2022 Gift Tax Rate: What It Is, How It Works and Who Has to Pay It
During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...
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Hannah Nguyen
- Jan 5
- 2 min
2022 Standard Deduction Amounts - What You Need to Know About Inflation Adjustments
The IRS released the new tax brackets and standard deduction amounts for the 2022 tax year. All Americans are facing a long list of new...
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Hannah Nguyen
- Jan 5
- 4 min
IRS Home Office Tax Deduction for Small Business Owners - Help you Reduce Tax Bill
Has the coronavirus led you to start a business or become your own boss this year? If you are a small-business owner and use part of your...
687 views1 comment
Kieu Nga
- Nov 2, 2021
- 2 min
2021 California Sales Tax Due Date
Sales tax is a tax paid to a governing body (state or local) on the sale of certain goods or services. The sales tax is generally...
17 views0 comments
Miley Nguyen
- Jan 26, 2021
- 2 min
1099-NEC and 1099-MISC: Do I use 1099 MISC or 1099 NEC?
In 2021, the IRS has introduced the new Form 1099-NEC to reporting independent contractor income.
99 views0 comments
Tammy Hoang
- Jan 10, 2021
- 2 min
2021 Tax preparation checklist for U.S Small Business
Preparing your tax return is an important step at this point.
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Tammy Hoang
- Sep 16, 2020
- 2 min
What is an Enrolled Agent?
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service
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Tammy Hoang
- Aug 2, 2020
- 2 min
Payroll Protection Program (PPP) – When to submit the loan forgiveness application?
According to SBA, PPP recipients can early apply for loan forgiveness. The new interim final reflects that a borrower can submit the loan...
14 views0 comments
Tammy Hoang
- Jul 28, 2020
- 2 min
4 changes on 2020 tax deduction
The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...
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Tammy Hoang
- Jul 27, 2020
- 2 min
Latest Changes on Paycheck Protections Program (PPP)
On Saturday, July 4, 2020, President Donald Trump signed a new law extending the deadlines for applying for the Paycheck Protection...
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Tammy Hoang
- Jun 21, 2020
- 2 min
UPDATED NEWS on Paycheck Protection Program
On June 5, 202, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA makes a handful of significant...
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Tammy Hoang
- Jun 8, 2020
- 1 min
California Sales Tax Increase - Irvine Newest Sales & Use Tax Rate
New Sales and Use Tax Rates Operative July 1, 2020 The tax rate changes listed below apply only within the indicated city or county...
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Zoe Lu
- Feb 19, 2020
- 1 min
2020 California Sales Tax Due Date
The official tax deadlines every year can be stressful. After filing business tax and individual tax, the due dates for sales tax are...
591 views0 comments
Tammy Hoang
- Jan 8, 2018
- 1 min
Who Should Get a 1099?
If you are in business, whether self-employed or running a company, you must send a 1099 form (with copies to the IRS) to anyone that you...
46 views0 comments
Anna Dang
- Dec 21, 2016
- 2 min
Employee vs. Independent Contractor
Maybe you've never thought about the difference between being an employee and being an independent contractor (also called a...
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Anna Dang
- Sep 14, 2016
- 2 min
When Is Business Tax Filing Due?
Business filing deadlines depend on a number of variables including the business structure the company uses. A non-calendar year fiscal...
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Anna Dang
- Jul 21, 2016
- 4 min
'Dirty Dozen' Tax Scams for 2016
Every year the IRS comes out with the Dirty Dozen List of Tax Scams. Oftentimes you see the same issue from one year to the next. For...
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