Tax Time Has Arrived! Tips for Getting Ready for Your Tax AppointmentYou, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays… Supreme Court Lifts Nationwide Injunction on BOI ReportingBREAKING NEWS On Thursday January 23, 2025, the Supreme Court issued a stay on a nationwide injunction that had previously halted the enforcement of beneficial… Navigating the Aftermath: Understanding Disaster Loss Tax Provisions for Homeowners Affected by DisastersIn recent years, wildfires, hurricanes, and other natural disasters have become increasingly frequent and devastating, leaving many individuals and families grappling with the loss of… Due DatesINDIVIDUAL DUE DATES February 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in… How to Prepare for Your Year-End Financial Review: A Guide for SMBsAs the year draws to a close, it’s time to take stock of your business’s financial health. A year-end financial review isn't just a box… Navigating the Tax Complexities of Hiring Household EmployeesHousehold employees play a crucial role in many homes, providing essential services such as childcare, eldercare, housekeeping, and gardening. However, employing household help comes with… Maximizing Your Retirement Savings: Strategies for Late StartersAs a baby boomer, you may find yourself approaching retirement with less savings than you'd hoped. Whether due to economic fluctuations, personal circumstances, or simply… Don’t Leave Money on the Table: Essential Tax Credits You Might Be MissingTax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can significantly impact your tax liability… Navigating the Corporate Transparency Act: Essential Insights and Compliance Reminder for SMBsAs the deadline for compliance with the Corporate Transparency Act (CTA) approaches, small and medium-sized businesses (SMBs) must remain vigilant. This legislative milestone, aimed at… Surprising Tax Impact of Converting Your Traditional IRA to a Roth IRATaxpayers are limited in the annual amount they can contribute to a Roth IRA. The maximum contribution for 2024 is $7,000 ($8,000 if age 50… IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention CreditIn the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as the IRS intensifies its scrutiny… October Due DatesINDIVIDUAL DUE DATES October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in… September Due DatesINDIVIDUAL DUE DATES September 1 - 2024 Fall and 2025 Tax Planning Tax Planning Contact this office to schedule a consultation appointment. September 10 -… Unlock Cash Flow and Profits: The Power of Installment Sales when Selling Your RentalThe installment sales method is a significant tool for taxpayers selling a rental property at a gain, offering a way to spread tax liability over… Education Savings: How a Sec 529 Plan Can Transform Your Family’s FutureFunding a child's education can be a daunting task for many parents and guardians. With the rising costs of post-secondary education, finding a tax-efficient way… IRS Offers Second Chance to Resolve Employee Retention Credit Claims with New Voluntary Disclosure Program!The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30. This initiative is designed to… Essential Tax and Financial Planning Strategies for Boomers and Gen Xers Approaching RetirementAs Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This article outlines essential tax and… Understanding the Types of IRS Audits: Why Professional Help is EssentialDealing with the IRS can be a daunting experience, especially when you receive an audit notice. Understanding the different types of IRS audits and what… Breaking News: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) ClaimsThe Employee Retention Credit (ERC) was introduced as a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020 to help businesses… August Due DatesIndividual August 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during… Load More Schedule Your Free Strategy Call!CategoriesCategories Select Category Accounting Articles and Presentations Blog COVID-19 Current Opportunities In The Community News Newsletters Our Two Cents Search Industries Media & Entertainment Real Estate Digital Media Manufacturing & Distribution Professional Services Restaurant Healthcare High Technology Contact UsRose, Snyder & Jacobs LLP 15821 Ventura Blvd., Suite 490 Encino, CA 91436 818.461.0600 [email protected] Contact Form © Copyright Select Themes
