that-youve-might-have-outgrown-your-current-california-cpa-accounting-firm/) - Did last year's taxes leave you scrambling to meet the deadline? Are you worried you might have missed something? You're not alone. Now that tax season is over, it's the perfect time to take a step back and reflect on your experience, empowering yourself to make changes if needed. If filing your taxes was stressful,
- [California Senate Bill 4 New Housing Law Unlocks Tax benefits for Developers, Higher Ed, Religious Groups](https://tehcpa.net/california-senate-bill-4-new-housing-law-unlocks-tax-benefits-for-developers-higher-ed-religious-groups/) - If California wants to build its way out of its long-term housing shortage, plenty of things stand in its way in 2024: high interest rates, sluggish local approval processes, and a persistent shortage of skilled construction workers, among others. Calmatters reported that a slew of housing bills from the 2023 legislative session, which went into
- [6 signs your company may have outgrown using Quickbooks Online accounting software](https://tehcpa.net/6-signs-your-company-may-have-outgrown-using-quickbooks-online-accounting-software/) - The exhilaration of revenue growth and expansion is undoubtedly a badge of honor for small businesses and startups. However, this achievement is often accompanied by operational complexities hindering efficiency and profitability. Manual and error-prone processes can overwhelm your ability to close books promptly and impede automation integrations as your organization scales. This pivotal juncture represents
- [The IRS plans to triple the audit rates on wealthy individuals and corporations earning more than $10 million per year](https://tehcpa.net/the-irs-plans-to-triple-the-audit-rates-on-wealthy-individuals-and-corporations-earning-more-than-10-million-per-year/) - CNN recently reported that the Internal Revenue Service detailed its plans in early May, 2024 to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022. The IRS is gearing up to intensify its audit efforts to crack down on tax
- [Estate and Tax Planning in 2024: Expiring TJCA provisions, Valuations of Assets](https://tehcpa.net/estate-and-tax-planning-in-2024-expiring-tjca-provisions-valuations-of-assets/) - For many families, their ownership stake in a privately held business represents the most valuable asset in their estate. Valuing this ownership interest for estate planning or transfer tax purposes can be complex, requiring careful consideration of numerous factors. Any valuation report, whether prepared for estate tax filing or gift purposes, is subject to IRS
- [Biden Budget Plan Offers Preview of Potential Tax Policy Changes in Second Term](https://tehcpa.net/biden-budget-plan-offers-preview-of-potential-tax-policy-changes-in-second-term/) - Biden's $6.9 Trillion budget blueprint previews potential tax agenda for the second term. On March 11, 2024, President Biden unveiled his proposed federal budget for fiscal year 2025, which included a range of tax-related provisions. Concurrently, the Treasury Department released an in-depth "Greenbook" analysis of these tax plan details. While the budget proposals still require
- [IRS Ramps Up Audits of Personal Use Deductions for Corporate Private Jet Flight Usage](https://tehcpa.net/irs-ramps-up-audits-of-personal-use-deductions-for-corporate-private-jet-flight-usage/) - IRS continues to apply more scrutiny on high-income taxpayers and announced the beginning of audits focused on the personal use of business aircraft. The IRS announced in February of 2024 that is launching a targeted enforcement initiative focusing on business deductions claimed for private jet usage by high-net-worth individuals and large corporations. With the additional
- [Is your business eligible to cash in on the $5.5B Visa Mastercard fee settlement](https://tehcpa.net/is-your-business-eligible-to-cash-in-on-the-5-5b-visa-mastercard-fee-settlement/) - According to a recent Fox 7 Austin News report, millions of business owners nationwide may be eligible to receive a portion of a $5.54 billion class-action settlement against Visa and Mastercard. The settlement stems from allegations that the credit card giants had inflated merchant fees charged to businesses for accepting customer payments. While Visa and
- [How a Startup can use financial statements to Manage Cash Flow & avoid cash crunch](https://tehcpa.net/how-a-startup-can-use-financial-statements-to-manage-cash-flow-avoid-cash-crunch/) - Running out of cash is a stressful worry for every startup or small business owner. Few situations are more daunting than sitting down to process payroll only to realize that you need more money on hand than you anticipated. While cash flow crises can strike in any economic climate, the risk is heightened during times
- [U.S. DOL’s New Final Labor Department Rule on Classifying Employee vs Independent Contractors Saved to Drive](https://tehcpa.net/u-s-dols-new-final-labor-department-rule-on-classifying-employee-vs-independent-contractors-saved-to-drive/) - The U.S. Department of Labor (DOL) took a significant step in clarifying the classification of workers as employees or independent contractors with the publication of its Final Rule on Employee or Independent Contractor Classification in the Federal Register on January 10, 2024. This rule aims to provide employers with guidance on determining worker classification under
- [Early Stage Startup Revenue Milestones and Metrics - 10k Per Month](https://tehcpa.net/early-stage-startup-revenue-milestones-and-metrics-10k-per-month/) - As a startup emerges from its earliest stages, achieving key revenue milestones and tracking critical metrics become paramount for driving growth. While initially focused on building a minimum viable product and assembling a founding team, startups must quickly shift attention to generating sales. If you are fundraising for your startup, investors will want to
- [IRS challenges what health item purchases qualify for Medical Expense Reimbursement for tax free HSAs and FSAs](https://tehcpa.net/irs-challenges-what-health-item-purchases-qualify-for-medical-expense-reimbursement-for-tax-free-hsas-and-fsas/) - As the 2024 tax-filing season begins, the Internal Revenue Service is warning about improper use of tax-advantaged health spending accounts. The agency aims to prevent taxpayers from being misled into thinking general wellness expenses qualify as eligible medical costs. In a recent press release, the IRS clarified that personal health and wellness purchases—such as weight
- [Social Security Benefits Claiming Strategies for Married Couple with Age and Earnings Gaps](https://tehcpa.net/social-security-benefits-claiming-strategies-for-married-couple-with-age-and-earnings-gaps/) - Optimizing Social Security claiming would be straightforward if most couples had similar work histories and comparable earnings. Picking the ideal filing age would just involve assessing two roughly equal retirement benefits. However, in reality equal careers are uncommon among spouses. Frequently one partner ends up earning significantly more over their working life than the other.
- [new Secure Act 2.0 law allows 529 college savings accounts to be rolled over tax free into Roth IRA retirement Accts](https://tehcpa.net/new-secure-act-2-0-law-allows-529-college-savings-accounts-to-be-rolled-over-tax-free-into-roth-ira-retirement-accts/) - The federal Secure Act 2.0 law now allows up to $35,000 from 529 college savings accounts to be rolled over into a Roth IRA retirement account under certain conditions. Recently, the NY Times reported that this change provides more flexibility for 529 account beneficiaries who do not need the funds for educational expenses. Previously, 529
- [The IRS expects to collect over 560 billion more in unpaid taxes due to funding from Inflation Reduction Act](https://tehcpa.net/the-irs-expects-to-collect-over-560-billion-more-in-unpaid-taxes-due-to-funding-from-inflation-reduction-act/) - According to reporting from CBS News and Fortune Mag, the IRS said it is poised to collect hundreds of billions of dollars of additional tax revenue by going after overdue and unpaid taxes, far beyond what was previously anticipated, thanks to funding from the Inflation Reduction Act (IRA). The IRS is positioned to collect up
- [8 strategies to help budget, save and build retirement wealth](https://tehcpa.net/8-strategies-to-help-budget-save-and-build-retirement-wealth/) - building retirement wealth requires a holistic approach integrating strategic planning, budgetary discipline, and prudent financial behaviors. Follow these 8 tips
- [The Top Employee Benefits Trends for 2024 that companies should understand to stay competitive](https://tehcpa.net/the-top-employee-benefits-trends-for-2024-that-companies-should-understand-to-stay-competitive/) - As the 2024 year has just begun, it's an excellent time to reassess your employee benefits as a small business owner. Offering competitive employee or fringe benefits is critical to attracting and keeping great talent. However, navigating the benefits maze can be incredibly daunting when short on time and resources. The new year offers a
- [Is Inflation Retreating for the US Economy in 2024?](https://tehcpa.net/is-inflation-retreating-for-the-us-economy-in-2024/) - We received much information about inflation in the first week of January 2024. Some seemed to support the idea that inflation was sticky, meaning it wasn’t moving lower, while other data suggested inflation was in retreat. Here’s what we learned: Headline inflation, as measured by the Consumer Price Index, suggested inflation was headed in the
- [What is a Roth IRA Conversion, And Should You Convert or Rollover Your Retirement Savings into it?](https://tehcpa.net/what-is-a-roth-ira-conversion-and-should-you-convert-or-rollover-your-retirement-savings-into-it/) - To Roth or not Roth? A Roth individual retirement account (IRA) provides the opportunity for tax-free growth and withdrawals in retirement. The rules associated with a Roth IRA state that if you have held the account for at least 5 years and are over the age of 59.5, withdrawals can be made tax-free. This differs
- [Incorporated in Delaware? notices requesting “verified reports” of unclaimed property maybe coming](https://tehcpa.net/incorporated-in-delaware-notices-requesting-verified-reports-of-unclaimed-property-maybe-coming/) - Did you incorporate your business in the state of Delaware? Unclaimed wages, vendor payments, and receivable credit balances gather dust in countless companies, including those operating in Delaware. These "lost and founds" are governed by dynamic state programs, especially in Delaware's bustling corporate landscape. Stay ahead of the curve and learn how to recover your
- [$206 Tax Relief: IRS Waives $1 Billion in Penalties for 4.7 Million Taxpayers](https://tehcpa.net/206-tax-relief-irs-waives-1-billion-in-penalties-for-4-7-million-taxpayers/) - Due to pandemic disruptions, the IRS failed to issue required automated collection notices to roughly 4.7 million taxpayers between 2020 and 2022. Consequently, the agency has agreed to waive an estimated $1 billion in associated penalties as they work to resolve these past-due accounts. Individuals and businesses that went over two years without receiving standard
- [5 new compliance & regulatory issues that small business will face in 2024](https://tehcpa.net/5-new-compliance-regulatory-issues-that-small-business-will-face-in-2024/) - Small business employers need to understand the new laws and regulations that start in 2024 related to wages, taxes, loans, labor, and financial crimes. Regulations aim to enhance business practices, prevent exploitative or unlawful conduct, and shield employees. However, for small business owners, these new laws frequently impose additional bureaucracy, elevated expenses, and potential sanctions
- [2023 Year-End Tax Planning Topics and Strategies For Business Owners](https://tehcpa.net/2023-year-end-tax-planning-topics-and-strategies-for-business-owners/) - Its that time of the year again, here are the top 2023-year end tax planning strategies for business owners. 2023 has been another year of challenging economic turbulence, marked by recession fears, tight labor markets, and persistent inflation. Businesses are increasingly focused on mitigating rising interest rates to manage borrowing costs. As the calendar turns,
- [6 step checklist for small business tax preparation filing 2023 tax year](https://tehcpa.net/6-step-checklist-for-small-business-tax-preparation-filing-2023-tax-year/) - Juggling the responsibilities of a small business owner can feel overwhelming. Hiring, daily operations, marketing, and more – where's the time for managing the books, paying vendors, interviewing new hires, and preparing for tax season? For many, tax season conjures images of frantic document gathering, form-filling, and nail-biting anxiety, wondering if you saved enough money
- [How to Calculate Return On Assets (ROA) Ratio Formula with Examples To Measure Profitability](https://tehcpa.net/how-to-calculate-return-on-assets-roa-ratio-formula-with-examples-to-measure-profitability/) - As a business owner, you may invest in resources, such as equipment, manufacturing facilities, machinery, buildings, vehicles, computers, etc, to grow your business. From an accounting perspective, these are tangible and intangible assets, but have you analyzed how efficiently your company utilizes these investments to create profits for the business? Key Takeaways Return on assets,
- [The new Beneficial ownership (BOI) FINCEN reporting requirements for Businesses in January 2024](https://tehcpa.net/the-new-beneficial-ownership-boi-fincen-reporting-requirements-for-businesses-in-january-2024/) - As part of the Corporate Transparency Act (CTA), enacted in 2021, there are new reporting requirements for companies created or registered to do business in the United States. Starting on January 1, 2024, many U.S. businesses must provide information regarding the company and its beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Companies (other
- [2024 Federal tax bracket changes, Inflation Adjustments, Post TCJA provision expiration tax planning](https://tehcpa.net/2024-federal-tax-bracket-changes-inflation-adjustments-post-tcja-provision-expiration-tax-planning/) - The individual tax environment will change significantly in two years from now, absent congressional action. Barring congressional action, significant tax changes automatically take effect after 2025 when critical provisions enacted under the 2017 Tax Cuts and Jobs Act (TCJA) expire. Notable impacts: Top individual rate rises to 39.6% from 37% Ends 20% qualified business income
- [6 Lessons Startups Can Learn from Wework's Mistakes](https://tehcpa.net/6-lessons-startups-can-learn-from-weworks-mistakes/) - The summer of 2019 seems like a lifetime ago; global pandemics and interest rates were nearly zero. The Softbank Vision Fund (SVF), formed in 2017, represented unprecedented levels of capital for tech investment at over $100 billion. This exponential quantum, 10x larger than other top venture funds, became available thanks to loose financial conditions. The
- [How Variable Expenses Can Impact your Business Budget](https://tehcpa.net/how-variable-expenses-can-impact-your-business-budget/) - Variable costs, also known as variable expenses, are expenses that vary or change on a weekly or monthly basis, and have an impact on your business budget 
- [Understanding Non-Deductible Business Expenses: 13 Common Examples](https://tehcpa.net/understanding-non-deductible-business-expenses-13-common-examples/) - Business expenses are the daily costs of operating your company, from conventional utilities, such as electricity and water, to employee wages to federal and local taxes. Business deductions exclude necessary expenditures from taxation. However, some costs tied to a company may not qualify as write-offs despite appearing related. Typically, expenses deemed indirectly business-related or unnecessary
- [EV Tax Credit 2023  Rules and Qualifications for Buying Electric Vehicle](https://tehcpa.net/ev-tax-credit-2023-rules-and-qualifications-for-buying-electric-vehicle/) - Thinking of buying an electric vehicle this year or in 2024? The federal EV tax credit could save you thousands, but changes from the Inflation Reduction Act have expanded and modified the electric vehicle tax credit, making the rules more complex. Which means that a person that purchases qualified vehicles through 2032 may be eligible
- [Sales and operations transformation strategies for product companies to avoid cash flow and liquidity risks](https://tehcpa.net/sales-and-operations-transformation-strategies-for-product-companies-to-avoid-cash-flow-and-liquidity-risks/) - While managers often view liquidity risks as a finance issue, team behaviors across sales and operations directly impact corporate liquidity, working capital and cash flow. Enhancing these groups' alignment, forecasting, supply chain linkage, and priorities can significantly strengthen cash positions. Rather than siloed functions, collaborative sales and operations teams improve projections and inventory calibration, reducing
- [LLC VS S-Corp - What Profit Level Does it Make Financial Sense to Convert to an S-Corp?](https://tehcpa.net/llc-vs-s-corp-what-profit-level-does-it-make-financial-sense-to-convert-to-an-s-corp/) - Many small businesses and startups initially incorporate their business entity company structure as an LLC due to their simplicity and low set up cost, which is a suitable approach when a new business is just starting out because LLCs offer liability protection and other benefits for fledgling ventures. However, entrepreneurs may not be aware that
- [Cash Management and Working Capital Tips for eCommerce Brands feeling a cash crunch in Q4](https://tehcpa.net/cash-management-and-working-capital-tips-for-ecommerce-brands-feeling-a-cash-crunch-in-q4/) - Some quick cash management tips for those feeling the Q4 purchasing crunch. With rising interest rates, supply chain disruptions, and increased inventory requirements, doing business today is challenging. Specifically for folks feeling the cash crunch, but don't have great financing options to turn to. Managing cash flow and working capital is vital for any business's
- [With Inflation, Housing, Rent, Gas, Food, and Interest Rates all Up- Some Feel the US is in a Silent Depression in 2023](https://tehcpa.net/with-inflation-housing-rent-gas-food-and-interest-rates-all-up-some-feel-the-us-is-in-a-silent-depression-in-2023/) - With Inflation, Housing, Rent, Gas, Food, and Credit Card Debt all up, a trend on social media is calling our current economy the Silent Depression some disagree
- [How to Plan a Business Budget for a Startup](https://tehcpa.net/how-to-plan-a-business-budget-for-a-startup/) - Launching a startup is an exciting adventure yet demands meticulous financial planning for sustainability. Some of things that come along include: researching your market, building your first product MVP or service, picking a good location if you're not fully remote, securing funding, building an effective team, and creating a financial plan to ensure that you
- [10 Red Flag Filing Mistakes to Avoid Triggering an IRS Audit as a Self-Employed Business Owner](https://tehcpa.net/10-red-flag-filing-mistakes-to-avoid-triggering-an-irs-audit-as-a-self-employed-business-owner/) - There are many benefits to being self-employed, sole proprietor or a small business owner, but there are also risks (even if the chances are small) one of those is making a filing mistake that triggers an IRS audit. So let's go over some of the most common IRS audit red flags to avoid, so that
- [Financial Forecasting fundamentals, methods to predict business performance](https://tehcpa.net/financial-forecasting-fundamentals-methods-to-predict-business-performance/) - The risks of creating and running a startup or small business are part of the journey, and unfortunately, there are many factors that are beyond your control such as shifting market trends or changing economic factors. According to a recent article in Business Insider venture capital funding is not easy to come by these days.
- [Small Business Loans & Credit are harder and more expensive to get approved in 2023](https://tehcpa.net/small-business-loans-credit-are-harder-and-more-expensive-to-get-approved/) - A recent article published in CFO.com mentioned that NFIB Chief Economist Bill Dunkelberg had recently stated that “with small business owners’ views about future sales growth and business conditions dismal, some small business owners want to hire and make money now from solid consumer spending.” Since the economic data of U.S. retail sales rose 0.7%
- [8 Lessons professional golfers can teach you about investing for retirement?](https://tehcpa.net/8-lessons-professional-golfers-can-teach-you-about-investing-for-retirement/) - What do Golf and investing have in common: 8 takeaway lessons from professional golf which can be useful when planning for retirement and managing finances. Golf is quite popular with business professionals, in fact, according to a Forbes article, “A whopping 90% of Fortune 500 CEOs play golf, and 80% of executives say playing golf
- [Quickbooks Online Tips: What Type of Chart of Accounts and Categories Should a Business Set Up](https://tehcpa.net/quickbooks-online-tips-what-type-of-chart-of-accounts-and-categories-should-a-business-set-up/) - A properly set up chart of accounts in Quickbooks is the backbone of sound financial accounting infrastructure for a small business. It is important for organizing financial transactions, providing accurate financial reporting, streamlining bookkeeping processes, to make more data-informed business decisions. Don't just take my word for it, when it comes to managing your finances,
- [Should Businesses using Credit Card Rewards be Recorded for Accounting and Tax Purposes](https://tehcpa.net/should-businesses-using-credit-cards-rewards-be-recorded-for-accounting-and-tax-purposes/) - Many companies will take advantage of credit card rewards programs to keep employee spending costs in line and improve the bottom line. But some organizations are confused about whether they need to account for credit card rewards and if using them will have any accounting or tax ramifications. A recent Forbes article, written about this
- [6 Tips to Simplify Small Business Accounting and Taxes](https://tehcpa.net/6-tips-to-simplify-small-business-accounting-and-taxes/) - Use these 6 tax and accounting strategies to make your small businesses back-office run more efficiently.
- [Social Security COLA Estimates 3% for 2024, beneficiaries may see a lower cost of living adjustment as inflation cools](https://tehcpa.net/social-security-cola-estimates-3-for-2024-beneficiaries-may-see-a-lower-cost-of-living-adjustment-as-inflation-cools/) - The latest inflation figures are out for June. What is the impact on the 2024 COLA for seniors? The falling U.S. inflation rate is good news for American consumers, but it could lead to a much smaller cost-of-living adjustment (COLA) for Social Security beneficiaries next year — possibly as low as 3% or less. The
- [6 Tax Tips to Save You Thousands as Small Business Owner](https://tehcpa.net/6-tax-tips-to-save-you-thousands-as-small-business-owner/) - Taxes are your biggest expense in life so strategic tax planning is a must, pay your legal share and not a dollar more. The tax code is over 75,000 pages and the wealthy use every page to legally avoid taxes (and you should too). Here are 6 tax tips that can save thousands: 1) Business
- [Cancel the recession: does soaring gold mean no longer economic doom?](https://tehcpa.net/cancel-the-recession-does-soaring-gold-mean-no-longer-economic-doom/) - Recently a Bloomberg Opinion writer Jessica Karl wrote that back in the summer of 1971, Richard Nixon shocked the world — not by eating cottage cheese with ketchup, but by chopping the dollar’s connection to gold. Gold prices skyrocketed, and soon after the economy wilted, with a recession followed by stagflation followed by the Sonny
- [Understanding Solvency Ratios vs Liquidity Ratios for Your Startup Business](https://tehcpa.net/understanding-solvency-ratios-vs-liquidity-ratios-for-your-startup-business/) - As every startup business grows, its revenue, profits, and liabilities fluctuate as well. And with technology, engineering, product development, office space, and recruiting top talent, founders require a financial measurement to show how they deploy capital responsibility in order to achieve certain financial growth milestones to investors — especially at later stages. Along with other
- [With Bonus Depreciation Being Phased Out In 2023, Is Cost Segregation Tax Deferral Strategy Still Worth It?](https://tehcpa.net/with-bonus-depreciation-being-phased-out-in-2023-is-cost-segregation-tax-deferral-strategy-still-worth-it/) - Proactive fixed asset work can help increase current-year depreciation deductions, free up your time to focus on your business and provide peace of mind through reduced exposure. Recently Dave Mcguire, a partner at Mcquire Sponsel published an article in Accounting Today, about the topic of “is cost segregation still valuable as bonus depreciation is being
- [Should a Startup Raise Series A Funding To Grow Or try to Sell and Get Acquired by a Larger Company?](https://tehcpa.net/should-a-startup-raise-series-a-funding-to-grow-or-try-to-sell-and-get-acquired-by-a-larger-company/) - 🌲 The days of easy-flowing vc investment funding likely led to the intense funding swell of the past few years leading up to 2022. Currently, the economic environment in 2023 is rocky, the Fed keeps raising interest rates, which makes borrowing capital more expensive, bank failures and practically everything you go purchase costs more now.
