San Rafael
It’s 2020. Should You Hire a Tax Preparer?
Here are a few reasons you might want to make this year the one where you outsource your taxes to a professional. It make a big difference.
Read MoreNew Pass-Through Deduction Clarifications For 2018 Taxes
The mammoth GOP tax reform of 2017 impacted taxpayers in many, many different ways. The bill itself was so big and complex that many elements of it weren’t particularly clear or even defined for months after the bill passed. In some cases, different rules and regulations were delayed by a year because the job of sorting all this out has become a Herculean task.
Read MoreMarginal or Effective? Defining Tax Rates
I talk with a lot to people about their taxes in my San Rafael office, both as individuals and as small business owners — and one very common misunderstanding people present to me is when they say they know their tax rate.
Read More8 Tips for Small Business Owners After Taxes
For Marin small business owners, January, February, and March are often a scramble to get taxes ready. We see it first hand at the San Rafael office of Books in Balance, as clients come to us with their bookkeeping and taxpreparation questions.
Read MoreTax Tips for New Marin Businesses
If you’ve started a new San Rafael business in 2018, one critical area to start thinking about early is your taxes. Starting a business comes with many tax implications, as well as many benefits.
The exact type of logistics and benefits comes down to many different variables involved with your business, from the way things are set up to the way you pay your taxes.
Read MoreThe Most Common Tax Forms Received by San Rafael Residents
When the new year rolls around, each trip to your San Rafael mailbox probably requires keeping a sharper eye for tax forms. These usually come with big bold IMPORTANT TAX FORM INCLUDED on the outside. Various forms will arrive, and though they are technically required to be sent by the end of January, this doesn’t always happen. You may also receive notifications in your email inbox about electronic versions available for secure download.
Read MoreHow 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.
Read MoreThe 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.
Read MoreResearch 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).
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