Do you need to file a personal tax Extension?
By frank.rosillo
- 04/15/2018
It is tax season AGAIN and unfortunately, as US Residents, we cannot avoid it. Tax Day is just around the corner, and as much as we would like to know all our clients are ready, we understand unexpected events happen…
Trump’s Personal Tax Rates Changes 2017 vs 2018
By frank.rosillo
- 03/27/2018
H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, contains a large number of provisions that affect individual taxpayers. However, to keep the cost of the bill within Senate budget…
Trump’s Taxation of Foreign Income
By frank.rosillo
- 03/19/2018
American citizens, green card holders, and U.S. “tax” residents are subject to U.S. tax, for domestic and foreign income despite where the individual resides or earns a living. The new tax code bill H.R.1. known as Tax Cuts and Jobs…
Trump Corporate Tax Changes
By frank.rosillo
- 03/12/2018
Without too much technical tax talk, here are some of what we believe are the more important business related tax law updates of the new Tax Cuts and Jobs Act. In this article we explain some more changes that took…
Trump Tax Plan – Corporate Pass-Through Income Deduction
By frank.rosillo
- 03/08/2018
It is been two months since President Trump signed the tax reform bill. The new Tax Cuts and Jobs Act (TCJA) offers some tax saving options for businesses, among others, the tax deduction for owners of pass-through entities. What is…
How Are Bitcoin And Other Cryptocurrencies Taxed?
By frank.rosillo
- 02/26/2018
Bitcoin and other cryptocurrencies have increasing popularity. Last year cryptocurrencies were frequently in the news due to their volatile price fluctuations. This made many millennials and other age groups into billionaires, as well as others to lose significant amounts of…
5 Ways to Save on Taxes When Starting a New Business
By frank.rosillo
- 02/19/2018
Starting a new business is exciting and we all want to create a successful business; but it comes with responsibilities and many rules to follow. However, there are no guarantees for success. Among other factors, offering a product with quality…
Independent Contractors: Save Over 15% in Taxes
By frank.rosillo
- 01/18/2018
Self-employed individuals, also known as independent contractors, are considered a small business; like other businesses may have to pay income taxes on their taxable profits; in addition 1099 recipients has to pay 15.3% self-employment tax, which if added together with…
Tangible Personal Property Deadline
By frank.rosillo
- 03/31/2017
Due April 1st, 2017 Tangible Personal Property (TPP) refers to everything other than real estate, that is used in a business or rental property, and whose chief value is intrinsic to the article itself. Generally they are your business assets,…
Six Reasons to hire a licensed Certified Public Accountant (CPA)
By frank.rosillo
- 03/16/2017
Sometimes business owners try to do it all by themselves thinking that it could help to keep the budget low. As business owners we all can relate to “keeping it on a budget”. However, there are circumstances when it is…