- [De-Dollarization efforts are happening: what would happen if the dollar loses its global reserve currency status?](https://tehcpa.net/de-dollarization-as-is-happening-what-would-happen-if-the-dollar-loses-its-global-reserve-currency-status/) - The U.S. dollar is the most powerful currency that exists today. Yet financial analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. One of the more intriguing financial trends of 2023 has been the de-dollarization movement. This is an effort by a growing number of countries to reduce
- [Ikea's Non-Profit Ownership Structure Tax Strategies it Uses to Save Hundreds of Millions in Taxes Each Year](https://tehcpa.net/ikeas-non-profit-ownership-structure-tax-strategies-it-uses-to-save-hundreds-of-millions-in-taxes-each-year/) - Ikea makes billions tax-free by operating the world’s largest “charity.” Forget about the Gates Foundation. The world’s biggest charity owns IKEA — which is not only devoted to interior design. And they make $40 billion in annual revenue. This means they get to avoid a lot of taxes... Here's how they do it. Ikea’s
- [11 Financial Money-Making Basics to Understand to Make Better Financial Decisions](https://tehcpa.net/11-financial-money-making-basics-to-understand-to-make-better-financial-decisions/) - Everyone wants to make money or be an investor...Here’s the key to learning business: Speak the language of money, oddly you usually make more of it. Speak the language of investing, oddly you can invest better. Get excited by private equity, taxes, metrics, and finances. Learn the bare essentials. Then go put them into practice.
- [Businesses Structured as Partnerships Could Have Increased Tax Audit Risk in 2023](https://tehcpa.net/businesses-structured-as-partnerships-could-have-increased-tax-audit-risk-in-2023/) - The Biden Adminstration, passed a bill last year called the Inflation Reduction Act, which allocated billions in funding and beefing up the IRS over the next decade to go after high net worth individuals to pay their “fair share”. Today, the IRS is steadily cracking down on tax evasion and fraud focusing on high-net-worth filers
- [2023 tax season reduction strategies if you earn over 6 figures $100,000](https://tehcpa.net/top-tax-season-2023-saving-tips-to-lower-tax-liability-if-you-earn-over-6-figures-100000/) - These days the price of almost everything is higher, from food to housing, to the cost of goods and services and even people that make 6 figures a year or more are feeling the squeeze of inflation, taxes, and cost of living adjustments on their money. In places such as the Bay Area or NYC,
- [How high-income earners can use a Backdoor Roth IRA conversion to supplement their retirement savings](https://tehcpa.net/how-high-income-earners-can-use-a-backdoor-roth-ira-conversion-to-supplement-their-retirement-savings/) - Planning and saving for retirement should be a priority for every person. According to a survey from YouGov, 49% of Americans said saving money was one of their New Year’s resolutions for 2022. But just wishing without taking proactive steps won't deliver results. You have to do something different if you want your habits—and your
- [Cryptocurrency investor tax reporting for 2023 tax season](https://tehcpa.net/cryptocurrency-investor-tax-reporting-for-2023-tax-season/) - The dramatic crash in cryptocurrency prices in 2022 and the bankruptcies of FTX and other crypto exchanges have added complexity to crypto taxes, while the IRS and Congress continue to crack down on tax cheating with digital assets. Cryptocurrencies and other digital assets had a tumultuous 2022. The price of bitcoin dropped more than 60%
- [Small business owners' guide to the 2023 tax filing season](https://tehcpa.net/small-business-owners-guide-to-the-2023-tax-filing-season/) - Here is a small business owner's guide to the 2023 tax filing season. The volume and pace of tax changes over the past 5 years have been interesting. The 2017 overhaul has been followed by other law changes, including two major updates of retirement-account rules and a host of provisions responding to the Covid-19 pandemic.
- [Capital Gains -Tax Rates and Brackets for 2022-2023 Investment Income](https://tehcpa.net/2022-2023-investment-income-capital-gains-tax-rates-and-brackets/) - [vc_row][vc_column css=”.vc_custom_1680120898379{background-color: #ffffff !important;}”][vc_column_text css=”.vc_custom_1680117672290{margin-bottom: 0px !important;}”] Learn about 2022-2023 capital gains tax rates and brackets and strategies to minimize your tax bill. Individuals who invest their money in taxable brokerage trading accounts – as opposed to tax-favored retirement accounts like IRAa or 401(k)s – quite often qualify for lower rates on investment income and
- [Should Business Owners file for a tax extension in 2023 tax season?](https://tehcpa.net/should-business-owners-file-for-a-tax-extension-in-2023-tax-season/) - As a small business owner, or startup founder, should you file for an extension this 2023 tax season? Recently a Forbes tax news reporter Kelly Philips Erb wrote an article about this topic saying it isn't an act of desperation to file an extension or is it a smart tax planning strategy. Mrs Erb stated
- [Filing Tips and Errors to Avoid for Self Employed Freelancers for 2023 tax Season](https://tehcpa.net/filing-tips-and-errors-to-avoid-for-self-employed-freelancers-for-2023-tax-season/) - This article offers freelancers tax tips and mistakes to avoid for this year's 2023 tax filing season. Side hustles, independent contractors, gig work, or working for yourself as a freelancer can be very appealing and have quite a few benefits. So if you chose to skip the typical 9 to 5 job that has a
- [Finance fundamentals For VC Backed Startups - Setting Budgets for Probabilities](https://tehcpa.net/finance-fundamentals-for-vc-backed-startups-setting-budgets-for-probabilities/) - Not every startup puts emphasis on basic finance fundamentals from the start. A big part of running a successful startup company (including, sales, marketing and product teams,) comes down to managing finances, yet in the early days, it can feel like you not making any progress. Learn how you can go from scrappy and lean
- [Tax Season 2023 filing Returns tips: Job Changes, Side Hustles, Stock Losses or Moved States](https://tehcpa.net/tax-season-2023-filing-returns-tips-job-changes-side-hustles-stock-losses-or-moved-states/) - Getting prepared for filing in the 2023 tax season, here are tips to navigate if you have changed jobs, lost money in the stock market or moved to a different state to avoid any tax filing issues with the IRS this year. A recent article published by Bloomberg explains that this years filing will be
- [Cap Tables : What Startups Founders Need to Know About Equity Ownership When Raising Investor Capital](https://tehcpa.net/cap-tables-what-startups-founders-need-to-know-about-equity-ownership-when-raising-investor-capital/) - Are you a startup founder that is pitching investors for a seed round or Series A investment? It can be nerve-racking enough just finding and pitching the right investors. Let alone getting caught up to speed on all of the technicalities of the investment capital — how you should calculate your valuation, what your term
- [Managing Startup equity compensation for founders and early employees](https://tehcpa.net/managing-startup-equity-compensation-for-founders-and-early-employees/) - Startup compensation is often an opaque and awkward topic for first-time founders. How much equity do I receive? My CEO? The PI(s)? Other co-founders? How will the decisions affect future compensation? The truth is, equity allotment is not a one-size-fits-all proposition. Your startup is gaining traction, and you’re bringing on an all-star team to help you build
- [Inflation Fell To 6.4% In January— as the cost of housing, food and gas rose](https://tehcpa.net/inflation-fell-to-6-4-in-january-as-the-cost-of-housing-food-and-gas-rose/) - The U.S. Bureau of Labor Statistics released its latest report on the Consumer Price Index, the most widely used of the monthly inflation gauges, today. The data revealed that the all items index increased 6.4% over the past 12 months before seasonal adjustment. Although it's well below the 9.1% summer peak, the CPI suggests inflation
- [5 strategies to reduce your startup's expenses and extend your cash runaway](https://tehcpa.net/5-strategies-to-reduce-your-startups-expenses-and-extend-your-cash-runaway/) - Recently I came across a startup founder Brandon Arvanagi who tweeted about 4 strategies he used to earn his startup an extra $1,450,000 a year. And it has nothing to do with selling a product. Most startups take several years to become profitable from their sales or revenue and as a result, they require an
- [IRS Extends Tax Filing Date To May 15th For Californians affected by Severe Storms and Floods](https://tehcpa.net/irs-extends-tax-filing-date-to-may-15th-for-californians-affected-by-severe-storms-and-floods/) - Recently ABC 7 news reported that the IRS says Californians who were affected by the intense storms, flooding and mudslides will get more time to file this year's taxes. On January 10th, 2023, the IRS announced disaster relief that extends federal tax deadlines for taxpayers in certain California counties to May 15, 2023. This relief is
- [How to get your startup or private business sold and acquired by a larger company](https://tehcpa.net/how-to-get-your-startup-or-private-business-sold-and-acquired-by-a-larger-company/) - Do you have a profitable small business or startup that you would like to sell and get a financial return to retire or move on to a new venture? Selling a privately held small business is a complex venture that involves several considerations. It can require that you enlist an M&A banker / broker, accountant,
- [IRS delays implementing Form 1099-K $600 3rd party payment reporting threshold until 2023, relief for Gig Economy Self Employed and freelancer taxes](https://tehcpa.net/irs-delays-implementing-form-1099-k-600-3rd-party-payment-reporting-threshold-until-2023-relief-for-gig-economy-self-employed-and-freelancer-taxes/) - Small biz accountants, third-party settlement organizations, e-commerce platforms (including eBay, PayPal, Etsy, CashApp, and Venmo), and self-employed freelancers, sole proprietors and small businesses that use those platforms to sell their products and services got an early gift today. The Internal Revenue Service (IRS) announced a delay in the new 1099-K reporting threshold enacted by Congress
- [15 Tips for Early Startup Fund Raising in 2023](https://tehcpa.net/15-tips-for-early-startup-fund-raising-in-2023/) - Fortune mag recently published a post stating “you’ve seen it all over the headlines: VCs are slowing their check-writing pace as we head further into the year. And raising money for your startup could get even trickier in 2023, even for the early stages.” A founder of Launchhouse startup incubator, Michael Houck recently wrote a
- [C-Corp VS S-Corp VS LLC - Which Business Entity Structure Should You Choose?](https://tehcpa.net/c-corp-vs-s-corp-vs-llc-which-business-entity-structure-should-you-choose/) - Do you have a new startup or small business, you might be wondering what are the differences and advantages to incorporating your business as a Limited liability company (LLC), S corporation (S-corp), and C corporation (C-corp). Whether you’re just starting a business or thinking of changing your business structure, a common first step is comparing the
- [Understanding Financial Statements & Reports for Small Businesses to make Smarter Business Decisions](https://tehcpa.net/understanding-financial-statements-reports-for-small-businesses-to-make-smarter-business-decisions/) - Financial reporting is an important part of managing and operating a successful small business. It provides important information and metrics about your financial performance over time. Unfortunately, many small business owners or startup founders are intimidated by their accounting and choose to hide from it. Let’s take a closer look at the importance of financial
- [Estate Planning for Small business Owners - Understanding Succession and Taxes](https://tehcpa.net/estate-planning-for-small-business-owners-understanding-succession-and-taxes/) - According to a recent article in LegalZoom, many family-run small businesses don’t survive the first generation but the reason not being that the business wasn’t profitable, but actually due to lack of succession or estate planning as well communication. There literally is no one to oversee the continuation of the business, or the heirs have
- [Startup Fundraising Tips: 11 most common pitch deck red flags to Avoid](https://tehcpa.net/startup-fundraising-tips-11-most-common-pitch-deck-red-flags-to-avoid/) - Startups have to pitch investors to raise financing. Many entrepreneurs from earlier-stage companies make common mistakes that could be avoided. Whether you’re raising your first pre-seed, seed stage round or you’re ready for the larger series A funding round or venture capital. It may not always seem like it, but Venture Capital investors are actively
- [7 Year-End Tax Planning Strategies 2022 For Small Business Owners](https://tehcpa.net/7-year-end-tax-planning-strategies-2022-for-small-business-owners/) - It has been a challenging year both economically speaking and in terms of tax planning. While we have seen some federal tax legislation, the changes have been far more limited than many expected. Additionally, the continuing tight labor market, worries over a possible recession and high inflation are dominating concerns. In this vein, the Federal
- [18 Financial KPIs that Startups Should Use to Manage Finances and track Performance](https://tehcpa.net/18-financial-kpis-that-startups-should-use-to-manage-finances-and-track-performance/) - KPIs measure an organization’s progress toward its objectives and tell the story of how well a company is performing. But with the vast amount of information available, which metrics are most crucial to track success? The immense amount of information available to decision-makers today can also be overwhelming, the enterprise accounting software organization Netsuite recently
- [Employee Retention Tax Credit (ERC) And how your Business can Retroactively Claim Your payroll tax credit through 2024](https://tehcpa.net/employee-retention-tax-credit-erc-and-how-your-business-can-retroactively-claim-your-payroll-tax-credit-through-2024/) - As a small to medium-sized business, it’s likely that you were negatively impacted by COVID-19, and did you keep employees on the payroll during the pandemic? And if you remember, due to the shutdowns and financial stress Covid had on businesses, in March of 20202 Congress passed a huge stimulus package called the Coronavirus Aid,
- [The People Productivity KPI Metric: Calculating Revenue Per Employee - How Much Revenue Should Each Worker Generate?](https://tehcpa.net/the-people-productivity-kpi-metric-calculating-revenue-per-employee-how-much-revenue-should-each-worker-generate/) - A tight labor market has placed increased wage pressures on employers over the last few years. The result has been a material increase in labor costs for employers looking to backfill vacant positions, retain key personnel, or grow their business with added human resources. According to an AIHR article, Far too often, organizations focus on
- [Cash Flow Management: Gauging Risk VS Reward with Corporate Capital Investments During Inflationary Times](https://tehcpa.net/cash-flow-management-gauging-risk-vs-reward-with-corporate-capital-investments-during-inflationary-times/) - Startups, midsize and large corporations are all feeling the burn of inflation in their cash reserves. Inflation continues to hurt the spending value of the U.S. dollar domestically. Now Adam Zaki a contributor for CFO.com recently published an article that states that chief financial officers and treasurers at large companies that have substantial cash on
- [6 Self Employed Tax Deductions Small Business Owners Should Know](https://tehcpa.net/6-self-employed-tax-deductions-small-business-owners-should-know/) - There’s also not much you can do to stop interest rates from climbing or stocks from falling, either. Still, you may have more control than you realize when it comes to another financial pain point that can significantly impact your budget — your taxes. Taxes are your largest expense in life. You can reduce your
- [6 Personal Finance Tips for Startup Founders to Better Manage Income and Build Wealth](https://tehcpa.net/6-personal-finance-tips-for-startup-founders-to-better-manage-income-and-build-wealth/) - 1st-time startup founders spend a lot of time worrying about business growth, but you should be spending an equal amount of time being proactive about your personal finances. Building a sustainable business requires you to maintain a long-term view. What you do now can be the building blocks for either financial success or major problems
- [How business owners can bypass Section 469 passive loss limitation by using the commercial property self-rental loophole](https://tehcpa.net/how-business-owners-can-bypass-section-469-passive-loss-limitation-by-using-the-commercial-property-self-rental-loophole/) - Do you own a business in San Diego or Socal? And do you happen to own the property where your business is located? The tax code legislation has changed since “a long time ago in a galaxy far, far away…” when there was no tax code that differentiated ordinary income from passive income or ordinary
- [Record High Inflation Brings Changes to Your Tax Bill and Tax Bracket in 2023](https://tehcpa.net/record-high-inflation-brings-changes-to-your-tax-bill-and-tax-bracket-in-2023/) - Tax brackets, 401(k) contribution limits, and estate and gift tax thresholds are expected to get the biggest inflation adjustments in decades. Recently Ashlea Ebeling a WSJ contributor recently published an article where she stated “one ripple effect of the high inflation eating into Americans’ spending power may be lower tax bills.” The article mentions that
- [5 Cash Flow metrics, KPI's and ratios to help your small business forecast and manage your finances better](https://tehcpa.net/5-cash-flow-metrics-kpis-and-ratios-to-help-your-small-business-forecast-and-manage-your-finances-better/) - Trying to run a business without managing cash flow is like trying to paddle a boat without an oar. Even if you succeed, it will be an upstream exercise guaranteed to wear you out. Not to mention, poor cash flow management can result in your business shutting down completely. With poor cash flow, it only
- [Startup Financing: understanding venture capital vs private equity funding differences](https://tehcpa.net/startup-financing-understanding-venture-capital-vs-private-equity-funding-differences/) - For many startup founders, that are looking to raise startup investment capital most turn to seed (angel) or VC investors as the go-to resource. What gets talked about less often is how traditional private equity has gotten into investing in earlier stage company growth. Private equity and venture capital are two ways business owners can
- [32 financial management tips and CFO advice for startup founders and small business owners](https://tehcpa.net/32-financial-management-tips-and-cfo-advice-for-startup-founders-and-small-business-owners/) - Over the past 20 years, I’ve worked as a CPA and outsourced CFO to startups and small businesses helping owners understand their financial statements and make strategic decisions that drive their business forward. I’ve worked with a variety of industries and businesses, which helped me gain a lot of experience in providing business owners and
- [Will The Inflation Reduction Act Increase IRS Tax Audits On Small Business Owners?](https://tehcpa.net/will-the-inflation-reduction-act-increase-irs-tax-audits-on-small-business-owners/) - There has been a pretty robust discussion about the $80 billion of increased funding for the IRS in the Inflation Reduction Act, which President Biden recently signed into law. Background What Is the Inflation Reduction Act? The $739 billion spending bill passed by the Democratic Congress is designed to address numerous issues within health
- [IRS Wants To Change Distribution Rules for Non-Spouse Inherited IRAs: What are the Tax Impacts?](https://tehcpa.net/irs-wants-to-change-distribution-rules-for-non-spouse-inherited-iras-what-are-the-tax-impacts/) - Figuring out the most efficient way to navigate the tax impact of inheriting individual retirement accounts has become more complicated since the Internal Revenue Service issued proposed new rules in February. Both a Forbes contributor Kristin McKenna and The Wall Street Journal recently wrote articles about this topic. The WSJ points out that the rules
- [Senate Passes Inflation Reduction Act-What are the Tax Implications For Businesses](https://tehcpa.net/senate-passes-inflation-reduction-act-what-are-the-tax-implications-for-businesses/) - Thanks to Joe Manchin, the Senate just approved a massive spending bill named the Inflation Reduction Act of 2022 in a party-line vote after a marathon weekend session. The amended bill was narrowly passed with a vote of 51-50 vote, with the VP Kamala Harris casting her tie-breaking vote would represent the largest climate investment in
- [The IRS Section 280A aka The Augusta Rule: Loophole for Tax-Free Business Rental Income for your Home](https://tehcpa.net/the-irs-section-280a-aka-the-augusta-rule-loophole-for-tax-free-business-rental-income-for-your-home/) - If you are self-employed, you are probably already aware of the home office deduction but you may not be aware of the Section 280a Deduction. The standard home office deduction allows you to write off up to 300 square feet of workspace in your residence at five dollars per square foot for a $1,500 annual
- [Should I form an LLC company for My California Real Estate Investments? Advantages and Disadvantages](https://tehcpa.net/should-i-form-an-llc-company-for-my-california-real-estate-investments-advantages-and-disadvantages/) - For the past 30 years, LLCs ( limited liability companies) have been quite popular and the preferred business entity selection type for investing in and holding real estate. The real estate investors and owners often prefer to form an LLC when purchasing real estate—or when transferring titles—so that the LLC becomes the legal owner of
- [What is EBITDA?  and why is it important to understand the formula for business valuation as a startup founder?](https://tehcpa.net/what-is-ebitda-and-why-is-it-important-to-understand-the-formula-for-business-valuation-as-a-startup/) - EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a measure of a company’s overall financial performance and is used as an alternative to net income in some circumstances. EBITDA, however, can be misleading because it does not reflect the cost of capital investments like property, plants, and equipment. An Investopedia article points out
- [U.S. inflation Reaches 9.1% Scorching 41 year high since (1981) fueling recession fears According to Labor Department](https://tehcpa.net/u-s-inflation-reaches-9-1-scorching-41-year-high-since-1981-fueling-recession-fears-according-to-labor-department/) - The WSJ just reported that U.S. consumer inflation reached 9.1% year-over-year in June, the highest such rate since December 1981, after an unprecedented surge in gas prices according to data published by the Bureau of Labor Statistics. The rate was higher than economists expected, surging past May's 8.6% consumer price increase. The high inflation, driven by
- [6 ways to lower startup operating expenses and costs in uncertain economic conditions](https://tehcpa.net/6-ways-to-lower-startup-operating-expenses-and-costs-in-uncertain-economic-conditions/) - The NYT’s reported Jerome H. Powell, the chair of the Federal Reserve, said that the central bank might be able to lower rapid inflation without tipping America into a painful downturn, though he cautioned that pulling it off would be “very challenging” to achieve and that a recession is “certainly a possibility.” “We’re not trying
- [California gas tax rebate payments: 23 million taxpayers will get inflation relief payments from the Newsom Budget deal](https://tehcpa.net/california-gas-tax-rebate-payments-23-million-taxpayers-will-get-inflation-relief-payments-from-the-newsom-budget-deal/) - Democratic California Gov. Gavin Newsom and legislative leaders have agreed to provide as much as $1,050 to millions of California families to help with inflation and rising gas prices. CBS News recently reported that about 23 million California residents will soon receive "inflation relief" checks of up to $1,050 under a budget deal reached by
- [How to recalculate your startup cash burn rate going into a possible downturn economy](https://tehcpa.net/how-to-recalculate-your-startup-cash-burn-rate-going-into-a-possible-downturn-economy/) - So as a startup founder, you might have started the year 2022, thinking you had everything figured out: you had a manageable cash burn rate, you had a clear amount of runway, and you had a business strategy built around both. Now in a matter of a few months, there’s a downtrend in the stock
- [Individual Income Tax Collection Payments on Pace to Reach 2.6 trillion Record Level CBO reports](https://tehcpa.net/individual-income-tax-collection-payments-on-pace-to-reach-2-6-trillion-record-level-cbo-reports/) - Business owners and investors are paying more, but CBO officials can’t fully explain why tax revenues are hitting high as a share of the economy. The Wall Street Journal recently reported that an unprecedented amount of income tax revenue is flowing into the federal government, which is driven in part by investors and business owners,
- [Sequoia Capital Warns Founders of ‘Crucible Moment,’ of uncertainty and change, Cheap funding is gone, how to Not Death Spiral](https://tehcpa.net/sequoia-capital-warns-founders-of-crucible-moment-of-uncertainty-and-change-cheap-funding-is-gone-how-to-not-death-spiral/) - Silicon Valley’s doomsayer-in-chief—Sequoia Capital—is back with a warning to its startup founders: Don’t expect a recovery from the current market downturn to happen quickly. Over the years, Sequoia, the venture firm behind Google, Apple and Airbnb, has developed a reputation as the tech industry’s Cassandra, through memos and presentations that it shared with the leaders
- [Startup Accelerator Y Combinator warns founders of tougher times ahead and advises them to plan for the worst](https://tehcpa.net/startup-accelerator-y-combinator-warns-founders-of-tougher-times-ahead-and-advises-them-to-plan-for-the-worst/) - Startup fundraising, after a massive bull run in 2021, is in an obvious downturn. Public markets globally, are in one of their worst bear run phases, which has had a direct impact on the ability of investors to take larger risks. Saying there is a startup fundraising crunch at the moment, will be an understatement
- [Wells Fargo's CEO says there is 'no question' that the US is heading into an economic downturn](https://tehcpa.net/wells-fargos-ceo-says-there-is-no-question-that-the-us-is-heading-into-an-economic-downturn/) - Fears are mounting that a recession is nearly upon us, with a growing number of banks and investors joining the chorus or warnings that an economic contraction within the next few years is likely. Wells Fargo's CEO said there's "no question" of an economic downturn in the US, and a recession looks challenging to avoid.
