How the GOP Tax Bill Affects San Rafael Residents

Regardless of your politics, San Rafael residents will experience a significant change in how their taxes will be processed following the massive tax bill signed into law by the President just before Christmas. Even professionals such as myself are still just beginning to fully grasp the magnitude of this change. It's a lot to process, and unfortunately the bill was drafted rather hastily, so proper analysis takes time.

What Are Common Home Office Tax Deductions?

“Can I write it off?” I can't tell you how many times I hear that in my San Rafael office. Calculating deductions is the job of an Accountant or Tax Preparer but the bookkeeper is the first line of defense in preparing the source info, so I keep myself educated on the latest and most unique ways to approach tax deductions for home offices.

What Is a Tax Bracket?

What is a tax bracket? And why is it so important? Let’s take a closer look.

10 Things to Ask a Bookkeeper

When you’re hiring a bookkeeper, you’re not just hiring someone to crunch your numbers.

The Dangers of Tax-Related Identity Theft

When people think about identity theft, they generally don’t consider their taxes as the culprit. Let's assume you're just an everyday person -- a local resident in San Rafael, like me, working hard for your family. Doing your taxes are a means to an end, not a vulnerability.

Research Credit Can Offset Payroll Taxes

A little-known tax benefit for new, qualified small businesses is the ability to apply a portion of their research credit – no more than $250,000 – to pay the employer’s share of their employees’ FICA withholding requirement (the 6.2% payroll tax).

QuickBooks Tips: Best Practices for QBO

Even if you’ve been using QuickBooks Online for a long time, it’s good to step back and evaluate your actions. 

Gambling and Tax Gotchas

Gambling is a recreational activity for many taxpayers, and as one might expect, the government takes a cut if you win and won’t allow you to claim a loss in excess of your winnings.

San Francisco Bookkeeping and Full Service Tax Planning & Preparation Firm

If you’re looking for San Francisco bookkeeping and accounting firm, did you know that the location of the firm you choose doesn’t need to be in The City? The fact is technology has now not only made it easier to have a quality firm looking after your books, but you can be assured your personal data is safe.

Taking Advantage of Tax-Free Philanthropy

If you are fortunate enough to have a large estate – one large enough to be subject to the estate tax upon your death – you might be considering ways to give away some of your wealth to your family and loved ones now, thereby reducing the estate tax when you pass on.