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What Is a Tax Bracket?

What Is a Tax Bracket?

When people come to my San Rafael office to go over their books, one thing I always try to explain is that my goals focus on clean, thorough, and accurate books. By doing so, I ensure that their records can help us Accounting professionals get them into a lower tax...
10 Things to Ask a Bookkeeper

10 Things to Ask a Bookkeeper

How to Find the Right Bookkeeper for You When you’re hiring a bookkeeper, you’re not just hiring someone to crunch your numbers. You are putting your business and your livelihood in someone else’s hands. Thus, the relationship must be strong and filled with...
QuickBooks Tips: Best Practices for QBO

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. “Best practices” aren’t enforceable rules. They’re simply guidelines businesses commonly follow in one area or another. If you’re in retail, for example, one...
Gambling and Tax Gotchas

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. In fact, there are far more tax issues related to gambling than you might expect, and...
Taking Advantage of Tax-Free Philanthropy

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....
Disabled May Be Missing out on EITC

Disabled May Be Missing out on EITC

The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form...