- [FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report](https://tehcpa.net/fasb-to-review-accounting-rules-for-digital-assets-held-on-balance-sheets-report/) - A clearer framework for how companies might account for crypto could pave the way for greater institutional adoption. The Financial Accounting Standards Board (FASB) voted to consider setting clear rules on the accounting and disclosure of certain digital assets such as Bitcoin and Ethereum, a move that could fill a gap for companies that hold
- [Elon Musk recently stated inflation is worse than reported and likely to last through 2022](https://tehcpa.net/elon-musk-recently-stated-inflation-is-worse-than-reported-and-likely-to-last-through-2022/) - Inflation rose again in March, but Tesla CEO Elon Musk said he thinks inflation could be worse than reported and that it will likely not dissipate any time soon. Elon Musk believes the US government has understated the "true magnitude" of inflation. Inflation soared 8.5% in the year through March to a 41-year high, according
- [How a Business can use Supply Chain Financing (Reverse Factoring) to increase working Cash flow](https://tehcpa.net/how-a-business-can-use-supply-chain-financing-reverse-factoring-to-increase-working-cash-flow/) - For decades, supplier financing has been reserved for the largest companies. Now it’s a cornerstone of a healthy, robust supply chain. As the end of the pandemic begins to materialize, many enterprises are looking to improve liquidity and achieve a healthier supply chain. Supplier finance solutions enable companies to easily manage their working capital, and
- [Tax filing for cryptocurrency investors in 2022- Recent Cointracker Survey Says Many are Still Confused](https://tehcpa.net/tax-filing-for-cryptocurrency-investors-in-2022-recent-cointracker-survey-says-many-are-still-confused/) - If you invested in crypto last year, you may be in for a surprise this tax season. Yes, your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS considers cryptocurrency holdings to be “property” for tax purposes, which means your virtual currency is taxed in the same way as any other assets you own, like
- [California governor signs bill restoring R&D Investment tax credits for 2022](https://tehcpa.net/california-governor-signs-bill-restoring-rd-investment-tax-credits-for-2022/) - A recent Forbes contributor Julio Gonzalez wrote an article about recent California legislative tax incentives that were restored. He stated in his article, “today, the research and development (R&D) tax credit is vital to keeping the U.S. at the forefront of innovation.” Since it can reward companies that develop new products, processes, or inventions by
- [Understanding Cash Flow VS Profit in your Small Business](https://tehcpa.net/understanding-cash-flow-vs-profit-in-your-small-business/) - As the saying goes “cash is king” and this certainly rings true for startups and small businesses. When there’s money in the bank, it can feel like the business is booming and you can tackle any challenge. And when it’s not, tough sacrifices may need to be made. It doesn’t matter how much revenue you
- [VC backed Startup Founder Advice: Addressing Frequently Asked Questions](https://tehcpa.net/vc-backed-startup-founder-advice-addressing-frequently-asked-questions/) - I recently read an interesting blog about 25 Frequently Asked Questions, written by Richard Harroch, startup lawyer, entrepreneur, and venture capitalist. The founder of Y Combinator, a leading seed-stage startup accelerator, explains that “a lot of the advice we give startups is tactical; meant to be helpful on a day to day or week to week
- [Strategies to Reduce the Tax Impacts of Selling your Privately Held Business](https://tehcpa.net/strategies-to-reduce-the-tax-impacts-of-selling-your-privately-held-business/) - According to a 2021 study from Project Equity, baby-boomers business owners control nearly half of all privately held businesses( 2.9 million companies) which also represents half of all job-creating enterprises in the country. These firms employ over 32 million workers and generate nearly $6.5 trillion in revenue. And this nonprofit organization is predicting that 6
- [Tips on How to Sell Your Privately Owned Business From A Position Of Strength](https://tehcpa.net/tips-on-how-to-sell-your-privately-owned-business-from-a-position-of-strength/) - Are you an entrepreneur or small business owner that built up a solid profitable company and are thinking about possible exit strategies such as either stepping down or sale or M&A deal? Selling your family-owned business is likely to be one of the most important transactions of your life. You’ve worked hard to build equity.
- [Tax Strategies for Real Estate Professionals that are Also Property Investors](https://tehcpa.net/tax-strategies-for-real-estate-professionals-that-are-also-property-investors/) - Are you a Southern California or San Diego real estate professional that also invests in real estate? I get a lot of clients contacting me about tax and accounting strategies related to property investments. If you’re a high-income taxpayer who wants to put big real-estate-related tax deductions onto a tax return then this blog post
- [Startup Profitability VS Growth - What should founders Focus On?](https://tehcpa.net/startup-profitability-vs-growth-what-should-founders-focus-on/) - People sometimes ask the question, “how long does it take for a startup to become profitable?” There is no exact answer to this question. What kind of business is it? Is it a small business or a venture-backed software app technology startup? An INC Mag contributor Hillel Fuld wrote that “there is an ongoing debate
- [Top reasons your tax return could get red-flagged by the IRS for potential audit](https://tehcpa.net/top-reasons-your-tax-return-could-get-red-flagged-by-the-irs-for-potential-audit/) - As the 2021 tax filing season is upon us, CNBC recently published an article on some of the common reasons that a self-employed business owner or tax filer could have their tax return red-flagged by the IRS. Now the article points out that “while the chances of an audit are slim, there are several reasons
- [In a New Court Case IRS Refunds Income Taxed On Unsold, Staked Crypto](https://tehcpa.net/in-a-new-court-case-irs-refunds-income-taxed-on-unsold-staked-crypto/) - For individuals hoping to earn new tokens by providing security to large blockchains that use proof-of-stake, there may be good news ahead. IRS will not tax your unstaked crypto. You ask what is staking? According to Coinbase, “if a cryptocurrency you own allows staking — current options include Tezos, Cosmos, and now Ethereum— you can
- [What Fortune 500 Company CEOs Are Saying About Inflation and Rising Prices On Earnings Calls](https://tehcpa.net/what-fortune-500-company-ceos-are-saying-about-inflation-and-rising-prices-on-earnings-calls/) - According to a recent CNN article published on Jan, 13th 2022, inflation has sprung to the top of CEOs' worry list. In the hierarchy of business threats confronting corporate leaders in 2022, Covid-19 still rules. But inflation has quickly closed the gap. With more than half (55%) of global CEOs fearing that pricing pressures will
- [2021 California Business Income Tax Returns Now Include Unclaimed Property Questions from CA Assembly Bill 466 Legislation](https://tehcpa.net/2021-california-business-income-tax-returns-now-include-unclaimed-property-questions-from-ca-assembly-bill-466-legislation/) - CALIFORNIA ASSEMBLY BILL (AB) 46 The California State Controller’s Office’s (SCO’s) increased compliance efforts regarding any unclaimed property will likely result in increased audit activity. CA Assembly Bill 466, which passed and became effective on Jan. 1, 2022, authorizes the Franchise Tax Board (FTB) to share certain information with the SCO related to unclaimed property.
- [The California Elective Pass-Through Entity Tax Provides Business Owners a Salt Cap Tax Credit Workaround](https://tehcpa.net/the-california-elective-pass-through-entity-tax-provides-business-owners-a-salt-cap-tax-credit-workaround/) - The large CPA firm Grant Thorton reported that On July 16, 2021, California Gov. Gavin Newsom signed Assembly Bill 150 (A.B. 150) which contains the “Small Business Relief Act” creating an elective pass-through entity (PTE) level tax available to certain qualified entities, and a PTE tax credit available to certain qualified taxpayers. California enacted an
- [IRS Announces New 2022 Tax Filing Start Date of Jan. 24](https://tehcpa.net/irs-announces-new-2022-tax-filing-start-date-of-jan-24/) - According to a recent Forbes article, The IRS just announced that the 2022 tax filing season will open on Monday, January 24th, 2022. That’s when the IRS will start accepting federal income tax returns for the 2021 tax year whether you file electronically or on paper. It’s the third coronavirus pandemic tax filing season, and
- [2022 Economy predictions: Experts weigh in - Inflation, Real Estate, labor Markets, GDP, Pandemic etc](https://tehcpa.net/2022-economy-predictions-experts-weigh-in-inflation-real-estate-labor-markets-gdp-pandemic-etc/) - As we are approaching almost 2 years of living through “unprecedented” times, economists are looking ahead to 2022 with a sense of caution: The uncertain severity of the omicron variant of the coronavirus and sharply escalating prices cast twin shadows over forecasters’ expectations, but some economist’s still found a few reasons to be optimistic even
- [Year-End Planning Tips for Startups to Prepare for 2021 Tax Season filing and compliance](https://tehcpa.net/year-end-planning-tips-for-startups-to-prepare-for-2021-tax-season-filing-and-compliance/) - As 2021 comes to a close, there are some simple actions founders can take to help get off to a good start in 2022. This includes financial planning, preparing to efficiently deal with compliance and tax deadlines, And taking advantage of tax incentives that are designed for VC-backed startups. To help you get ready for
- [5 possible year-end tax saving strategies investors could make before December 31st 2021](https://tehcpa.net/5-possible-year-end-tax-saving-strategies-investors-could-make-before-december-31st-2021/) - Marketwatch contributor Harriet Edleson published an interesting article listing out a few strategies that taxpayers can use to save money on their 2021 taxes. We have a little over 3 weeks left until we ring in the new year, and this is a good time to review and see if there are any last-minute financial
- [Research & Development (R&D)Tax Credit Activity Claims Tips: The words Used to Describe it Matters for Audit Prevention](https://tehcpa.net/research-development-tax-credit-activity-claims-tips-the-words-used-to-describe-it-matters-for-audit-prevention/) - The Research & Development Tax Credit, which was first enacted back in 1981, has been one of the most valuable credits leveraged by companies. The Protecting Americans from Tax Hikes (PATH) Act of 2015 made the R&D credit permanent and expanded its application to create a potential tax benefit for small businesses and start-up companies.
- [important 2022 Tax Deadlines For C-Corp Startup Companies](https://tehcpa.net/important-2022-tax-deadlines-for-c-corp-startup-companies/) - Among the many decisions, stresses, and considerations that startup founders face, choosing where to incorporate is not often at the forefront of founders’ minds. While some businesses choose to incorporate in Delaware at the company’s inception, many founders naturally ask why this additional and seemingly unnecessary step is required – or why the company should
- [5 strategies on how to reduce employer payroll tax liability](https://tehcpa.net/5-strategies-on-how-to-reduce-employer-payroll-tax-liability/) - As a small business owner, do you fully understand how payroll taxes work and what impact it has on your business? This article will cover a few legal strategies you can use to lower employer payroll taxes. What exactly are payroll taxes? They are also known as employment taxes, and they are the employer’s tax
- [Soaring Inflation, supply chain Issues are driving up prices on gas, housing, groceries, cars while some companies are recording record profits](https://tehcpa.net/soaring-inflation-supply-chain-issues-are-driving-up-prices-on-gas-housing-groceries-cars-while-some-companies-are-recording-record-profits/) - The U.S. economy faces multiple challenges. The recovery has been more rapid than expected but now there’s an acute inflation problem. Jason Furman, economist and professor at Harvard University's John F. Kennedy School, wrote an opinion piece in the WSJ, that stated “the current inflation has many causes, including a post-pandemic reallocation of labor, a
- [Congress just passed the $1 Trillion Bipartisan Infrastructure Bill : Aimed at Improving American Lives](https://tehcpa.net/congress-just-passed-the-1-trillion-bipartisan-infrastructure-bill-aimed-at-improving-american-lives/) - Update: President Biden signed a $1 trillion infrastructure bill into law on Monday afternoon, a bipartisan victory that will pour billions into the nation’s roads, ports and power lines. According to recent reporting from the WSJ, Congress has voted to pass the largest federal investment in infrastructure in more than a decade, a bipartisan injection
- [4 Types of Legal Documents that Every Private Company Should Have Setup for Protection](https://tehcpa.net/4-types-of-legal-documents-that-every-private-company-should-have-setup-for-protection/) - Zana Tomich, a partner of the law firm Dalton & Tomich, PLC, wrote an interesting article on CFO.com, where she explains “that every business should have certain vital documents in place, such as bylaws and records of ownership, and buy and sell agreements.” To use the metaphor that keeping your home clean and tidy is
- [6 Things Small-Businesses Can Do to Weather the Next Pandemic or Economic Downturn](https://tehcpa.net/6-things-small-businesses-can-do-to-weather-the-next-pandemic-or-economic-downturn/) - Recently I read an interesting article by a Bloomberg Opinion columnist named Arianne Cohen that was titled How Small-Business Owners Can Prepare for the Next Pandemic, that basically “major disruptions happen every few years. Get staff retention plans, flexible contracts, and a cash buffer in place now.” And the past 19 months starting when the
- [2021 Year-End Tax Planning For Business Owners](https://tehcpa.net/2021-year-end-tax-planning-for-business-owners/) - Are you getting a feeling of Deja Vu, or that history is repeating itself? Does it feel quite similar to this time of the year back in 2017? Similarly back In the fall of 2017, it was unclear whether the Tax Cuts and Jobs Act (TCJA) would be enacted. There were several provisions being argued
- [Twitch founder (acquired by Amazon) Gives 5 Pitching Tips for Entrepreneurs on How to Get VCs to Throw Money at You](https://tehcpa.net/twitch-founder-acquired-by-amazon-gives-5-pitching-tips-for-entrepreneurs-on-how-to-get-vcs-to-throw-money-at-you/) - Fundraising, whether it is a seed round, a Series A, or later-stage funding rounds, is undoubtedly a challenging process. Even for seasoned entrepreneurs and startups already experiencing market traction, a compelling pitch and accompanying pitch deck are still necessary. While there is variance around stylistic delivery of the pitch and aesthetic of the deck itself,
- [Seed Stage Financing- SAFES VS Equity Rounds, Valuations, Tax Considerations, How Much to Raise](https://tehcpa.net/seed-stage-financing-safes-vs-equity-rounds-valuations-tax-considerations-how-much-to-raise/) - Entrepreneurs or startup company founders often need only modest amounts of capital in the early stages to cover expenses incidental to the business. Sometimes entrepreneurs cover the company’s early expenses through personal savings or even credit card debt. Many startups look to approach investors to get Seed-stage financing (initial capital investment in a startup company
- [Forbes Analysis Shows that Pre-IPO Statements On Profitability (Adjusted EBITDA) for Some Startups Were Embellished](https://tehcpa.net/shows-that-pre-ipo-statements-on-profitability-adjusted-ebitda-for-some-startups-were-embellished/) - Forbes analysis found that “More than one in four of the 50 largest venture-backed companies to go public since 2019 made assertions about their profitability that don’t appear to line up with their later IPO-related disclosures to the SEC.
- [Is the Delta Variant Driving Stagflation for the Economy?](https://tehcpa.net/is-the-delta-variant-driving-stagflation-for-the-economy/) - It was a summer of unpleasant surprises for the world economy. The United States, Europe and China are growing at a slower pace than investors expected. The prices consumers pay are increasing at a very rapid rate in the United States. Stagflation isn’t trending, but it was mentioned in quite a few headlines last week.
- [A Mega Backdoor Roth IRA Conversion Helps High Earners Supercharge their Retirement Savings](https://tehcpa.net/a-mega-backdoor-roth-ira-conversion-helps-high-earners-supercharge-their-retirement-savings/) - One of the best places to park your retirement savings is Roth IRA. Your contributions grow tax-free to save you money every tax season. The only problem is that high-income earners may not qualify for Roth IRA. A recent Wall Street Journal article brought to light a maneuver that can help high earners do to their
- [Why its sometimes better to bootstrap your startup instead of seeking out investors early on](https://tehcpa.net/why-its-sometimes-better-to-bootstrap-your-startup-instead-of-seeking-out-investors-early-on/) - Whether you are a bootstrapped small business or are investor funded Huckabee CPA’s cloud-based financial services can scale with your growing startup and provide support
- [How to read & analyze an Income Statement AKA profit and loss reports](https://tehcpa.net/how-to-read-analyze-an-income-statement-aka-profit-and-loss-reports/) - As a startup founder or small business owner, you know how important it is to keep your numbers in check. Knowing how much revenue is coming in, how much money is going out, and how much profit you are making is essential to making smart business decisions. An income statement is a financial statement that
- [How to scale your startup into a High Growth VC backed Unicorn company](https://tehcpa.net/how-to-scale-your-startup-into-a-high-growth-vc-backed-unicorn-company/) - Growing a business from a startup to a unicorn requires some unique strategies. In venture capital, a unicorn is a privately held startup company that is valued at more than $1 billion. When you see startups such as Robinhood, Snap, Shopify, Airbnb, Stripe, Palantir, SpaceX and Pinterest grow from a low valuation to a billion
- [How Startup Equity Ownership Works: Understanding Common vs Preferred stock shares as a Founder](https://tehcpa.net/how-startup-equity-ownership-works-understanding-common-vs-preferred-stock-shares-as-a-founder/) - There are plenty of perks when it comes to founding or working at a start-up, being your own boss, creating your future, building something innovative or disruptive to the status quo, etc. But for founders and early employees who help build it owning a piece of a potentially multi-million (or billion) dollar start-up is undoubtedly
- [Small Business Budgeting Template - How to Limit Business Spending and Pay Yourself More Income](https://tehcpa.net/small-business-budgeting-template-how-to-limit-business-spending-and-pay-yourself-more-income/) - Setting up a business budget template is a smart financial planning tool you can use to run your small business more profitably and efficiently. However, many small-business owners skip this vital business management step. Therefore, your budget planning workflows should be easy to access and adjust on an ongoing basis. Fortunately, you don’t have to
- [Understanding Gross and Net Profit Margins - formulas, definitions and how to calculate them](https://tehcpa.net/understanding-gross-and-net-profit-margins-formulas-definitions-and-how-to-calculate-them/) - Business is carried out to hopefully earn a profit. It works as an incentive to the entrepreneur, for the risk taken and resources spent, during the financial year. Doesn’t matter whether you are a startup, a small business, or a larger corporation, it is important to have a solid understanding of key performance metrics such
- [The American Rescue Plan Act of 2021 Changes to Gig (Self-Employed) Freelancer Economy Tax Reporting- PayPal 1099-K Threshold Loophole closed](https://tehcpa.net/the-american-rescue-plan-act-of-2021-changes-to-gig-self-employed-freelancer-economy-tax-reporting-paypal-1099-k-threshold-loophole-closed/) - Just as many taxpayers just got done with a highly unusual 2020 tax filing season, with Covid-19 pandemic-related relief measures altering their taxable income, other tax law changes are coming into place. But for reasons largely unrelated to the pandemic, certain revisions to the tax reporting rules affecting the sharing, independent contractor, and freelancer economy
- [How Biden's Tax Plan Proposals Could Impact Real Estate Investors](https://tehcpa.net/how-bidens-tax-plan-proposals-could-impact-real-estate-investors/) - CNBC recently reported back in May, that real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden has been asking for higher taxes on real estate transactions with gains of more than $500,000. This tax plan is aimed at helping to cover the $1.8 trillion American Families Plan, which pumps money
- [A guide to understanding startup boards and how to make the most of them as the founder](https://tehcpa.net/a-guide-to-understanding-startup-boards-and-how-to-make-the-most-of-them-as-the-founder/) - For every unicorn startup success story you see in the news, there are ten that end with a founder being ousted from his or her own company, think WeWork founder Adam Neuman as an example. Having a board of directors is part of building a startup—at least, a certain kind of startup. If you are
- [What is a SPAC and why are some private tech companies choosing it as a way to go public on wall street?](https://tehcpa.net/what-is-a-spac-and-why-are-some-private-tech-companies-choosing-it-as-a-way-to-go-public-on-wall-street/) - If you watch business news channels such as Bloomberg or CNBC, You may have heard the term SPAC recently referred to in investor, financial or other news headlines. CNBC reported in January that back in September of 2019, when former unicorn coworking space startup WeWork set out to go public in its IPO imploded as
- [When Disruptive innovation comes to your industry,  how to avoid the mistakes of Nokia, Blackberry, Blockbuster and Kodak](https://tehcpa.net/when-disruptive-innovation-comes-to-your-industry-how-to-avoid-the-mistakes-of-nokia-blackberry-blockbuster-and-kodak/) - Elon Musk has a reputation for bringing disruptive innovation and change to established industries. Whether it's electric cars, a cave rescue, tunnel transportation or space travel, the billionaire business mogul has no problem doing things his own way. As Paul Bylund, the Assistant Professor of Entrepreneurship, at Oklahoma State University, wrote in an article for
- [Not all startups are a fit for the VC funding model: why they need projected revenues of over 25 million](https://tehcpa.net/not-all-startups-are-a-fit-for-the-vc-funding-model-why-they-need-projected-revenues-of-over-25-million/) - I have written several articles about the startup process of pitching investors to raise Seed Capital or Series A, or VC funding, but not all small businesses or startups are a fit for venture capital or angel investor funding models. So as a startup founder you should ask yourself before beginning on a fundraising journey,
- [The Economic Recovery of 2021 is Underway. But its a little Different this Time Around](https://tehcpa.net/the-economic-recovery-of-2021-is-underway-but-its-a-little-different-this-time-around/) - The WSJ recently reported that The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. Companies and workers are much better positioned to emerge from this downturn with far less permanent damage than occurred after recent recessions, particularly the
- [A CEO's guide to migrating data and workflows to the cloud in 2021, Tips on what Mistakes to Avoid](https://tehcpa.net/a-ceos-guide-to-migrating-data-and-workflows-to-the-cloud-in-2021-tips-on-what-mistakes-to-avoid/) - For businesses to win in 2021 they will need to invest in diverse talent, data, AI, and digital cloud technologies to compete in the new remote hybrid work office world.
- [New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022](https://tehcpa.net/new-irs-notice-2021-25-some-business-meal-expenses-are-100-tax-deductible-for-2021-and-2022/) - Let's face it, writing off meals and eligible entertainment expenses for your business can be pretty confusing. Why? Because the federal income tax treatment of business-related meal and entertainment expenses has been a moving target over the last few years. Some things are 100 percent deductible, some are 50 percent, and a few are nondeductible.
- [A startups Guide to Securing Your First VC Investor funding Round in 2021 and Beyond](https://tehcpa.net/a-startups-guide-to-securing-your-first-vc-investor-funding-round-in-2021-and-beyond/) - Attracting VC investment funding is one part financial data and one part successful storytelling.
- [A few Types of Financial Analysis Methods to Evaluate Your Businesses' Performance- Ratio, Dupont, Common Size](https://tehcpa.net/a-few-types-of-financial-analysis-methods-to-evaluate-your-businesses-performance-ratio-dupont-common-size/) - According to Investopedia “financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.” Financial statement analysis involves examining the numbers in a company’s
- [How a SAAS Startup can Convert from Cash Basis to Accrual Accounting](https://tehcpa.net/how-a-saas-startup-can-convert-from-cash-basis-to-accrual-accounting/) - When it comes to growing a SAAS startup (a company has subscription based software or app products) most founders are super-focused on growth, but aren’t always aware of the tax laws and something called accounting methods. For some entrepreneurs or small business owners, finances can be an afterthought to bigger ideas and problems they are
- [Takeaways from the WSJ Guide to Filing Your Taxes for 2020, understanding pandemic tax changes and other provisions](https://tehcpa.net/takeaways-from-the-wsj-guide-to-filing-your-taxes-for-2020-understanding-pandemic-tax-changes-and-other-provisions/) - [vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1619730014345{margin-bottom: 0px !important;}”]Recently the Wall Street Journal pointed out that “2020 was a tax year like no other, due to the coronavirus pandemic.” In a historic decision, the IRS chose to delay the April 15 filing deadline and others until July 15 to give overwhelmed taxpayers time to comply with the law. Congress mandated
- [Understanding the Tax implications of investing in Bitcoin and other Cryptocurrencies](https://tehcpa.net/understanding-the-tax-implications-of-investing-in-bitcoin-and-other-cryptocurrencies/) - The beginning of 2020 created a unique moment for retail trading: Increased market volatility, stay-at-home orders, and zero commission fees across all trading platforms created a surge in activity and an increase in first-time traders. According to a CNBC article “these first-time traders, many in their 20s and 30s, found the stock market accessible. High
- [When Should a Startup hire a CFO vs Financial Controller?](https://tehcpa.net/when-should-a-startup-hire-a-cfo-vs-financial-controller/) - When a startup reaches a particular stage of growth, maturity, revenue or is raising a Series A funding from VC or institutional investors, the founders and executive team will need help managing the company’s financials and driving the business forward to the next milestone of success. They will need a professional whose primary responsibility is
- [Does your California small business need an HR manager?](https://tehcpa.net/does-your-california-small-business-need-an-hr-manager/) - Many small business owners and startups are used to ‘wearing many hats’, meaning you are caught juggling and handling many business activities (sales, marketing, accounting, managing employees, contracts, etc) yourself. Which also would include Human Resources (HR) duties. Your employees are your greatest asset, so it is important they are properly managed and taken care
- [When to hire a CFO for your startup: inhouse vs outsource, what qualifications to look for?](https://tehcpa.net/when-to-hire-a-cfo-for-your-startup-inhouse-vs-outsource-what-qualifications-to-look-for/) - (image credit:Quora) Fast growing small businesses and startups have some advantages over their larger incumbent competitors. Having less bureaucracy and smaller management teams allow them to be more agile, make faster decisions, which means they can pivot and react more nimbly to market changes compared to larger legacy businesses that they’re competing against. On the
- [Why Your Small Business Should Rent a CFO Instead of Hiring One](https://tehcpa.net/why-your-startup-should-rent-a-cfo-instead-of-hiring-one/) - Small-business owners in need of CFO level financial strategy, guidance, accounting help are choosing the on-demand rent a CFO model rather than hiring them
- [Should investments in intangible assets be counted more on a company's balance sheet in a post Covid-19 digitized world?](https://tehcpa.net/should-investments-in-intangible-assets-be-counted-more-on-a-companies-balance-sheet-in-a-post-covid-19-digitized-world/) - Recently PWC published a report titled “The unbalanced balance sheet: Making intangibles count” that points out that in many industries business models have been continuously evolving over the past decade that are delivering economic value from making investments in intangible assets, such as brand value, technology and customer relationships. And they are making the argument
- [5 smart financial investing habits you should adopt to grow your retirement wealth](https://tehcpa.net/5-smart-financial-investing-habits-you-should-adopt-to-grow-your-retirement-wealth/) - According to financial planner Anthony Carlton, saving and investing to build wealth for retirement have little to do with your job title. He published an Op-ed in Business Insider. He explains that some of the wealthiest people he knows are teachers, college dropouts, and other professionals in non glamorous jobs who live modest lives. But
- [The 10 pressing Small Business Challenges in 2021 and tips on how to manage them](https://tehcpa.net/the-10-pressing-small-business-challenges-in-2021-and-tips-on-how-to-manage-them/) - For the past year there has not been a day that when you turn on the news or go on social media that you don’t see people talking and or writing about the Covid-19 pandemic. And many companies have adopted the remote work-from-home trend; this has a profound change on how we live and work.
- [Raising Seed or Series A funding - 8 things to nail in your startup pitch to investors](https://tehcpa.net/raising-seed-or-series-a-funding-8-things-to-nail-in-your-startup-pitch-to-investors/) - Pitching to investors is probably one of the most stressful parts of being a startup founder entrepreneur. This is true whether you’re raising your first pre-seed, seed stage round or you're ready for the larger series A funding round or venture capital. Nowadays investors are looking for a lot more than just a clear and
- [BofA Global Research Economists Raises U.S. GDP Growth Expectation To 6.5% for 2021](https://tehcpa.net/bofa-global-research-economists-raises-u-s-gdp-growth-expectation-to-6-5-for-2021/) - [vc_row][vc_column][vc_column_text]According to reporting from Business Insider, economists from Bank of America on February 22, said they now expect the U.S. economy to grow 6.5% this year, up from a previous call for 4.5% growth, based on the expected size of the stimulus package and better news on the economy and the virus front. The bank
- [Last September the IRS published tax policy guidance for the Cannabis industry](https://tehcpa.net/last-september-the-irs-published-tax-policy-guidance-for-the-cannabis-industry/) - When you turn the business news channel CNBC you start to here about the growth of the Cannabis industry from a number of public traded companies. In September 2020, the Internal Revenue Service (IRS) published an entire article on their site dedicated to tax policy for the legal and medical marijuana dispensary business industry. Although
- [Here are 9 tax strategies investors may use to minimize taxes during a Democratically controlled administration](https://tehcpa.net/here-are-9-tax-strategies-investors-may-use-to-minimize-taxes-during-a-democratically-controlled-administration/) - So as we found out in early January that the Democrats won the two special run off Senate seat races in Georgia, the powerful Senate governing body will be divided, 50-50. Which now gives them a narrow control of the Senate with the Vice President, Kamala Harris serving as a tie-breaker if the Senate is
- [G.D.P. grew in the fourth quarter of 2020 at an 4.0% annualized rate but isn’t back to pre-pandemic levels](https://tehcpa.net/g-d-p-grew-in-the-fourth-quarter-of-2020-at-an-4-0-annualized-rate-but-isnt-back-to-pre-pandemic-levels/) - The U.S. economic recovery stumbled but didn’t collapse at the end of last year, setting the stage for a much stronger rebound this year. According to Yahoo Finance, the U.S. economy expanded in the final three months of 2020, albeit with slowing growth as the pandemic tore across the country at an alarming clip at
- [The Gamestop Reddit Retail Investor Robinhood Options Trader Frenzy Will Face Taxes After the Gamification of Buying Stocks](https://tehcpa.net/the-gamestop-reddit-retail-investor-robinhood-options-trader-frenzy-will-face-taxes-after-the-gamification-of-buying-stocks/) - Shares of a handful of firms, such as video game retailer, GameStop Corp., the struggling movie theater, AMC Inc. and BlackBerry Ltd. have posted triple-digit gains in recent weeks, part of a frenzy whipped up by individual investors. Here’s what you need to know. According to reporting from the Wall Street Journal, behind the wild
- [5 red flags that your Small Business Accounting Books aren’t Ready for Tax Time According to Quickbooks Online](https://tehcpa.net/5-red-flags-that-your-small-business-accounting-books-arent-ready-for-tax-time-according-to-quickbooks-online/) - Startup entrepreneurs and small business owners have a million tasks to deal with at the beginning of the new year in 2021. One of the best ways to ensure that your tax season goes smoothly is proper planning and preparation. It is recommended that you or CPA take a hard look at your back office
- [10 tips for filing your 2020 tax returns for individuals-things to keep in mind](https://tehcpa.net/10-tips-for-filing-your-2020-taxes-for-individuals-things-to-keep-in-mind/) - [vc_row][vc_column][vc_column_text]Things to keep in mind when Filing your individual 2020 taxes! The tax code in the U.S. can be a little confusing, complex and the Covid-19 health pandemic- related legislative changes may make filing your taxes a little more complicated or unclear this year. As an example, many people have had to work remotely from
- [The "deductibility" of PPP expenses paid may make 2020 tax season more costly for startups & small businesses](https://tehcpa.net/the-deductibility-of-ppp-expenses-paid-may-make-2020-tax-season-more-costly-for-startups-small-businesses/) - Update: Since this article was published the President signed the $908 Billion Stimulus Package, according to Washington Post they have tried to clear up the PPP loan issues on forgiveness and deductibility, "businesses that received PPP loans and had them forgiven will be allowed to deduct the costs covered by those loans on their federal
- [The Home office Deduction Requirements for The 2020 Tax Filing Year](https://tehcpa.net/the-home-office-deduction-requirements-for-the-2020-tax-filing-year/) - Since the end of March of 2020, working professional taxpayers have moved to working remotely from their homes and often turning their living rooms, bedrooms, kitchens and various other rooms into temporary makeshift offices. And with this WFH trend still going on and could actually continue for the foreseeable future, a question that is now
- [Tax accounting methods review in 2020: Income and expense planning in uncertain economic times](https://tehcpa.net/tax-accounting-methods-review-in-2020-income-and-expense-planning-in-uncertain-economic-times/) - For those who are are not familiar with the financial term referred to as “accounting methods”, is an accounting tool used to determine when income and expenses are recognized for tax purposes. And with New Years and the 2020 year-end approaching, now or in January is an ideal time to review your tax accounting methods and
- [Startups: Budgeting, Financial Planning & Business Forecasting for 2021 Starts Now](https://tehcpa.net/startups-budgeting-financial-planning-business-forecasting-for-2021-should-start-now/) - It's already December and this dumpster fire of a year is a few weeks from being over, which I am sure that everyone is hoping and praying that next year 2021 brings better times. One of daunting tasks for startup founders and small business owners is strategic planning and financial cash-flow forecasting. Now is the
- [5 methods Joe Biden could use to implement his tax agenda (without a Senate majority)](https://tehcpa.net/5-methods-joe-biden-could-use-to-implement-his-tax-agenda-without-a-senate-majority/) - One of Joe Biden’s campaign trail promises on his road to becoming the 46th President elect was a vow to raise taxes on the rich and large corporations so that they would pay their “fair share” — a comment that made some wealthy families game out various investment and estate planning scenarios. Now obviously that
- [5 red flags your startup should be cautious of when choosing potential investors](https://tehcpa.net/5-red-flags-your-startup-should-be-cautious-of-when-choosing-potential-investors/) - How can founders ensure they are picking the right investors for their startup? A Forbes contributor named Alejandro Cremades wrote an article about this subject. He says “The amount of money that can be raised may even be one of the least significant factors when picking an investor for your startup business.” Because your investor
- [5 accounting tips to help startup founders manage their small business finances better](https://tehcpa.net/5-accounting-tips-to-help-startup-founders-manage-their-small-business-finances-better/) - There are a variety of things that can contribute to the failure or success of a startup company business. But one of the most important factors is financial management being able to effectively allocate and budget their money. So maybe you have decided to launch a food truck business because you have cooking skills, or yoga
- [Employer 401(K) Sponsored Retirement Plan Contribution Matching - Ways to Revamp Instead of Suspending It During Hard Times](https://tehcpa.net/employer-401k-sponsored-retirement-plan-contribution-matching-ways-to-revamp-instead-of-suspending-it-during-hard-times/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1603315292816{margin-bottom: 0px !important;}”]As an incentive to get more employees to save for retirement, many companies (employers) contribute money to employees’ retirement accounts by matching a portion of each employee’s contribution. Such as a 401(k) which is a retirement account, sometimes matched by an employer contribution that allows workers to save a percentage of their
- [6 ways a startup accountant can help your small business grow](https://tehcpa.net/6-ways-a-startup-accountant-can-help-your-small-business-grow/) - If you are a small business owner or startup founder, you may have hired a CPA to help prepare and file your taxes. But what you may not know is that some accounting firms also offer a number of advisory services that go beyond simple bookkeeping and taxes that help you reach your goals. And
- [Redesigning your businesses support functions can unlock hidden value during recessionary economic periods](https://tehcpa.net/redesigning-your-businesses-support-functions-can-unlock-hidden-value-during-recessionary-economic-periods/) - For the past 7 months companies of all sizes and industries (some sectors such as travel, entertainment, hospitality have been affected more) have been facing enormous amounts of pressure, economic uncertainty, changing consumer behaviors, increasing expense issues, decreased sales revenue as well as rapid technological change. And business managers are searching for a fresh competitive
- [Advisors are urging Affluent families to utilize the TCJA estate tax rules to protect their wealth from a possible Biden win](https://tehcpa.net/advisors-are-urging-affluent-families-to-utilize-tcja-estate-tax-rules-to-protect-their-wealth-from-a-possible-biden-win/) - According to a recent Bloomberg article by Ben Steverman, many advisors are telling rich families to act now and transfer wealth to the next generation by taking advantage of the current generous TCJA estate tax rules or risk losing millions later if Biden becomes President. A CNBC reporter Robert Frank also published an article titled
- [2020 Elections: How Biden's Tax Plan could Impact income taxes on Businesses and Executives?](https://tehcpa.net/020-elections-how-bidens-tax-plan-could-impact-income-taxes-on-businesses-and-executives/) - As far as election years go, 2020 is probably one that we will never forget. With the U.S. still in recovery from the Covid-19 pandemic caused recession, and restarting the economy will be a focus for whoever ends up winning in November. And the coronavirus is not only affecting how the candidates are conducting their
- [5 Cs financial metrics that SaaS technology startups need to measure to survive a recession such as Covid-19](https://tehcpa.net/5-financial-metrics-that-saas-technology-startups-need-to-measure-to-survive-a-recession-such-as-covid-19/) - At the beginning of the summer on June 8th, 2020, the National Bureau of Economic Research notified that the longest expansion in the US economy which began in 2009, has come to an end. The committee has determined and officially confirmed that since February of 2020, the US has been sliding into a recession. To
- [IRS issues finalized regulations on 100% bonus depreciation rules](https://tehcpa.net/irs-issues-finalized-regulations-on-100-bonus-depreciation-rules/) - According to recent reporting from Accounting Today and Think Advisor, the Treasury Department and The IRS issued last set of final guidance regulations on September 21, (in a press release) to implement the 100 percent additional first-year depreciation deduction from the Tax Cuts and Jobs Act, (the TCJA) enabling companies to write off the cost
- [Direct listing VS IPO: which is the better choice for your venture backed startup company?](https://tehcpa.net/direct-listing-vs-ipo-which-is-the-better-choice-for-your-venture-backed-startup-company/) - (image credit:WSJ) The well known venture capital firm Andreessen Horowitz explains in an article that startups which are truly interested in building a sustainable and long term business, go through a number of strategic financing milestones along their lifecycle. From mindsets that help to successfully raise investment funding rounds to when and how to build
- [The stock market is hitting record highs is it disconnected from the real economy?](https://tehcpa.net/the-stock-market-is-hitting-record-highs-is-it-disconnected-from-the-real-economy/) - On August 20th, The Nobel-winning economist Paul Krugman published a scathing New York Times Op-ED article titled "Stocks Are Soaring. So Is Misery," which broke down the broad disconnect between the stock market hitting new highs and the real economy. Mr. Krugman said investor optimism about Big Tech's profits would not go far, as
- [Business exit strategies - M&A sale vs stock sale vs asset sale - pros and cons](https://tehcpa.net/business-exit-strategies-ma-sale-vs-stock-sale-vs-asset-sale-pros-and-cons/) - As I have written about succession planning for a family business, this also should include exploring the possibilities of selling your company and the implications of how to best structure an exit or sale. For most startups and emerging companies, being acquired is the most common form of exit. Having a business exit strategy is
- [startup term sheet: how to read and understand them as founder](https://tehcpa.net/startup-term-sheet-how-to-read-and-understand-them/) - As you hustle and bootstrap your startup to gain some traction and customers, you will get to a point when you might want to raise investment funding from angel investors or venture capitalists. However, there is a bit of a learning curve with understanding the technical fineprint and conditions that comes with getting an investment.
- [Raising a Seed funding round investment for your startup](https://tehcpa.net/raising-a-seed-funding-round-investment-for-your-startup/) - Fundraising for your startup has always been considered part art, part science, and part luck. It’s an important step in your business when you decide to raise funding. This indicates a time that you’ve done research on your industry, how your niche can be a game-changer, you’ve most likely already performed a beta test and
- [Calculating your startups cash burn rate - is there a right amount that you need to survive?](https://tehcpa.net/calculating-your-startups-cash-burn-rate-is-there-a-right-amount-that-you-need-to-survive/) - Burn rate is the rate at which a startup business is spending (gross) or losing (net) its cash supply over time. It is normally analyzed on a monthly basis. You can think of it as the rate of negative cash flow. Now an Investopedia article points out that “in some crisis situations, the burn rate
- [Startup Accounting and Bookkeeping basics: 5 Tips for Financial health](https://tehcpa.net/startup-accounting-and-bookkeeping-basics-5-tips-for-financial-health/) - Many startup founders and entrepreneurs are concerned about managing their startup accounting and the books from the start. And creating and running a business venture can be quite hard at times, wearing many hats in the beginning, a need to keep on top of your company’s bookkeeping and financials can be a little overwhelming. And
- [How is the US economic recovery going? - Bloomberg offers 5 charts that show it maybe slowing](https://tehcpa.net/how-is-the-us-economic-recovery-going-bloomberg-offers-5-charts-that-show-it-maybe-slowing/) - According to recent reporting from Bloomberg on July 11th, 2020, the U.S. reopening and economic recovery from the Coronavirus-induced recession is leveling off and showing signs of hitting some snags or slowing down being only two months into the rebound. The article is basing this assumption off of a series real-time economic indicator charts. Now
- [Business owners guide to reading financial statements like a pro](https://tehcpa.net/business-owners-guide-to-reading-financial-statements-like-a-pro/) - As a business owner or startup founder, you may be well versed in finance or it may not be your forte, but regardless of your skill level, financial statements are a crucial aspect of running a successful company. And to some non finance professionals, they may seem a little confusing to read as if the
- [Finance Operations During the Covid-19 Crisis: Five Agile Growth Strategy Lessons from Accenture CFO Survey](https://tehcpa.net/finance-operations-during-the-covid-19-crisis-five-agile-growth-strategy-lessons-from-accenture-cfo-survey/) - How important is it for an organization to develop a more agile and adaptable finance function that can respond to information and changes in real-time? The Coronavirus pandemic has certainly changed just about everything for businesses in almost every industry, and CFO’s and finance management teams have been heads down in the weeds since this
- [A Harvard research study says the wealthly are not spending and its having a negative affect on the economy](https://tehcpa.net/a-harvard-research-study-says-the-wealthly-are-not-spending-and-its-having-a-negative-affect-on-the-economy/) - An article in NPR recently reported that the upper income households have not been spending as freely as their lower income family counterparts have been spending on essential goods in the past few weeks as things have begun to open up. And according to the NPR contributor “that decline in spending by the wealthy could limit
- [Digital Transformations: the COVID-19 crisis is speeding up the need for business to compete in the digital economy](https://tehcpa.net/digital-transformations-the-covid-19-crisis-is-speeding-up-the-need-for-business-to-compete-in-the-digital-economy/) - As we have now lived for almost close to 4 months into this Covid-19 health pandemic if people had any doubts about the need to invest in cloud, AI, analytics technologies and tools to digitally transform to ensure the relevance and longevity of the business. Even as cities and businesses are slowly starting to reopen
- [Techcrunch contributor suggests that startup VC funding trend of "down rounds financing" at lower valuations is coming](https://tehcpa.net/techcrunch-contributor-suggests-that-startup-vc-funding-trend-of-down-rounds-financing-at-lower-valuations-is-coming/) - When the economy takes a turn for the worst, a few things usually take place. Market multiples contract. Unemployment rises. Cash dries up. For many startups, this will mean death. For others, by clamping down on burn rates quickly, becoming hyper efficient, and continuing to execute—even at reduced growth rates—they will make it out on
- [When the Next Recession Happens, Watch for these 4 Positive Economic Opportunities](https://tehcpa.net/when-the-next-recession-happens-watch-for-these-4-positive-economic-opportunities/) - Recently Ben Carlson wrote an interesting article on Fortune about some of his predictions of what could happen when the next recession hits the US economy. He claimed, “unless the GDP suddenly falls off a cliff, next month of July, 2019 will mark the longest economic expansion in U.S. history, surpassing the period from March
- [Trump signs "Paycheck Protection Program Flexibility Act" changes into Law To Revamp PPP loan Rules for Businesses Survive](https://tehcpa.net/the-house-is-going-to-vote-on-the-paycheck-protection-program-flexibility-act-legislation-to-revamp-ppp-loan-rules-for-businesses-survive/) - Update: According to reporting from Market Watch, President Donald Trump on Friday June 5th signed into law a bill easing conditions for small businesses tapping the government’s Paycheck Protection Program, with his OK coming after the measure scored broad support from lawmakers. The Democratic-run House voted overwhelmingly in favor of a bipartisan bill that would give
- [How to adapt and retool your business as California starts to reopen from Covid-19 shutdown](https://tehcpa.net/how-to-adapt-and-retool-your-business-as-california-starts-to-reopen-from-covid-19-shutdown/) - Organizations that can thread the needle of both protecting and running the business today with retooling the business for tomorrow will outrun extinction and thrive after the pandemic. California is slowly starting to reopen according to recent reporting from the LA Times. But the he actions that CEOs take now and in the weeks ahead
- [New SBA Loan Forgiveness Application & Treasury Guidance FAQs, & Safe Harbor for PPP Loans](https://tehcpa.net/new-sba-loan-forgiveness-application-treasury-guidance-faqs-safe-harbor-for-ppp-loans/) - As many small business owners are looking clarity towards applying for repayment forgiveness of their SBA Paycheck Protection Program (PPP) loans, on May 13, 2020 the Treasury Department finally released guidance providing a “safe harbor” from audits or penalties for businesses that received a loan that was under 2 million amount. The report also covered
- [5 tips for surviving Covid-19 when revenue is lowered and expenses are still the same](https://tehcpa.net/5-tips-for-surviving-covid-19-when-revenue-is-lowered-and-expenses-are-still-the-same/) - Taking decisive actions to temporarily reduce overhead expenses today can possibly help companies survive the Coronavirus crisis and keep the operations going. For many medium to small businesses—at least the ones that have been forced to majorly scale back their operations or completely shut down—the disruption triggered by the Covid-19 pandemic poses a long-term threat
- [Coronavirus stimulus package CARES Act: What you should know as a business owner](https://tehcpa.net/coronavirus-stimulus-package-cares-act-what-you-should-know-as-a-business-owner/) - [vc_row css=”.vc_custom_1586013964019{background-color: #edeef5 !important;border-radius: 2px !important;}”][vc_column][vc_column_text css=”.vc_custom_1586020388526{margin-bottom: 0px !important;}”] On March 27, 2020, Congress officially passed a $2 trillion stimulus package, called the Coronavirus Aid, Relief, and Economic Security (CARES) Act, aimed at helping employees, businesses, and states deal with the economic fallout from efforts to curb the coronavirus outbreak. The HR.748 CARES Act is
- [CARES Act Tax Provision Modifications to NOL Carryback & Suspends TCJA 500k active losses limitation of pass-through entities](https://tehcpa.net/cares-act-tax-provision-modifications-to-nol-carryback-suspends-tcja-500k-active-losses-limitation-of-pass-through-entities/) - One of the recent questions that has come up in the news lately is who benefits from the CARES Act relief tax cuts? Its good question. And with the recent press about how a bunch of large publicly traded companies got millions in loans from the program meant for small business called Paycheck Protection Program
- [Improving Your San Diego Company’s Financial Risk Management Strategy](https://tehcpa.net/improving-your-companys-financial-risk-management-strategy/) - San Diego outsourced CFOs must strategize ways to manage and mitigate risk and drive business value related to people, process, and technology
- [Strategic scenario risk planning techniques help anticipate possible futures under conditions of uncertainty like Coronavirus](https://tehcpa.net/strategic-scenario-risk-planning-techniques-help-anticipate-possible-futures-under-conditions-of-uncertainty-like-coronavirus/) - Many bosses and employees have been through economic crises before, such as the last financial crisis of 2008. They know that each time the agony is different—and that each time some entrepreneurs and firms will adapt and bounce back. With the US now being more than a month into the Coronavirus driven turmoil that has
- [Managing cash flow liquidity during uncertain recessionary time periods such as Coronavirus](https://tehcpa.net/managing-cash-flow-liquidity-during-uncertain-recessionary-time-periods-such-as-coronavirus/) - According to a recent Harvard Business School Working Knowledge article, small-business owners that are trying to weather the Coronavirus pandemic will face a financial blow that’s likely to be worse than what they experienced during the Great Recession more than a decade ago, says Karen G. Mills, senior fellow at Harvard Business School. Mrs Mills
- [Congress Passes Covid-19 Related Tax Payroll Credit relief & IRS extends Tax filing Deadline to July-15th](https://tehcpa.net/congress-passes-covid-19-related-tax-payroll-credit-relief-irs-extends-tax-filing-deadline-to-july-15th/) - In an effort to mitigate some of devastating economic impact of the COVID-19 virus, grinding “non-essential” businesses to a halt temporarily. Congress passed the Families First Coronavirus Response Act (the Act) aid package last week. The Act includes two payroll tax credits to help employers cover wages paid to employees that need time off due
- [8 tips about how startups can survive the next recession from Sequoia Capital backed Mixpanel founder](https://tehcpa.net/8-tips-about-how-startups-can-survive-the-next-recession-from-sequoia-capital-backed-mixpanel-founder/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1583979618529{margin-bottom: 0px !important;}”]As the impact of the coronavirus grows, triggering stock market uncertainty, massive declines in oil prices, early stage startups, small businesses and middle market companies must stay apprised of the latest risks and challenges related to the outbreak and their businesses. From production and supply chain interruptions, to consumption and tourism to
- [Major VC Sequoia Capital Warns Its Portfolio Investment Startups of Coronavirus ‘Black Swan’ Event](https://tehcpa.net/major-vc-sequoia-capital-warns-its-portfolio-investment-startups-of-coronavirus-black-swan-event/) - So according to reporting from both Bloomberg News and Recode a tech news publication, Sequoia Capital, one of Silicon Valley’s top venture capital firms and a sometimes fortune teller for the VC industry, sent an a dark email note to its portfolio startup companies founders on March 5th 2020, warning that the risks of the
- [New Bernie Sanders proposal to raise taxes on executive compensation stock options earlier could hit start-up workers](https://tehcpa.net/new-bernie-sanders-proposal-to-raise-taxes-on-executive-compensation-stock-options-earlier-could-hit-start-up-workers/) - Bernie Sanders, the self proclaimed Democratic “socialist” front-runner, citing new GAO report, calls for taxing executive retirement plans (which are selectively given to key executives in order to incentivize them to stay with a company) and stock options sooner. Mr Sanders new proposal would sharply curb the tax benefits of executives’ retirement plans (known as
- [8 small business principles and metrics to track and measure growth](https://tehcpa.net/8-small-business-principles-and-metrics-to-track-to-measure-growth/) - I recently read an interesting article from Bernard Schroeder, the Director at the Lavin Entrepreneurship Center, San Diego State University, and Forbes contributor about “what metrics really matter to make a small business successful 8 guiding principles”, which he brought up some useful points for startups to keep in mind. For many people, founding and
- [New BEA Data shows Trumps Tax Cuts did not fuel higher Economic GDP Growth than Obama Era](https://tehcpa.net/bea-data-shows-trumps-tax-cuts-did-not-fuel-higher-economic-gdp-growth-than-obama-era/) - On January 30th, 2020 The U.S. Bureau of Economic Analysis released its first estimate for the December quarter of gross domestic product and it shows the economy has slowed down growth at a rate of only 2.1%. Read the 'BEA Technical Note 4th quarter GDP report" for further info. The US GDP metric —is the
- [How Using an Expense and Revenue Spreadsheet Can Fuel Your Business Grow?](https://tehcpa.net/how-using-an-expense-and-revenue-spreadsheet-can-fuel-your-business-grow/) - Recently I read an interesting article on Gusto by Jeff Haden a small business consultant, titled “How 1 Spreadsheet Turned a Small Business Into a $100 Million Company” where he told a story about a startup called Optimove to uses one spreadsheet to manage their AI-driven management platform business. Now, most small businesses may enjoy
- [The New Form W-4: Withholding in 2020 Have Changed for Business Owners](https://tehcpa.net/the-new-form-w-4-withholding-in-2020-have-changed-for-business-owners/) - The TCJA tax code overhaul reform, that was signed Dec. 22, 2017, by President Donald Trump, took effect Jan. 1, 2018. Under the law (Pub. L. 115-97), the use of personal exemptions in calculating income tax liability was suspended from Jan. 1, 2018 to Jan. 1, 2026. The IRS revised the federal income tax withholding
- [Business tax planning tips guide for 2019 tax year filing](https://tehcpa.net/business-tax-planning-tips-guide-for-2019-tax-year-filing/) - Small business tax planning and risk considerations for the 2019 tax filing year. To help determine the opportunities to reduce costs and tax liabilities.
- [How Senator Warren Plans Would Tax 250K Income Earners (Not Just Billionaires)](https://tehcpa.net/how-senator-warren-plans-would-tax-250k-income-earners-not-just-billionaires/) - Last month on November 19th, 2019 a New York Times columnist Neil Irwin wrote an interesting tax analysis article using data from Moody’s titled “How Democrats Would Tax High-Income Professionals (Not Just the Mega-Rich).” That concluded that Democratic presidential candidates such as Elizabeth Warren’s tax proposals would raise taxes on many professionals making 200k plus
- [10 year-end tax saving strategies to lower your 2019 tax bill](https://tehcpa.net/10-year-end-tax-saving-strategies-to-lower-your-2019-tax-bill/) - New Year's Eve and 2020 are almost here, U.S. citizens only have a few more weeks to get their “so-called” financial houses in order. Now the good thing is that individual tax filers should have better confidence in their strategies for year-end tax planning for 2019 compared to the previous year. The historic TCJA tax reform
- [The Cadillac Tax, Companies Are still Wondering Will Ever Take Effect?](https://tehcpa.net/the-cadillac-tax-companies-are-still-wondering-will-ever-take-effect/) - Are we still talking about the Cadillac Tax? Mark Maurer recently wrote an article in the CFO section of the Wall Street Journal titled “After Years of Prep, CFOs Wonder if Cadillac Tax Will Ever Take Effect.” Apparently there could be a levy on high-cost health insurance coverage, scheduled to kick in around 2022, which could
- [Lessons from Michael's store former-billionaire investor Sam Wyly settles $1.3 Billion tax bill for $500 million](https://tehcpa.net/lessons-from-michaels-store-former-billionaire-investor-sam-wyly-settles-1-3-billion-tax-bill-for-500-million/) - An early investor who purchased a controlling interest in 1983 of the arts-and-crafts retail chain Michael’s Stores Inc, Sam Wyly, a Dallas entrepreneur who was once listed back in the year 2000 for making the Forbes’ list of the richest Americans with a net worth at the time of ¾ of billion dollars. But now he
- [TIGTA released their 2020 Annual Audit Plan Priorities for the IRS](https://tehcpa.net/tigta-released-their-2020-annual-audit-plan-priorities-for-the-irs/) - The office of the Treasury Inspector General for Tax Administration (TIGTA) is one of many federal IG offices, but it gets brought up in media news headlines related to President Donald Trump and his tax returns. The New York Times wrote an article in October mentioning that the Treasury Inspector General is investigating how the
- [IRS Announces Increased 2020 Retirement Plan Contribution and Benefit Limits for 401(k), Roth, IRA and More](https://tehcpa.net/irs-announces-increased-2020-retirement-plan-contribution-and-benefit-limits-for-401k-roth-ira-and-more/) - IRS announced it’s latest inflation-adjusted (cost-of-living) figures affecting dollar limitations for pension plans and other qualified retirement account savings for tax year 2020:
- [What are lean thinking principles and can it help improve your companies operations and processes?](https://tehcpa.net/what-are-lean-thinking-principles-and-can-it-help-improve-your-companies-operations-and-processes/) - Have you ever heard of the phrases “lean thinking”, “lean principles” or “lean six sigma”? Lean principles help to examine business processes and focus on minimizing unnecessary costs, reducing waste and improving inefficient procedures. Recently Robert Logemann published an article in CFO.com titled ”Want to go lean, first understands what it means” where he stated there
- [Self Employment Taxes - Does The IRS tell you everything you to know?](https://tehcpa.net/self-employment-taxes-does-the-irs-tell-you-everything-you-to-know/) - Recently Marketwatch contributor Bill Bischoff wrote an interesting article titled “‘What the IRS doesn’t tell you about self-employment taxes”, where he asked the question “Do you owe the dreaded 15.3% self-employment (SE) tax on random non-employee income that you only collect occasionally or in a one-off circumstance?” His article attempts to make the case that
- [Strategies for Improving the Budget Planning Process for Your Business](https://tehcpa.net/strategies-for-improving-the-budget-planning-process-for-your-business/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1572466036575{margin-bottom: 0px !important;}”]Budgeting for both small and large corporations is a necessary financial duty. Investopedia stated in an article about it that “estimating and matching expenses to revenue (real or anticipated) is crucial because it helps small business owners figure out if they have enough cash flow to fund operations, grow the business, and
- [IRS updates per diem rates for meal & lodging expenses for business travel](https://tehcpa.net/irs-updates-per-diem-rates-for-meal-lodging-expenses-for-business-travel/) - Business travelers who incur expenses while traveling away from home have new per-diem (that’s Latin meaning "for each day” - remember, lawyers love Latin) rates to use in substantiating certain of those expenses. On September 25th, 2019 Accounting Today reported that the IRS released an advanced copy of Notice 2019-55 issuing new per diem rates
- [Family business ownership succession and tax considerations for choosing an entity business structure](https://tehcpa.net/ownership-succession-and-tax-considerations-for-choosing-an-entity-business-structure/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1572028504830{margin-bottom: 0px !important;}”]This is a follow up post to a previous article titled “7 strategies to make a family owned business succession transition work successfully”. And since there are many facets and complexities to managing succession of a family owned business, and determining things; such as leadership succession, will the next generation of the
- [7 strategies to make a family owned business succession transition work successfully](https://tehcpa.net/7-strategies-to-make-a-family-owned-business-succession-transition-work-successfully/) - So do you work for or own a family business in San Diego or California? Large and small-sized family-owned businesses are the backbone of the U.S. economy. They make up a majority of U.S. gross domestic product (GDP) and generate 60% of the countries employment workforce, and, according to data from Score, create 78% of
- [The Section 199A 20% Pass-Through Deduction IRS published Final Guidance](https://tehcpa.net/the-section-199a-20-pass-through-deduction-irs-published-final-guidance/) - On January, 19th, 2019, the IRS issued the final regulatory guidance in chapter 12 of Publication 535, This update discusses the complex 20 percent qualified business income deduction under Section 199A (also known as a pass-through income deduction.) To recap, this deduction was enacted by the TCJA tax reform law (Pub. L. No. 115-97), and it
- [new research finds that tax-cuts for bottom 90 percent of earners boosts job growth](https://tehcpa.net/new-research-finds-that-tax-cuts-for-bottom-90-percent-of-earners-boosts-job-growth/) - A fascinating new study recently reported on by Economic Research Reporter Clark Merrefield from Harvard Kennedy School’s Journalists Resource, discovered that job creation and employment increases when taxes are cut for the bottom 90% of income earners. This finding is contrary to popular supply-side economics theories of the past 35 or 40 years. A Princeton
- [8 strategies for helping your business avoid disruption](https://tehcpa.net/8-strategies-for-helping-your-business-avoid-disruption/) - Throughout the 80s and 90s time period, there was a strong competition in the point-and-shoot camera film industry amongst Canon, Fujifilm, and Kodak. But not all of these companies exactly saw the future of disruption coming with digital cameras and digital imaging photography, and how it would change the way people take and share photos.
- [10 Strategies to enable a successful organizational capabilities transformation](https://tehcpa.net/10-strategies-to-enable-a-successful-organizational-capabilities-transformation/) - The world is changing at seemingly breakneck speeds, with technology and innovation being one of the driving catalysts for disruptive change, creating new markets and reinventing business models. Both small and large companies are facing organizational challenges, forcing businesses to move with speed and confidence, and continually innovate to stay relevant. Competitors can undercut your
- [Indexing Capital Gains Tax to inflation,  Will it Stimulate Economic Growth?](https://tehcpa.net/indexing-capital-gains-tax-to-inflation-will-it-stimulate-economic-growth/) - So the Trump Administration has been talking about “indexing” the capital gains tax to inflation on and off since 2018. And there is a lot of skepticism as to whether it is a good idea and will it actually boost economic growth or just lose more tax revenue for the IRS? Robert Verbruggen recently wrote
- [Cash Flow Management Metrics: Days Cash on Hand](https://tehcpa.net/cash-flow-management-metrics-days-cash-on-hand/) - Having strong cash reserves help your business prepare for the unexpected. Days cash on hand is an accounting metric that evaluates the number of days a business can go on paying its operating expenses with the amount of currently available cash. So imagine if your companies sales suddenly dropped by losing a major account or
- [Small business Payroll Tax breaks You should Consider](https://tehcpa.net/small-business-payroll-tax-breaks-you-should-consider/) - The government has set up certain federal level tax breaks that are geared towards helping small businesses. A small business is defined in this context by how many employees you have on your companies payroll. Growing your startup is usually the goal of any entrepreneur but you also must understand as you hire more workers
- [Trump Signs Respect Act Bill to Protect Small-Business Owners from IRS Seizures](https://tehcpa.net/trump-signs-respect-act-bill-to-protect-small-business-owners-from-irs-seizures/) - The IRS & Government must now prove criminal wrongdoing before seizing your bank accounts (at least for structuring).
- [8 Rental Tax Deductions You Should Use for Your Vacation Properties](https://tehcpa.net/8-rental-tax-deductions-you-should-use-for-your-vacation-properties/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1565030765758{margin-bottom: 0px !important;}”]Do you invest and own real estate rental properties in California? Being that we are in early August, which is a popular time of the summer for people to go on vacations with their family. Tom Wheelwright wrote an interesting article recently on Entrepreneur about “9 tax deductions you take for short
- [Congress and The Secure Act may change your IRA and Retirement Savings](https://tehcpa.net/congress-and-the-secure-act-may-change-your-ira-and-retirement-savings/) - For a myriad of reasons, the traditional public and private pensions have been declining since the late 80s, which has pushed the responsibility of saving for retirement onto the individual. In today's do-it-yourself savings environment, most professionals are forced to use 401(k) plans and IRAs. Clearly the current systems is not working for everyone,
- [The Qualified Small Business Stock QSBS tax break that early stage Silicon Valley investors are leveraging](https://tehcpa.net/the-qualified-small-business-stock-qsbs-tax-break-that-early-stage-silicon-valley-investors-are-leveraging/) - With the recent ridesharing technology companies Lyft and Uber and other tech startups filing for IPO, some early employees and investors are reaping a double whammy payout reward. One that will put millions and for some billions of dollars of cash into their net-worth, as well as capitalizing on a unique tax provision that will
- [Does your balance sheet really convey your small businesses true value?](https://tehcpa.net/does-your-balance-sheet-really-convey-your-small-businesses-net-worth/) - As I discussed in a blog post last month, financial statements for both small and large businesses include something that is called a balance sheet. And a balance sheet is an accounting report that displays a company’s assets and liabilities and will show a snapshot of the business’s financial standings for a particular point in
- [Understanding and establishing Business Credit for your startup](https://tehcpa.net/understanding-and-establishing-business-credit-for-your-startup/) - Starting and running a small business comes with both responsibilities and opportunities. And one of these duties is establishing a business credit profile. Some small businesses rely on either personal or business credit to help finance the purchase of new machinery, acquire inventory, and expand their operations. Even recurring costs like payroll can be covered
- [Do Financial Statements Really Work for Digital Technology Startup Corporations?](https://tehcpa.net/do-financial-statements-really-work-for-digital-technology-startup-corporations/) - Are the current GAAP financial statements reporting methods failing to capture the value created by digital companies in the heavy spending to gain market share and new growth?
- [Basic Financial Statements: What Privately-Held Businesses Need To Understand](https://tehcpa.net/basic-financial-statements-what-privately-held-businesses-need-to-understand/) - What exactly are financial statements for a business? In general, there are three main financial statements issued by companies to comply with GAAP (generally accepted accounting principles) -- which include the income statement, balance sheet, and cash flow statement. Financial statements represent a formal record of the financial activities of an entity. These written reports quantify
- [California Enacts New $500,000 Threshold For Remote Seller Tax Collections from Wayfair Decision](https://tehcpa.net/california-enacts-new-500000-threshold-for-remote-seller-tax-collections-from-wayfair-decision/) - The South Dakota v. Wayfair 585 U.S Supreme Court decision changed the physical presence rule, which means that states are no longer held to “does a company have a physical presence” steadfast rule for imposing and collecting sales tax obligations. The South Dakota v. Wayfair ruled that states can mandate that businesses without a physical presence in
- [Top 11 Reasons Startups and Small Business Fail](https://tehcpa.net/top-11-reasons-startups-and-small-business-fail/) - For many people, (besides owning their own home), founding and running a small business or startup is considered part of the capitalist American dream. Being your own boss (the proverbial “shot caller”), whether that means picking their own schedule or determining the best route to boost income. With all the media attention about successful “Unicorn
- [Small businesses are feeling the squeeze from the US China Tariff Trade War](https://tehcpa.net/small-businesses-are-feeling-the-squeeze-from-the-us-china-tariff-trade-war/) - Small businesses, economists and others are sending stern warnings to the Trump administration that hiking tariffs on Chinese goods will raise costs for U.S. consumers and impair the ability of companies to hire workers or expand operations. Bloomberg recently published an article titled “‘I’m Not Apple’: Small Businesses Squeezed by Trump’s Tariffs” interviewed Robert Hebleim,
- [Cash Flow - How to Design Your Small Business’s Payroll Schedule](https://tehcpa.net/cash-flow-how-to-design-your-small-businesss-payroll-schedule/) - As a startup business founder, trying to figure out the correct time schedule to pay your workers can be a crucial decision. Managing and predicting cash flow as a small business owner can be very challenging to say the least. When you are a small company cash flow is one of the most important things, and
- [Democrat Proposes Sweeping Reform Would Tax Unrealized Capital Gains Like Ordinary Income](https://tehcpa.net/democrat-proposes-sweeping-reform-would-tax-unrealized-capital-gains-like-ordinary-income/) - The top-ranking Democrat on the Senate’s tax-writing Finance Committee, Sen. Ron Wyden of Oregon, has just announced on April 2nd, 2019 that he will be releasing a new tax proposal that would eliminate huge tax breaks that wealthy investors use on their capital gains income. By taxing unrealized gains in investment income assets each year
- [Opportunity Zones in California tax incentives could help spur inclusive economic development growth](https://tehcpa.net/opportunity-zones-in-california-tax-incentives-could-help-spur-inclusive-economic-development-growth/) - According to a recent article by Calmatters, California has an optimistic and vibrant economic future. Recent data from the U.S. Bureau of Economic Analysis stated that in 2017, the state of California’s GDP rose nearly $2.8 trillion, which makes the California economy now the fifth-largest in the world. But even as California shows great achievements
- [5 Steps to Moving Your Company's Vendor Payment Process to Digital Solutions](https://tehcpa.net/5-steps-to-moving-your-companys-vendor-payment-process-to-digital-solutions/) - The world is becoming more and more digitized, have you thought about making the switch to a digital vendor payment solution? Have you been using the more traditional accounts payable (AP) methods for the past decade? Making the switch is easier than you think. Many businesses are in some stage of what is known as
- [How to keep your employees motivated -like Google, BridgeWater Associates](https://tehcpa.net/how-to-keep-your-employees-motivated-like-google-bridgewater-associates/) - Have ever spoken to someone that works at Google, Airbnb, WeWork, and other disruptive companies and wondered why is the enthusiasm so strong and almost cult-like? It could be motivated by stock options and the chance of cashing in on an IPO, but more times than that it is built and nurtured into the company’s
- [Tax benefits- leasing vs purchasing business equipment](https://tehcpa.net/tax-benefits-leasing-vs-purchasing-business-equipment/) - Most small businesses require equipment in order to operate, from computers to furniture to fleet trucks, but they may not be sure in what is the best way to acquire these corporate assets, pay cash, finance or lease? Recent changes to accounting rules and Federal tax law with the passage the Tax Cuts and Jobs Act
- [Deducting Business Expenses - Which Expenses are Tax deductible?](https://tehcpa.net/deducting-business-expenses-which-expenses-are-tax-deductible/) - Tax filing season is here. As an owner of a startup or small business, what types of business costs or expenses are allowed or are considered tax deductible? I get asked the question by my clients “can I deduct that as a business expense on my taxes?” In this blog post, I would like to
- [Small Business Health Insurance Options for 2019 -How to choose a provider](https://tehcpa.net/small-business-health-insurance-options-for-2019-how-to-choose-a-provider/) - It’s 2019, and the costs of healthcare continue to skyrocket, According to the estimates from the Wall Street Journal, the US currently spends $3 trillion a year, and it soon will spend close to 20% of GDP on care for health The costs do not only affect older people on Medicare or individuals with pre-conditions,
- [Despite the Booming  Job Market, Labor Force’s Income Is Shrinking](https://tehcpa.net/despite-the-booming-job-market-labor-forces-income-is-shrinking/) - Because Trump and Republicans like to brag that U.S. unemployment levels are at their lowest in nearly 50 years, with some businesses even griping about labor shortages (skills gap), one might infer that American workers, having increased bargaining leverage, would be receiving a larger portion of the economic pie (meaning wage growth would be rising).
- [Used Property is Now Eligible for Bonus Depreciation under New IRS guidance](https://tehcpa.net/used-property-is-now-eligible-for-bonus-depreciation-under-new-irs-guidance/) - The inclusion of used property and machinery is a significant, and favorable, change from previous bonus depreciation rules. Qualified property can include including computers, purchased software, vehicles, machinery, equipment and office furniture.
- [Treasury Gives Rental Real Estate Investors Safe Harbor for Qualified Business Income Deduction](https://tehcpa.net/treasury-gives-rental-real-estate-investors-safe-harbor-for-qualified-business-income-deduction/) - New IRS Notice 2019-07: Rental Real Estate Enterprise = “ Trade or Business ” Safe Harbor for qualifying for Section 199A Qualified Business Income Deduction
- [Capital Gains Taxation Rates 2019- Your Strategy Guide to Pay Less tax](https://tehcpa.net/capital-gains-taxation-rates-2019-your-strategy-guide-to-pay-less-tax/) - Pay Less on a Winning Investment Now I mostly write about corporate and business tax topics, but since many of my clients and other small to medium-sized business owners might be investing in the stock market or real estate, I thought it would be useful to discuss taxes on capital gains investments. Investing and making
- [Alternative Minimum Tax (AMT) - Notorious AMT is Almost History in 2019](https://tehcpa.net/alternative-minimum-tax-amt-notorious-amt-is-almost-history-in-2019/) - The How, What & Where Behind the Disappearance of the AMT With the 2018 tax return season around the corner, get excited...It's nearly time to get started with your favorite paperwork: taxes. In hopes that tax reform will reward diligent taxpayers with a higher return amount, many are eager to file their returns and see
- [8 Steps for Preparing for the Inevitable Next Game Changing Recession](https://tehcpa.net/8-steps-for-preparing-for-the-inevitable-next-game-changing-recession/) - Is your business prepared for the next recession? What is your plan? How will your business react to the cyclical downfall in the country’s economy that is bound to happen? Recessions obviously have short-term effects on companies but, more importantly, they also have enormous long-term impacts. Uncertainty about the future of the economy is normal
- [Tobin's Q- Is the Tax Cuts and Jobs Act Working?](https://tehcpa.net/tobins-q-is-the-tax-cuts-and-jobs-act-working/) - A year seems like a long time, especially when you’re talking about the Tax Cuts and Jobs Act (TCJA.) Despite this supposed long period of 365 days, we have to remember that the economy is cyclical and usually any type of tax reform will take around four years to sink into the economy. It’s also
- [Multiple Employer Plan Enrollment is Skyrocketing Should Your Small Business Follow Suit?](https://tehcpa.net/multiple-employer-plan-enrollment-is-skyrocketing-should-your-small-business-follow-suit/) - Every day, hundreds of small businesses opt for multiple employer defined contribution plans (MEPs). As it stands today, close to 38 million private-sector workers in the United States do not have retirement savings plans via their employers. Finally, federal legislators in the nation’s capitol are realizing the dire nature of this situation and, in a
- [2018 Year-End Payroll To Do List](https://tehcpa.net/2018-year-end-payroll-to-do-list/) - Payroll is an integral component and the backbone of most businesses. An organization’s payroll team and department have a critical role in the protection of a company’s integrity, reputation and compliance record; this is on top of managing employee compensation. This year, there is more to consider after the passage of the tax-code overhaul (Pub
- [Small Business Year-End Healthcare Options](https://tehcpa.net/small-business-year-end-healthcare-options/) - For any business, it’s critical to have a systematic, organized and easily implemented plan for coordinating and syncing your taxes with your healthcare expenses. Taxes and healthcare arrangements are more connected and dependent on each other than most small business owners and shareholders think. In fact, myriad entrepreneurs are oblivious to the notion that small
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- [IRS Clarifies Issues on Guidance for Deducting Meals & Entertainment](https://tehcpa.net/irs-clarifies-issues-on-guidance-for-deducting-meals-entertainment/) - The IRS has finally issued additional guidance concerning new and altered legislation for deducting business meals and entertainment (IRS Notice 2018-76)- drastic changes in this area caused shock across the business world after they were announced in the Tax Cuts and Jobs Act (TCJA) of December 22nd, 2017. This was a predicament, to say the
- [Health Care Expenses are Demolishing the Economy](https://tehcpa.net/health-care-expenses-are-demolishing-the-economy/) - No one ever said being ill is a walk in the park with a picnic. Not feeling well, however, does not only apply to people, animals and plants- it applies to the economy also. In the same token as having a sickness can affect every facet of a person’s life, we can use human sickness
- [Obamacare & ACA Alternatives Made Easier to Purchase by Trump Administration](https://tehcpa.net/obamacare-aca-alternatives-made-easier-to-purchase-by-trump-administration/) - on August, 1st 2018 President Trump's executive order on Healthcare 2.0 is packed with a plethora of changes and add-ons. After intense scrutiny of the Affordable Care Act (ACA), the Trump Administration threw some heavy hardballs at the ACA, in an attempt to dismantle the existing Obama healthcare's very framework. In particular, Republican Officials unveiled
- [Medicare & Medicaid Cuts Targeted by Republican 2019 House Plan to Balance Budget](https://tehcpa.net/medicare-medicaid-cuts-targeted-by-republican-house-plan-to-balance-budget/) - House Republicans released a preliminary proposal late July which would balance a faltered budget over a period of nine years. The catch? Massive slashes to entitlement programs such as Medicare and Medicaid will need to be made. Yes, precisely the same entitlement offerings that President Trump has consistently vowed to keep sacred and untouchable. The
- [Why Company Culture Declarations Are Overrated](https://tehcpa.net/why-company-culture-declarations-are-overrated/) - A majority of companies claim that their business culture is untouchable from an overall desirability standpoint. Company culture is a business’ “law of the land,” and ideally summarizes and holds a company to the highest of business, ethical, professional, personal and compliance standards. This is why businesses put so much emphasis on company culture.
- [Tax Guide to Writing Off Equipment & Capital Improvements](https://tehcpa.net/tax-guide-to-writing-off-equipment-capital-improvements/) - Tax Guide to Writing Off Equipment & Capital Improvements
- [Tax Cut Impact on Business Employment Practices Main Street vs. Wall Street Reactions](https://tehcpa.net/tax-cut-impact-on-business-employment-practices-main-street-vs-wall-street-reactions/) - As it currently stands, record low levels of unemployment are being reported and the employment participation rate is the highest it’s been in years. This begs to question how employers are finding ideal candidates for open positions. Competition is rampant among employers as they all are essentially pursuing the same candidates. Businesses, from small to
- [Crucial Tax Reform Changes for Real Estate and Construction Companies](https://tehcpa.net/crucial-tax-reform-changes-for-real-estate-and-construction-companies/) - We are looking at industry-specific tax saving opportunities created by tax reform for in construction companies and real estate businesses
- [6 Steps to Converting to a Paperless Office : Reducing Expenses & Bettering Efficiency](https://tehcpa.net/6-steps-to-paperless-office-success-reducing-expenses-bettering-efficiency/) - converting to a paperless office can facilitate faster access to documents, it helps employees work smarter and more efficiently
- [4 types of Small Business Taxes: How to Remain in Compliance with the Tax Code](https://tehcpa.net/4-types-of-small-business-taxes-how-to-remain-in-compliance-with-the-tax-code/) - Small businesses are required to file both state and federal income tax returns. What may get a little more confusing, is how the type of tax filing forms required will vary depending on the entity and business structure you choose for your business. Now that the new tax reform has become law, some of the
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- [Deciphering the Tax Reform’s Impact Losses & Net Operating Losses Corporations & Individuals](https://tehcpa.net/deciphering-the-tax-reforms-impact-losses-net-operating-losses-corporations-individuals/) - The new tax reform act brings in new net operating loss rules for businesses and loss limitation rules for individual taxpayers – changing existing law dramatically
- [IRS offers relief to employers claiming small business health care tax credits](https://tehcpa.net/irs-offers-relief-to-employers-claiming-small-business-health-care-tax-credits/) - If you are a small employer, there is a tax credit that can put money in your pocket. The IRS just released guidance on Friday that will give some relief to some small business employers that want claim and take advantage of the Small Business Care Tax Credit for 2017 and later years. The
- [Guess What? TCJA Tax Reform Didn't Kill These 2 Obama-Era Taxes](https://tehcpa.net/guess-what-tcja-tax-reform-didnt-kill-these-2-obama-era-taxes/) - The TCJA tax reform bill that was signed into law last December 22nd was intended to simplify and reduce tax burdens for many taxpayers. Large c-corp companies got the biggest benefits from seeing their typical tax rate reduced from 38% down to 21%. For individuals getting reductions in tax rates for most income tax brackets,
- [4 strategies to change your companies culture of managing working capital](https://tehcpa.net/4-strategies-to-change-your-companies-culture-of-managing-working-capital/) - Managing working capital, or operating liquidity (the speed at which assets can convert into cash), has always been crucial to the long-term financial health of top companies. Capitalizing on opportunity requires a cultural shift. Prioritizing working capital allows companies to make strategic investments, which in turn drive operational efficiencies and reduce overhead. Conversely, not having
- [Politically motivated tax bill had short term gains, but exploding Federal debt looms](https://tehcpa.net/politically-motivated-tax-bill-had-short-term-gains-but-exploding-federal-debt-looms/) - The tax bill was supposed to help small business and workers, keep jobs in the US, drive wage growth and increase employment. Corporate profits skyrocketed, and instead of investing that growth into the job market, these companies paid large dividends and engineered huge stock buy-backs and enjoyed increased corporate profits without providing any economic stimulus
- [The Impact of Tax Reform on Choice of Business Entity Selection](https://tehcpa.net/the-impact-of-tax-reform-on-choice-of-business-entity-selection/) - Risks and rewards in a ‘C corporation versus flow-through entity’ business decision One of the most significant outcomes of the Tax Cuts and Jobs Act (TCJA) reform is the startling difference between the new tax rates for C corporations and for pass-through entity business income. For tax purposes, the decision on whether to operate
- [Californian Democratic Leadership Continues to Reject Tax Reform](https://tehcpa.net/californian-democratic-leadership-continues-to-reject-tax-reform/) - Gov. Jerry Brown wants to save the world from what he portrays as the “existential threat” of climate change. He is strangely unwilling, however, to even try to save the state budget from the existential threat posed by an insanely unbalanced tax system, even though he acknowledges the fiscal peril. Brown repeatedly warns that a
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- [The 8 Most Complicated Small Business Sales Tax Challenges](https://tehcpa.net/the-8-most-complicated-small-business-sales-tax-challenges/) - Successfully Navigating Sales Tax Sales tax is not the topic of your ordinary table talk. In reality, a majority of small business owners only contemplate sales tax as they are configuring the back office workings that support their retail stores or services. Or, worst case scenario, when there is a breakdown in their sales tax
- [6 Small Business Components Trends & Predictions for 2018](https://tehcpa.net/6-small-business-components-trends-predictions-for-2018/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1532447538170{margin-bottom: 0px !important;}”]As we are well into the third quarter of 2018, it is critical to take inventory of how businesses have been affected, and especially compare these effects to respective early 2018 business predictions. One thing is for sure: 2018 has been a whirlwind- full of both expected and unexpected changes. Regardless of
- [California's new proposed 3 percent sales tax on services (SB 993) may hurt small businesses](https://tehcpa.net/californias-new-proposed-3-percent-sales-tax-on-services-sb-993-may-hurt-small-businesses/) - [vc_row][vc_column][vc_column_text css=”.vc_custom_1532458975366{margin-bottom: 0px !important;}”]California lawmakers in Sacramento very recently passed their 2019 state budget, which is close to $200 billion taxpayer dollars, and just happens to be the largest in California state history. One factor driving this increase is the select sectors of the economy that are working well. These high-performing sectors are predicted to
- [Your Home Office & Tax Deductions for Small Business](https://tehcpa.net/your-home-office-tax-deductions-for-small-business/) - Small-business owners, entrepreneurs, and employees who work from home could save big money on their income taxes by taking a home office deduction, as long as they meet the IRS’ requirements and keep good records. The IRS just made claiming the home office deduction a little easier. In a recently issued reminder, the IRS reviewed
- [Modifications to Popular Pass-through Tax Break Has Many High Earner Businesses Puzzled](https://tehcpa.net/modifications-to-popular-pass-through-tax-break-has-many-high-earner-businesses-puzzled/) - A clause in the Tax Cuts and Jobs Act (TCJA) concerning a key deduction, the taxation of pass-through income, is causing uproar and confusion among businesses, taxation advisors and high-earners. The new complex rules and regulations for such income “is as clear as mud.” Tax advisors and designated CPAs are at a loss when asked
- [Running a Business: Setting Up a Document Management System](https://tehcpa.net/running-a-business-setting-up-a-document-management-system/) - Do You Have A Comprehensive Document Management System for Your Business? It is critical for a business to be able store, share, and retrieve, digital documents
- [Tax Reform's Implications of the 20% Pass-through Entity Income Section 199a](https://tehcpa.net/tax-reforms-implications-of-the-20-pass-through-entity-income-section-199a/) - Understanding the 20% Qualified Deduction for Pass-through Income Fundamentals of the TCJA’s New Business Tax Legislation On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was enacted into law. In code section 199A, the Act’s focus is on particular pass-through income and allows for a 20 percent deduction on that income, in some
- [The Big Business Reaction to the Tax Cuts & Jobs Act Reform](https://tehcpa.net/the-big-business-reaction-to-the-tax-cuts-jobs-act-reform/) - Heavy focus on dividends, capital spending, deals and worker pensions, Apple remains on the fence concerning how its $163 billion can be used Despite doubts, the Trump Administration’s tax cuts for corporations are having a noticeable impact. The most important takeaway at the mid-point of the current earnings season is that businesses are predicted to
- [Tax Reform Eliminates the Entertainment Expense Tax Deduction for 2018](https://tehcpa.net/tax-reform-eliminates-the-entertainment-expense-tax-deduction-for-2018/) - The Entertainment expense is no longer deductible when doing business. The act disallows a deduction for an activity considered to be entertainment, recreation;
- [10 Common Payroll Errors a Small Business Must Avoid](https://tehcpa.net/10-common-payroll-errors-a-small-business-must-avoid/) - Payroll is complicated, there are many facets to it that, when ignored, can result in mistakes. We have compiled a list of 10 payroll errors to avoid.
- [4 Major Accounting Rules Changes on the 2018 Horizon-New SEC & GAAP Financial Reporting Taxonomies](https://tehcpa.net/4-major-accounting-rules-changes-on-the-2018-horizon-new-sec-gaap-financial-reporting-taxonomies/) - New SEC & GAAP Financial Reporting Taxonomies Released Since 2014, the Financial Accounting Standards Board (FASB) has elected to include four very impactful and critical updates to U.S. Generally Accepted Accounting Principles (GAAP.) These sweeping alterations, which will be triggered and subsequently implemented over the following few years, on top of massive legislative plans embedded
- [GOP's Final Tax Reform Overhaul Plan Approved Signed into Law](https://tehcpa.net/gops-final-tax-reform-overhaul-plan-approved-into-legislation/) - Trump on Dec 22nd, signed into law a massive $1.5 trillion tax reform bill into long
- [2017 Year-End Tax Planning & Accounting Considerations for Corporate Businesses](https://tehcpa.net/2017-year-end-tax-planning-accounting-considerations-for-corporate-businesses/) - Check out our 2017 year-end corporate tax planning guide to help your business navigate through these new & confusing legislative tax reform changes.
- [Treasury Department Report Released - Senate Tax Plan Will Not Pay for Itself](https://tehcpa.net/treasury-department-report-released-senate-tax-plan-will-not-pay-for-itself/) - On December 11, 2017, the United States Treasury Department’s Office of Tax Policy (OTP) finally released its promised memo and long-awaited comprehensive analysis of the Senate tax plan titled the Analysis of Growth and Revenue Estimates Based on the U.S. Senate Committee on Finance Tax Reform Plan. The analysis is one page long. Similar to
- [Tax Reform: House Tax Cuts and Jobs Act Bill Passed in The Senate](https://tehcpa.net/house-tax-cuts-and-jobs-act-bill-passed-in-the-senate/) - On December 2, 2017, the modified Senate Tax Cuts and Jobs Act (H.R. 1) was passed in its chamber with a vote, almost entirely along party lines, of 51-49; the sole Republican dissenter being Senator Bob Corker of Tennessee.In order to accomplish a favorable vote, Republican leaders were forced to make significant concessions behind closed
- [Federal Cost-Sharing Subsidies To Insurers Are Reduced- What Are The Real Impacts?](https://tehcpa.net/federal-cost-sharing-subsidies-to-insurers-are-reduced-what-are-the-real-impacts/) - During Donald Trump’s presidential election campaign, he ran on a platform that would repeal and replace President Barack Obama’s signature achievement, the Affordable Care Act (ACA), also widely known as Obamacare. After failure, on the part of a Republican United States Congress to repeal Obamacare and put a concrete replacement plan on his desk thus
- [10 Ways That Small Businesses Can Save On Taxes](https://tehcpa.net/10-ways-that-small-businesses-can-save-on-taxes/) - Albert Einstein famously coined the phrase that “the hardest thing to understand in the world is the income tax.” As a business or individual, you should not being paying more in taxes than what is explicitly stated in IRS guidelines. Discovering legitimate and pitfall-free ways to lower taxes on your company is invaluable. As it
- [4 Big Tax Breaks at Risk Under GOP Tax Proposal](https://tehcpa.net/4-big-tax-breaks-at-risk-under-gop-tax-proposal/) - In late September of 2017, the Republican tax proposal was disclosed to the public. A joint product of Republican leadership and the Trump administration, it indicates that change is on the horizon. Also witnessed in September, during a visit to Indianapolis, Trump gave a very high-level outline of his administration's long-anticipated tax reform package. The
- [What You Need to Know About Registering Your Small Business](https://tehcpa.net/what-you-need-to-know-about-registering-your-small-business/) - In order for your startup business to be a distinct legal entity, you need to go through a business registration process. Where, when and how you must register your company is determined by the location of your business and its respective location. Because the business registration procedure can be baffling and complicated, we have compiled
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- [6 Reasons Why Tax Reform Modeling Is Being Used By Companies As They Prepare For Possible Change](https://tehcpa.net/6-reasons-why-tax-reform-modeling-is-being-used-by-companies-as-they-prepare-for-possible-change/) - We can help your business react quickly and efficiently, and take advantage of new opportunities as they present themselves―both now and once tax reform is enacted.
- [Options for Simple Small Business Fringe Benefits Plans To Retain Top Talent](https://tehcpa.net/options-for-simple-small-business-fringe-benefits-plans-to-retain-top-talent/) - In order to attract and retain great employees, your small business will need to offer a comprehensive and appealing fringe benefits package. As a small business owner, offering an enticing plan can be difficult because of the inherent restraints that come with a business that is not a very well-established company. Nonetheless, offering fringe benefits
- [Tax Code Reform: Can it Really Ever Be Simple?](https://tehcpa.net/tax-code-reform-can-it-really-ever-be-simple/) - So as the cliche goes “Less is more” which many would agree with. But does this saying ring true for US tax code reform? Well Donald Trump, Paul Ryan and the GOP seem to think that it does. America has had a long and complicated history with tax reform. In the House Ways and
- [Tax Deduction Receipt Requirements: The IRS & The Cohan Rule and No Receipts](https://tehcpa.net/tax-deduction-receipt-requirements-the-irs-the-cohan-rule/) - One of the most common questions that taxpayers ask is if they can still claim a deduction even if they don’t have the corresponding receipt. The simple answer to this question is yes, you can deduct without a receipt- the caveat is that taxpayers must proceed with extreme caution. The IRS and courts pay particular
- [How to Get Your Critical Pre-IPO Accounting House Measures In-Order](https://tehcpa.net/how-to-attack-and-get-your-critical-pre-ipo-accounting-house-measures-in-order/) - A business that is planning on going public is required to follow a new significant host of complex accounting requirements and parameters. These parameters range, from issues with financial statements to having more than adequate key performance indicators (KPIs) in the respective business’ management’s discussion and analysis (MD&A), to providing metrics surrounding extremely technical and precise
- [Tax benefits of Setting up Your Board of Directors or Advisors](https://tehcpa.net/tax-benefits-of-setting-up-your-board-of-directors-or-advisors/) - The business life of an entrepreneur can be a lonely one, making the organization of a board of directors, or board of advisors as known in certain circles, a very welcome ingredient in the recipe for a start-up’s success. And, no business is too small for considering the board of directors’ route- companies in all
- [More Pressure on Trump - Elevated Premiums if POTUS Eliminates “Obamacare” Subsidies](https://tehcpa.net/more-pressure-on-trump-elevated-premiums-if-potus-eliminates-obamacare-subsidies/) - Should President Trump make good on his threat to cease all “Obamacare” cost-sharing subsidy payments to insurers, individuals purchasing popular health care policies would undoubtedly encounter significantly higher insurance premiums. In late August 2017, the Congressional Budget Office issued this daunting assessment, from which one can reasonably conclude that health insurers are not the only
- [4 Smart Ways to Fund Your Small Business Venture](https://tehcpa.net/funding-your-small-business-venture/) - Having a solid business plan or pro forma financial projections will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. US Small businesses have traditionally been an important driver for economic recovery when
- [Top 10 Problems & Concerns for California Small Businesses](https://tehcpa.net/top-10-concerns-for-california-small-businesses/) - Tax overhaul, over-regulation and health insurance costs are top concerns for small businesses in California and throughout the US. It could boost business expansion
- [Why is Congress Postponing the ACA "Obamacare" Tax on “Cadillac” Health Plans?](https://tehcpa.net/why-is-congress-postponing-the-aca-obamacare-tax-on-cadillac-health-plans/) - In December 2015, the United States Congress delayed the implementation of the Obamacare “Cadillac tax” to 2020. The Cadillac tax is a 40% excise tax on high-cost employer health benefit plans. Effectively, the Cadillac tax puts a cap on the tax exclusion allowed for employer health benefit plans. Currently, the tax break created by excluding
- [9 Small Business Myths Debunked](https://tehcpa.net/9-small-business-myths-debunked/) - There are many misconceptions and myths that surround small business in this day and age. These myths range from those concerning security to those surrounding the big picture of entrepreneurship.
- [5 questions to ask when picking a CPA accountant for your Small Business](https://tehcpa.net/5-questions-to-ask-when-picking-a-cpa-accountant-for-your-small-business/) - It's hard to find a good accountant- so hard, in fact, that it has become something of a running joke in the small business world. Here are 5 mistakes to avoid
- [Avoid Expensive Tax Consequences by Converting Your Entity from an LLC to a C-Corp](https://tehcpa.net/avoid-expensive-tax-consequences-by-converting-your-entity-from-an-llc-to-a-c-corp/) - The most traditional way that small businesses, entrepreneurs, and startups put their names on the map is via the formation of a limited liability company (LLC). Creating an LLC makes sense if your business is owned by one person or only a couple partners. Operating an LLC also allows all business members to have more
- [Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes](https://tehcpa.net/capital-vs-ordinary-classifying-income-and-losses-affects-your-taxes/) - How to Classify Income & Losses and its Effect on Your Taxes Classifying your income and losses as capital versus ordinary will undoubtedly affect your taxes. Although the methodology behind declaring gains and losses obtained from selling an asset is seemingly straightforward, recent studies have indicated that, particularly when real estate circumstances are
- [Not All Businesses Benefit the Same Under Trump’s Tax Proposal](https://tehcpa.net/not-all-businesses-benefit-the-same-under-trumps-tax-proposal/) - Since Donald Trump was on the campaign trail, he has been promising companies a “huge” tax cut. However, not all businesses are likely to benefit equally. Small and midsize organizations stand to gain the most from a straightforward corporate tax cut, though only if they are actually profitable. This data is according to interviews of
- [7 Signal’s Your Company Is Outgrowing Its Accounting Capabilities](https://tehcpa.net/7-signals-your-company-is-outgrowing-its-accounting-capabilities/) - Upgrading, changing or making new integrations to your current accounting and bookkeeping system can seem daunting to some organizations. We know because we’ve worked with many San Diego businesses that resist change so long they even realize their old desktop systems -- things that worked fine in the early stages of business -- were actually
- [An entrepreneur's guide to small business tax deductions](https://tehcpa.net/an-entrepreneurs-guide-to-small-business-tax-deduction/) - Since deducting expenses from your top-line revenues reduces your tax burden, use our small business deduction guide to make the right choices
- [How to Maximize Your Business Tax Extension Filing](https://tehcpa.net/how-to-maximize-your-your-business-tax-extension-filing/) - Do you need more time to file your 2016 business tax return? Here is a tax guide to making the most of filing tax extensions for business
- [Section 179 Deductions for Real Estate Expenses - the Options](https://tehcpa.net/section-179-deductions-for-real-estate-expenses-the-options/) - The Bottom line: The Section 179 Tax Deduction is meant to encourage businesses to stay competitive by purchasing needed real estate & equipment, and writing off a portion of it on their taxes for the current year. The Protecting Americans from Tax Hikes (PATH) Act of 2015 made the section 179 deduction for qualified
- [Reducing 2016 Taxable Business Income via Accounting Method Changes](https://tehcpa.net/reducing-2016-taxable-business-income-via-accounting-method-changes/) - If you are a business taxpayer who has not filed your 2016 federal income tax returns, you may have the opportunity to take advantage of some last minute tax saving techniques. These tax reductions are available to you now because of the new Republican administration in the White House and a Congress with a Republican
- [Tax Break Changes for 2017 for Small Business](https://tehcpa.net/tax-break-changes-for-2017-for-small-business/) - Congress and lawmakers gave businesses a beneficial gift at the end of 2016 by making one of our country’s tax code’s most popular business provisions permanent. The Protecting Americans Tax Hikes Act of 2015 (Path Act) made 22 temporary tax deductions and credits permanent. Some of these tax break incentives have been public knowledge for
- [The Carrier Interest Tax Income Reform Debate](https://tehcpa.net/the-carrier-interest-tax-income-reform-debate/) - With no clear or definitive indication of how the “carried interest income tax loophole” issue may be changed or addressed in tax reform from the Ways and Means House blueprint, we can discuss it based on the last proposal that was put forward in 2010. This proposal was the last piece of legislation that seriously
- [IRS Updates & FAQs on Certain ACA Tax Provisions](https://tehcpa.net/irs-updates-faqs-on-certain-aca-provision/) - The Trump Administration and allies in Congress appear to be holding true on a highly debated campaign promise: the repeal and replacement of the Affordable Care Act (ACA). While this act is supposed to be completely overhauled and replaced in the next few months, we want to emphasize to employers that they are still
- [New Revenue Recognition Standard: Effectively Managing Accounting Change](https://tehcpa.net/new-revenue-recognition-standard-effectively-managing-accounting-change/) - Significant changes to revenue recognition for financial accounting are almost here. Nobody ever said that change is easy. But, the most successful businesses constantly embrace change. One of the biggest changes to the accounting world will soon take place, and businesses will have to adapt if they want to thrive in the future.
- [Working Capital Optimization](https://tehcpa.net/working-capital-optimization/) - In good times and bad economic times, a relentless focus on cash flow and efficiency is a crucial part to the success of an organization. Working capital optimization is a CFO level managerial accounting strategy that focuses on maintaining efficient levels of working capital, current assets, and liabilities during all economic cycles. There are a lot of
- [Financial Modeling & How Part-time CFOs Can Assist Your Business](https://tehcpa.net/financial-modeling-how-part-time-cfos-can-assist-your-business/) - Whether you are an entrepreneur with a startup business or a medium-sized established firm, you cannot overlook the importance of future financial projections, or financial modeling. Perhaps you may be short on funds and unable to hire a full-time CFO for operations’ oversight, or perhaps you may still be determining the personnel details for your
- [7 Changes to Information Returns for 2017 Tax Season](https://tehcpa.net/7-changes-to-information-returns-for-2017-tax-season/) - Find information on critical tax information return deadline changes for January 2017. 7 information returns that you need to understand the update for filing
- [What Qualities To Look For in CFO Consultant](https://tehcpa.net/what-qualities-to-look-for-in-cfo-consultant/) - What to look for in a CFO consulting firm or consultant. Here is a list of seven (7) criteria or qualifications that you should look for in an experienced interim chief financial officer.
- [Department of Labor: New Overtime Rule Effective December 1, 2016 Could be halted](https://tehcpa.net/department-of-labor-new-overtime-rule-effective-december-1-2016-could-be-halted/) - Learn how to Prepare and comply for the New Federal Dec 1st Overtime Rule Who is entitled to the minimum wage and overtime pay under the FLSA?
- [5 Strategies to Increase Employee Productivity](https://tehcpa.net/5-strategies-to-increase-employee-productivity/) - 5 Strategies to Increase Workforce Productivity Usually, talent and people are the biggest factors determining a company’s success and failure. How does a CFO energize a workforce to get the most out of these employees? Scaring employees with infective quarterly employee reviews is not best the way to drive performance and make them work smarter
- [How to improve sales and develop an effective marketing program](https://tehcpa.net/how-to-improve-sales-and-develop-an-effective-marketing-program/) - Increase Sales With a Marketing Plan For Small Businesses this 10 step guide is maps out an how to develop an easy-to-follow marketing plan
- [Why Companies Benefit from Hiring Outsourced CFO Services](https://tehcpa.net/why-companies-benefit-from-hiring-outsourced-cfo-services/) - San Diego startups and small businesses are choosing to rent or hire outsourced CFO services because it helps them cut costs and grow faster. Learn more.
- [6 Tips for Better Cash Flow Management Bank of America press](https://tehcpa.net/6-tips-for-better-cash-flow-management-bank-of-america-press/) - Poor cash flow management is one of the leading causes of small business failure, yet it's also one of the least understood aspects of business performance
- [Tax Planning Strategies for San Diego Small Businesses](https://tehcpa.net/tax-planning-strategies-for-san-diego-small-businesses/) - You still have time to significantly reduce your 2016 business income tax bill. Our tax planning guide for San Diego businesses will help you lower liabilities
- [The 6 Necessities of a Basic Cash Flow Statement](https://tehcpa.net/the-6-necessities-of-a-basic-cash-flow-statement/) - A Cash flow Analysis is crucial for businesses. A Cash Flow Statement is used to track the flow of funds into and out of a company during a specific period.
- [Business Basics: Collecting and Protecting Tax Deductions](https://tehcpa.net/business-basics/) - In this video, Tom guides business owners through a few business basics that will let you work and lower the cost of getting your accounting and your taxes done. First get your business a federal id number, separate the business from you the person, and minimize your tax and audit responsibilities. Second, make your accounting easy by getting a business checking account and dedicating one credit card to the business. Third, if you have significant auto expenses record all of your mileage and pay all your expenses connected to the car through your business. Lastly, use the credit card to pay for all of your meals and entertainment expenses.

## Pages

- [Tom Huckabee, CPA - CFO Consultant San Diego](https://tehcpa.net/) - San Diego CPA & Tax Advisory Firm - Financial Insights that Help you Grow Your Business Huckabee CPA, located in La Jolla, CA provides industry leading accounting, financial reporting, tax, and CFO advisory services to startups and small businesses. Talk To An Expert Trusted By Dozens of San Diego Small Businesses Proven Success With Years
- [Contact](https://tehcpa.net/contact-2/) - Contact us today for a Consultation. (858) 945-5510 Could your business benefit from expert help in tax, accounting, CFO / Controller services, business advisory
- [Industries](https://tehcpa.net/industries/) - Thomas Huckabee Provides many industries located San Diego with Outstanding Tax and Business Consulting Services. Click here to learn more.
- [QuickBooks Online Consulting and Accounting Setup In San Diego](https://tehcpa.net/quickbooks-online/) - We are a Certified QuickBooks Pro Advisor, CPA in San Diego, providing setup, training and cleanup services for all versions of QuickBooks Online. Learn more.
- [Tax Services](https://tehcpa.net/services/tax-services/) - Thomas Huckabee CPA is San Diego’s trusted tax advisory firm that helps hundreds of business owners each year ensure that they are making the best tax preparation decisions.
- [Accounting services](https://tehcpa.net/services/accounting-services/) - We offer accounting and bookkeeping for small San Diego businesses. As certified QuickBooks Pro Advisors, we help with payroll processing, & accounting set-up
- [About](https://tehcpa.net/about-3/) - Our office in La Jolla, California provides San Diego small businesses accounting services to include: tax accounting, CFO consulting, compilations, QuickBooks
- [Accounting for Technology Companies](https://tehcpa.net/industries/accounting-for-technology-companies/) - We provide tax, accounting and business advisory services for San Diego’s software technology and emerging growth companies. Contact us today for a consultation
- [Construction and Contractor Accounting](https://tehcpa.net/industries/construction-and-contractor-accounting/) - Thomas Huckabee CPA specializes in accounting and tax consulting services for the construction industry.
- [Cash Flow Analysis Service](https://tehcpa.net/cfo-consulting-san-diego/cash-flow-analysis-service/) - Combine Thomas Huckabee CPA's cash flow analysis, CFO consulting , and budgeting & forecasting to achieve better cash flow deployment & financial growth.
- [Financial Statement Preparation, Compilation and Review](https://tehcpa.net/cfo-consulting-san-diego/financial-statement-preparation-compilation-and-review/) - Accurate and sound financial statements are a crucial reporting tool for all San Diego County businesses. Thomas Huckabee CPA have prepared thousands of them.
- [Start-up Business Accounting Services](https://tehcpa.net/services/accounting-services/start-up-business-accounting-services/) - Accounting for small business startups has to be well managed, controlling cash flow tightly to stay lean and keeping track of expenses and burn rates.
- [San Diego Small Business Accounting](https://tehcpa.net/san-diego-small-business-accounting/) - Thomas Huckabee is San Diego’s premier small business CPA accountant specializing in services such as P&L, payroll, tax accounting, CFO consulting and more.
- [Small Business Tax Preparation and Filing Services in San Diego](https://tehcpa.net/small-business-tax-preparation-and-filing-services-in-san-diego/) - Small Business Online Tax Prep and Filing for San Diego, CA and Socal Businesses Small business tax preparation and filing for San Diego businesses, from year-round bookkeeping to unlimited tax advisory support, Huckabee CPA’s monthly accounting & tax plan has you covered. Talk To An Expert Trusted By Dozens of San Diego Small Businesses Customized tax
- [San Diego Small Business Payroll Services](https://tehcpa.net/quickbooks-online/san-diego-small-business-payroll-services/) - San Diego Payroll and Tax Services for Small Business. Whether you are paying yourself or dozens of employees, we are here to help
- [Bookkeeping and Accounting for Financial Advisors](https://tehcpa.net/industries/financial-services-industry-accounting/) - We are a leading firm providing Accounting & Business Consulting services to the Financial advisory, consultant services industry. We serve the San Diego Area
- [CFO Consulting San Diego](https://tehcpa.net/cfo-consulting-san-diego/) - Outsourced CFO Consulting in San Diego, California. Part-Time and Interim Chief Financial Officer controller for Small Business and startups
- [Small business Controller Services](https://tehcpa.net/cfo-consulting-san-diego/small-business-controller-services/) - Thomas Huckabee CPA provides outsourced controller and CFO consulting services for Small Businesses in San Diego. Contact us for a free consultation today.
- [Budgeting, Forecasting & Projecting](https://tehcpa.net/cfo-consulting-san-diego/budgeting-forecasting-projecting/) - Budgeting At Thomas Huckabee, CPA our budgeting process has various different stages and components. Using capital expenditures and sales as examples, let’s take a look at the steps we take: For both sales and capital expenditures, we develop a budget of costs- including purchases, employee hiring and scheduling production. This is on top of our
- [Real Estate Accounting](https://tehcpa.net/industries/real-estate-accounting/) - The accounting & tax experts at Thomas Huckabee CPA have extensive experience meeting the needs of a wide range of San Diego real estate-related businesses
- [Tax News Highlights – Subscibe and Get the Updates You Need](https://tehcpa.net/tax-news-highlights-subscibe-and-get-the-updates-you-need/) - [ Are you looking for updates to help you stay on top of industry issues and the regulatory environment? Get the latest tax, advisory and business accounting news from Thomas Huckabee, delivered to your mailbox weekly. Each of tax news highlights features information on the latest tax developments and strategies in an easy-to-scan format to
- [Trust and Estate Income Tax Preparation](https://tehcpa.net/services/tax-services/trust-and-estate-income-tax-preparation/) - Thomas Huckabee CPA, has over 30 years experience handling tax and accounting issues that are specific to trusts and estates in the San Diego area. Contact us
- [Tax Compliance and Consulting Services](https://tehcpa.net/services/tax-services/tax-compliance-and-consulting-services/) - San Diego Business tax consulting and compliance services to a diverse range of industries. Learn more about our strategies, We serve the La Jolla, Area.
- [San Diego Tax Preparation Services](https://tehcpa.net/services/tax-services/san-diego-tax-preparation-services/) - Thomas Huckabee CPA is a full service accounting firm in San Diego. Our CPA Firm provides Tax Planning Services and Tax Preparation Services in San Diego.
- [Business Advisory Services in San Diego](https://tehcpa.net/services/management-consulting/business-advisory-services-in-san-diego/) - As an outsourced accounting and business advisory services firm, Thomas Huckabee works with a wide range of industries in San Diego. CFO consulting, and more.
- [Tax Accounting Methods](https://tehcpa.net/services/accounting-services/tax-accounting-methods/) - Thomas Huckabee CPA’s Tax Accounting Methods practice seeks to help San Diego businesses to identify & implement the most favorable tax methods
- [San Diego Small Business Accounting](https://tehcpa.net/services/accounting-services/san-diego-small-business-accounting/) - Thomas Huckabee CPA is a full Accounting firm located in San Diego, CA. We help small business, with payroll, tax preparation, Quickbooks, bookkeeping and more
- [Outsourced Accounting Services](https://tehcpa.net/services/accounting-services/outsourced-accounting-services/) - Provides San Diego businesses outsourced accounting services from QuickBooks bookkeeping services to part-time CFO consulting-level accounting work.
- [San Diego CPA QuickBooks Certified Payroll Accountant](https://tehcpa.net/san-diego-cpa-quickbooks-certified-payroll-accountant/) - Thomas Huckabee, CPA offers a full service tax, accounting and QuickBooks payroll and QuickBooks training services San Diego County. Contact us today.
- [San Diego Business Tax Planning](https://tehcpa.net/san-diego-business-tax-planning/) - Thomas Huckabee, CPA helps small and large companies with corporate tax planning strategies, compliance and tax preparation services to save businesses money.
- [San Diego Bookkeeping Services](https://tehcpa.net/quickbooks-online/san-diego-bookkeeping-services/) - Thomas Huckabee CPA is located in La Jolla San Diego, offers accounting, bookkeeping, compilation, and tax services to companies and individuals
- [Government Contractor Accounting Services](https://tehcpa.net/industries/government-contractor-accounting-services/) - Changing regulations, evolving business strategies San Diego based government contractors are faced with a litany of issues such as changing government regulations, new procurement policies, shrinking federal budgets, just to name a few. According to San Diego Regional EDC, “The defense industry represents one out of every four jobs in the region and includes leaders
- [Who We Work With](https://tehcpa.net/about-3/who-we-work-with/) - Who We Work With Thomas Huckabee, CPA provides business advisory and outsourced accounting to small and mid-size San Diego companies, for a diverse range of industries. Many San Diego County businesses are not large enough (not in a growth mode, raising capital or have no real revenue yet) to need a full time salaried CFO yet.
- [aaaaaa](https://tehcpa.net/aaaaaa/) - [vc_row][vc_column][mk_page_section vertical_align=”center” bg_position=”center center” bg_repeat=”no-repeat” sidebar=”sidebar-1″][/mk_page_section][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1554065932232{margin-bottom: 0px !important;}”][/vc_column_text][/vc_column][/vc_row]
- [Pass-through Income Tax Planning Services](https://tehcpa.net/services/tax-services/pass-through-income-tax-planning-services/) - Thomas Huckabee CPA offers consulting and tax compliance services for complex flow-through entities to help minimize shareholder and entity-level tax liabilities
- [Home](https://tehcpa.net/home-2/) - Thomas E. Huckabee CPA is San Diego's full service small business tax accounting firm. CFO consulting, Bookkeeping, Payroll, tax planning. Contact us today
- [Federal Tax Services](https://tehcpa.net/services/tax-services/federal-tax-services/) - We advise companies on the broad range of federal matters and business re-structuring and planning to address the impact of new and proposed tax regulations.
- [Boost Your Business's Value](https://tehcpa.net/boost-your-businesss-value/) - [vc_row][vc_column][vc_column_text] Boost the Value of Your Business Entrepreneurs, CEOs and executive managers usually engage with Thomas Huckabee CPA for one of two reasons: either they want financial strategies to grow their business (in order to pay themselves more) or they want to business consulting advice on how to increase the value of their business (in
- [Thank You for contacting Thomas Huckabee CPA](https://tehcpa.net/contact-2/thank-you-for-contacting-thomas-huckabee-cpa/) - Thank you for contacting us to set up a consultation to learn how we can help your San Diego business increase profitability and plan for growth We’re excited that you’ve shown interest in our management acccounting and financial consulting services and we will be in touch soon. You should receive an email letting you know that
- [Services](https://tehcpa.net/services/)
- [login](https://tehcpa.net/login/) - [mk_page_section][vc_column][vc_raw_html]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[/vc_raw_html][/vc_column][/mk_page_section]
- [Client Portal](https://tehcpa.net/client-portal/) - Email: Password: Forgot Password?

## My Templates

- [blog temp](https://tehcpa.net/?elementor_library=blog-temp) - blog temp admin July 6, 2026 CNN recently reported that the Internal Revenue Service detailed its plans in early May, 2024 to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022. The IRS is gearing up to intensify its audit
- [tr](https://tehcpa.net/?elementor_library=tr) - We Help Chart A Path To Financial Health Have questions or need strategic guidance? Get started by reaching out Huckabee CPA for a free consultation. Request a Consultation
- [hedd](https://tehcpa.net/?elementor_library=hedd) - San Diego CPA & Tax Advisory Firm - Financial Insights that Help you Grow Your Business Huckabee CPA, located in La Jolla, CA provides industry leading accounting, financial reporting, tax, and CFO advisory services to startups and small businesses. Talk To An Expert
- [coach](https://tehcpa.net/?elementor_library=coach) - Get tailored QuickBooks training for your business Huckabee CPA a modern San Diego cloud accounting and technology consulting firm, who provides outsourced CFO, bookkeeping, controller and accounting services to San Diego, California corporations and we use best in class accounting automation systems to improve your back office, provide up-to-date financial statements that you can use
- [cfo](https://tehcpa.net/?elementor_library=cfo) - Outsourced CFO Consulting for San Diego, CA Businesses Providing part time outsourced CFO advisory services for San Diego small businesses and startups with financial forecasting, improving operational profitability and analyzing growth opportunities. Talk To An Expert Trusted By Dozens of San Diego Small Businesses Our Outsourced CFO Services Provide the Financial Insights to Scale
- [cta home](https://tehcpa.net/?elementor_library=cta-home) - We Help Chart A Path To Financial Health Have questions or need strategic guidance? Get started by reaching out Huckabee CPA for a free consultation. Request a Consultation
- [2 collumn cta](https://tehcpa.net/?elementor_library=2-collumn-cta) - Accounting, CFO and Tax Planning Strategies for San Diego Businesses Huckabee CPA is a San Diego based CPA firm strategically positioned to help companies through their most challenging and complex tax and financial issues Request a Consultation
- [teh section](https://tehcpa.net/?elementor_library=teh-section) - We understand that running a business is all about the details.Take control of the complexity of your business with real-time insights that help you make the right decisions, right now. we’re not just accountants – we’re your partners in navigating the complexities of modern finance with clarity, precision, and forward-thinking solutions. Request a Consultation Cash
- [rolling](https://tehcpa.net/?elementor_library=rolling) - We understand that running a business is all about the details.Take control of the complexity of your business with real-time insights that help you make the right decisions, right now. we’re not just accountants – we’re your partners in navigating the complexities of modern finance with clarity, precision, and forward-thinking solutions. Request a Consultation Cash
- [review sect](https://tehcpa.net/?elementor_library=review-sect) - We provide value based accounting strategies for your business. Thomas E. Huckabee, CPA, Inc. Was established as a full service San Diego accounting firm in 1984 to assist individuals, early stage startups, small businesses, and large corporations to keep their finances in order and deal with the complex financial demands of today. We offer outsourced accounting, CFO, tax and
- [Elementor Search Results #12642](https://tehcpa.net/?elementor_library=elementor-search-results-12642) - Trading luxury Homes in San Francisco for Hot Pre-IPO AI Company Shares: The Marketing Hype vs. Tax Reality A wave of luxury real estate listings priced in private shares of companies like OpenAI, Anthropic, and SpaceX has gone viral. If you advise clients Read More » The Nest Egg Protection Act: Proposes A $1M Tax
- [benny](https://tehcpa.net/?elementor_library=benny) - We provide value based accounting strategies for your business. Thomas E. Huckabee, CPA, Inc. Was established as a full service San Diego accounting firm in 1984 to assist individuals, early stage startups, small businesses, and large corporations to keep their finances in order and deal with the complex financial demands of today. We offer outsourced accounting, CFO, tax and
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## Categories

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- [corporate investment spending](https://tehcpa.net/category/corporate-investment-spending/)
- [C-corp-tax-planning](https://tehcpa.net/category/c-corp-tax-planning/)
- [Interest Rates](https://tehcpa.net/category/interest-rates/)
- [health insurance](https://tehcpa.net/category/health-insurance/)
- [performance improvement](https://tehcpa.net/category/performance-improvement/)
- [small business retirement savings plans](https://tehcpa.net/category/small-business-retirement-savings-plans/)
- [economy](https://tehcpa.net/category/economy/)
- [capital gains tax](https://tehcpa.net/category/capital-gains-tax/)
- [alternative minimum tax](https://tehcpa.net/category/alternative-minimum-tax/)
- [Section 199A Deduction](https://tehcpa.net/category/section-199a-deduction/)
- [qualified business income](https://tehcpa.net/category/qualified-business-income/)
- [operations management](https://tehcpa.net/category/operations-management/)
- [business expense](https://tehcpa.net/category/business-expense/)
- [tax write offs](https://tehcpa.net/category/tax-write-offs/)
- [office equipment](https://tehcpa.net/category/office-equipment/)
- [capital gains](https://tehcpa.net/category/capital-gains/)
- [management](https://tehcpa.net/category/management/)
- [accounts payable](https://tehcpa.net/category/accounts-payable/)
- [startup advice](https://tehcpa.net/category/startup-advice/)
- [sales tax](https://tehcpa.net/category/sales-tax/)
- [accounting](https://tehcpa.net/category/accounting/)
- [cash flow](https://tehcpa.net/category/cash-flow/)
- [Planning & Strategic Advice](https://tehcpa.net/category/planning-strategic-advice/)
- [financial reporting](https://tehcpa.net/category/financial-reporting/)
- [real estate taxes](https://tehcpa.net/category/real-estate-taxes/)
- [Stretch IRA](https://tehcpa.net/category/stretch-ira/)
- [Civil Asset Forfeiture](https://tehcpa.net/category/civil-asset-forfeiture/)
- [macroeconomics](https://tehcpa.net/category/macroeconomics/)
- [family business Governance](https://tehcpa.net/category/family-business-governance/)
- [performance management](https://tehcpa.net/category/performance-management/)
- [taxes](https://tehcpa.net/category/taxes/)
- [retirement planning](https://tehcpa.net/category/retirement-planning/)
- [operations](https://tehcpa.net/category/operations/)
- [tax tips](https://tehcpa.net/category/tax-tips/)
- [tax compliance](https://tehcpa.net/category/tax-compliance/)
- [tax fraud](https://tehcpa.net/category/tax-fraud/)
- [presidential candidate tax policy](https://tehcpa.net/category/presidential-candidate-tax-policy/)
- [cadillac tax](https://tehcpa.net/category/cadillac-tax/)
- [startup accounting](https://tehcpa.net/category/startup-accounting/)
- [expense reports](https://tehcpa.net/category/expense-reports/)
- [GDP growth rates](https://tehcpa.net/category/gdp-growth-rates/)
- [startup financials](https://tehcpa.net/category/startup-financials/)
- [nonqualified deferred compensation](https://tehcpa.net/category/nonqualified-deferred-compensation/)
- [venture capital funding](https://tehcpa.net/category/venture-capital-funding/)
- [leadership advice](https://tehcpa.net/category/leadership-advice/)
- [Coronavirus stimulus](https://tehcpa.net/category/coronavirus-stimulus/)
- [federal tax](https://tehcpa.net/category/federal-tax/)
- [financial liquidity](https://tehcpa.net/category/financial-liquidity/)
- [managing uncertainty](https://tehcpa.net/category/managing-uncertainty/)
- [tax provisions](https://tehcpa.net/category/tax-provisions/)
- [reducing expenses](https://tehcpa.net/category/reducing-expenses/)
- [Paycheck Protection program](https://tehcpa.net/category/paycheck-protection-program/)
- [economic policy](https://tehcpa.net/category/economic-policy/)
- [agile operations](https://tehcpa.net/category/agile-operations/)
- [Venture Capital fundraising](https://tehcpa.net/category/venture-capital-fundraising/)
- [growth strategies](https://tehcpa.net/category/growth-strategies/)
- [consumer spending](https://tehcpa.net/category/consumer-spending/)
- [digital transformation](https://tehcpa.net/category/digital-transformation/)
- [financial forecasting](https://tehcpa.net/category/financial-forecasting/)
- [startup financing](https://tehcpa.net/category/startup-financing/)
- [fundraising tips](https://tehcpa.net/category/fundraising-tips/)
- [fundraising documents](https://tehcpa.net/category/fundraising-documents/)
- [due diligence](https://tehcpa.net/category/due-diligence/)
- [2020 elections](https://tehcpa.net/category/2020-elections/)
- [capital markets](https://tehcpa.net/category/capital-markets/)
- [startup metrics](https://tehcpa.net/category/startup-metrics/)
- [estate planning](https://tehcpa.net/category/estate-planning/)
- [management consulting services](https://tehcpa.net/category/management-consulting-services/)
- [optimizing operations](https://tehcpa.net/category/optimizing-operations/)
- [employee benefits](https://tehcpa.net/category/employee-benefits-2/)
- [financial planning](https://tehcpa.net/category/financial-planning/)
- [2020 tax filing](https://tehcpa.net/category/2020-tax-filing/)
- [tax compliance and planning](https://tehcpa.net/category/tax-compliance-and-planning/)
- [expense recognition](https://tehcpa.net/category/expense-recognition/)
- [business expenses](https://tehcpa.net/category/business-expenses/)
- [bookkeeping tips](https://tehcpa.net/category/bookkeeping-tips/)
- [financial trading](https://tehcpa.net/category/financial-trading/)
- [Marijuana Industry](https://tehcpa.net/category/marijuana-industry/)
- [U.S. Economics](https://tehcpa.net/category/u-s-economics/)
- [problem solving](https://tehcpa.net/category/problem-solving/)
- [HR compliance](https://tehcpa.net/category/hr-compliance/)
- [Outsourced CFO Advice](https://tehcpa.net/category/outsourced-cfo-advice/)
- [taxation](https://tehcpa.net/category/taxation/)
- [cloud architecture](https://tehcpa.net/category/cloud-architecture/)
- [IRS Guidance](https://tehcpa.net/category/irs-guidance/)
- [US Economy](https://tehcpa.net/category/us-economy/)
- [IPO vs Spacs](https://tehcpa.net/category/ipo-vs-spacs/)
- [disruption and innovation](https://tehcpa.net/category/disruption-and-innovation/)
- [tax compliance changes](https://tehcpa.net/category/tax-compliance-changes/)
- [small business accounting](https://tehcpa.net/category/small-business-accounting/)
- [startup tips](https://tehcpa.net/category/startup-tips/)
- [small business tips](https://tehcpa.net/category/small-business-tips/)
- [Non Gaap accounting metrics](https://tehcpa.net/category/non-gaap-accounting-metrics/)
- [fundraising process](https://tehcpa.net/category/fundraising-process/)
- [business formation](https://tehcpa.net/category/business-formation/)
- [monetary policy](https://tehcpa.net/category/monetary-policy/)
- [year end tax planning](https://tehcpa.net/category/year-end-tax-planning/)
- [specialty tax compliance](https://tehcpa.net/category/specialty-tax-compliance/)
- [cryptocurrency tax policies](https://tehcpa.net/category/cryptocurrency-tax-policies/)
- [income taxes](https://tehcpa.net/category/income-taxes/)
- [exit planning](https://tehcpa.net/category/exit-planning/)
- [tax credits](https://tehcpa.net/category/tax-credits/)
- [startup funding](https://tehcpa.net/category/startup-funding/)
- [Capital Efficiency](https://tehcpa.net/category/capital-efficiency/)
- [tax rebate](https://tehcpa.net/category/tax-rebate/)
- [back office operations](https://tehcpa.net/category/back-office-operations/)
- [LLC Investments](https://tehcpa.net/category/llc-investments/)
- [compliance](https://tehcpa.net/category/compliance/)
- [tax news](https://tehcpa.net/category/tax-news/)
- [passive income](https://tehcpa.net/category/passive-income/)
- [money management](https://tehcpa.net/category/money-management/)
- [hr strategy](https://tehcpa.net/category/hr-strategy/)
- [startup insights](https://tehcpa.net/category/startup-insights/)
- [disaster relief](https://tehcpa.net/category/disaster-relief/)
- [compensation](https://tehcpa.net/category/compensation/)
- [self employed taxes](https://tehcpa.net/category/self-employed-taxes/)
- [irs audit](https://tehcpa.net/category/irs-audit/)
- [financial tips](https://tehcpa.net/category/financial-tips/)
- [fixed assets](https://tehcpa.net/category/fixed-assets/)
- [employee spending](https://tehcpa.net/category/employee-spending/)
- [business financing](https://tehcpa.net/category/business-financing/)
- [tax audits](https://tehcpa.net/category/tax-audits/)
- [small business expenses](https://tehcpa.net/category/small-business-expenses/)
- [accounting metrics](https://tehcpa.net/category/accounting-metrics/)
- [tax relief](https://tehcpa.net/category/tax-relief/)
- [Health Savings Accounts](https://tehcpa.net/category/health-savings-accounts/)
- [audits](https://tehcpa.net/category/audits/)
- [budget and projections](https://tehcpa.net/category/budget-and-projections/)
- [business growth](https://tehcpa.net/category/business-growth/)
- [section 174](https://tehcpa.net/category/section-174/)
- [FASB standards](https://tehcpa.net/category/fasb-standards/)
- [expenses](https://tehcpa.net/category/expenses/)
- [financial advisory](https://tehcpa.net/category/financial-advisory/)
- [s corps](https://tehcpa.net/category/s-corps/)
- [startup tax deductions](https://tehcpa.net/category/startup-tax-deductions/)
- [tcja tax provisions](https://tehcpa.net/category/tcja-tax-provisions/)
- [california taxes](https://tehcpa.net/category/california-taxes/)
- [corporate strategy](https://tehcpa.net/category/corporate-strategy/)
- [tariffs](https://tehcpa.net/category/tariffs/)
- [state taxes](https://tehcpa.net/category/state-taxes/)
- [cryptocurrency](https://tehcpa.net/category/cryptocurrency/)
- [employer benefits](https://tehcpa.net/category/employer-benefits/)
- [Overtime rule](https://tehcpa.net/category/overtime-rule/)
- [capital investments](https://tehcpa.net/category/capital-investments/)
- [Tax refund](https://tehcpa.net/category/tax-refund/)

## Tags

- [cash flow statement](https://tehcpa.net/tag/cash-flow-statement/)
- [small business tax planning](https://tehcpa.net/tag/small-business-tax-planning/)
- [CFO consulting](https://tehcpa.net/tag/cfo-consulting/)
- [outsourced cfo services](https://tehcpa.net/tag/outsourced-cfo-services/)
- [cash flow management](https://tehcpa.net/tag/cash-flow-management/)
- [small business jobs](https://tehcpa.net/tag/small-business-jobs/)
- [entrepreneurship](https://tehcpa.net/tag/entrepreneurship/)
- [overtime](https://tehcpa.net/tag/overtime/)
- [overtime pay](https://tehcpa.net/tag/overtime-pay/)
- [obama administration](https://tehcpa.net/tag/obama-administration/)
- [department of labor](https://tehcpa.net/tag/department-of-labor/)
- [startup](https://tehcpa.net/tag/startup/)
- [labor regulations](https://tehcpa.net/tag/labor-regulations/)
- [Part Time CFO](https://tehcpa.net/tag/part-time-cfo/)
- [cash flow projections](https://tehcpa.net/tag/cash-flow-projections/)
- [IFRS 15](https://tehcpa.net/tag/ifrs-15/)
- [new revenue recognition rules](https://tehcpa.net/tag/new-revenue-recognition-rules/)
- [ASC 606](https://tehcpa.net/tag/asc-606/)
- [New Revenue Recognition Standard](https://tehcpa.net/tag/new-revenue-recognition-standard/)
- [working capital optimization](https://tehcpa.net/tag/working-capital-optimization/)
- [Offers of Health Insurance Coverage](https://tehcpa.net/tag/offers-of-health-insurance-coverage/)
- [Information Reporting](https://tehcpa.net/tag/information-reporting/)
- [Shared Responsibility Rules](https://tehcpa.net/tag/shared-responsibility-rules/)
- [Carried interest](https://tehcpa.net/tag/carried-interest/)
- [Cadillac tax](https://tehcpa.net/tag/cadillac-tax/)
- [tax deferred](https://tehcpa.net/tag/tax-deferred/)
- [Affordable care act](https://tehcpa.net/tag/affordable-care-act/)
- [Government Regulations](https://tehcpa.net/tag/government-regulations/)
- [Health Insurance costs](https://tehcpa.net/tag/health-insurance-costs/)
- [Federal Taxes](https://tehcpa.net/tag/federal-taxes/)
- [Tax Reform Modeling](https://tehcpa.net/tag/tax-reform-modeling/)
- [accounting methods](https://tehcpa.net/tag/accounting-methods/)
- [tax planning](https://tehcpa.net/tag/tax-planning/)
- [tax reform](https://tehcpa.net/tag/tax-reform/)
- [year end tax planning](https://tehcpa.net/tag/year-end-tax-planning/)
- [pass through entity](https://tehcpa.net/tag/pass-through-entity/)
- [small business taxes](https://tehcpa.net/tag/small-business-taxes/)
- [entertainment expense new tax plan](https://tehcpa.net/tag/entertainment-expense-new-tax-plan/)
- [cecl](https://tehcpa.net/tag/cecl/)
- [leases](https://tehcpa.net/tag/leases/)
- [not-for-profit](https://tehcpa.net/tag/not-for-profit/)
- [revenue recognition](https://tehcpa.net/tag/revenue-recognition/)
- [Donald John Trump](https://tehcpa.net/tag/donald-john-trump/)
- [Tax Rate](https://tehcpa.net/tag/tax-rate/)
- [Cash Flow](https://tehcpa.net/tag/cash-flow/)
- [Earnings](https://tehcpa.net/tag/earnings/)
- [LOCKHEED MARTIN CORP](https://tehcpa.net/tag/lockheed-martin-corp/)
- [Tax Cuts](https://tehcpa.net/tag/tax-cuts/)
- [AT&T INC](https://tehcpa.net/tag/att-inc/)
- [Capital Expenditures](https://tehcpa.net/tag/capital-expenditures/)
- [JPMORGAN CHASE & CO](https://tehcpa.net/tag/jpmorgan-chase-co/)
- [real estate](https://tehcpa.net/tag/real-estate/)
- [construction](https://tehcpa.net/tag/construction/)
- [pass-through businesses](https://tehcpa.net/tag/pass-through-businesses/)
- [tax cuts and jobs act](https://tehcpa.net/tag/tax-cuts-and-jobs-act/)
- [pass-throughs](https://tehcpa.net/tag/pass-throughs/)
- [401 (k) plans](https://tehcpa.net/tag/401-k-plans/)
- [fringe benefits](https://tehcpa.net/tag/fringe-benefits/)
- [IRS](https://tehcpa.net/tag/irs/)
- [Small business Tax credits](https://tehcpa.net/tag/small-business-tax-credits/)
- [ACA](https://tehcpa.net/tag/aca/)
- [Tax regulations](https://tehcpa.net/tag/tax-regulations/)
- [net investment tax](https://tehcpa.net/tag/net-investment-tax/)
- [the additional medicare tax](https://tehcpa.net/tag/the-additional-medicare-tax/)
- [working capital management](https://tehcpa.net/tag/working-capital-management/)
- [Retirement Planning for Small Businesses](https://tehcpa.net/tag/retirement-planning-for-small-businesses/)
- [Californian Democratic Leadership Continues to Reject Tax Reform](https://tehcpa.net/tag/californian-democratic-leadership-continues-to-reject-tax-reform/)
- [payroll scheduling](https://tehcpa.net/tag/payroll-scheduling/)
- [small business trends](https://tehcpa.net/tag/small-business-trends/)
- [SB 993](https://tehcpa.net/tag/sb-993/)
- [irs guidance](https://tehcpa.net/tag/irs-guidance/)
- [business meals deductions](https://tehcpa.net/tag/business-meals-deductions/)
- [corporate investment spending](https://tehcpa.net/tag/corporate-investment-spending/)
- [year end tax planning guide](https://tehcpa.net/tag/year-end-tax-planning-guide/)
- [strategic planning](https://tehcpa.net/tag/strategic-planning/)
- [market cycles](https://tehcpa.net/tag/market-cycles/)
- [Federal Reserve](https://tehcpa.net/tag/federal-reserve/)
- [U.S. Economy](https://tehcpa.net/tag/u-s-economy/)
- [Debt](https://tehcpa.net/tag/debt/)
- [Monetary Policy](https://tehcpa.net/tag/monetary-policy/)
- [Interest Rates](https://tehcpa.net/tag/interest-rates/)
- [Valuation](https://tehcpa.net/tag/valuation/)
- [amt tax](https://tehcpa.net/tag/amt-tax/)
- [safe harbor](https://tehcpa.net/tag/safe-harbor/)
- [qualified business income](https://tehcpa.net/tag/qualified-business-income/)
- ["Bureau of Economic Analysis"](https://tehcpa.net/tag/bureau-of-economic-analysis/)
- ["economic performance"](https://tehcpa.net/tag/economic-performance/)
- ["indicators"](https://tehcpa.net/tag/indicators/)
- [labor share](https://tehcpa.net/tag/labor-share/)
- [pass-through income](https://tehcpa.net/tag/pass-through-income/)
- [management](https://tehcpa.net/tag/management/)
- [opportunity zones](https://tehcpa.net/tag/opportunity-zones/)
- [defer capital gains](https://tehcpa.net/tag/defer-capital-gains/)
- [macroeconomics](https://tehcpa.net/tag/macroeconomics/)
- [owen zidar](https://tehcpa.net/tag/owen-zidar/)
- [president donald trump](https://tehcpa.net/tag/president-donald-trump/)
- [president trump](https://tehcpa.net/tag/president-trump/)
- [Princeton University](https://tehcpa.net/tag/princeton-university/)
- [Tax Cuts and Jobs Act of 2017](https://tehcpa.net/tag/tax-cuts-and-jobs-act-of-2017/)
- [taxes](https://tehcpa.net/tag/taxes/)
- [trickle down](https://tehcpa.net/tag/trickle-down/)
- [trickle down economics](https://tehcpa.net/tag/trickle-down-economics/)
- [trump tax cuts](https://tehcpa.net/tag/trump-tax-cuts/)
- [startup financials](https://tehcpa.net/tag/startup-financials/)
- [market risk](https://tehcpa.net/tag/market-risk/)