By Jarad Clark, CPA jclark@bvcocpas.com It is no secret that the majority of our friends and family are on social media. But small business is taking on an expanded roll into the usually…
More ➤By Erika Hoppe, CPA, JD ehoppe@bvcocpas.com Each year, the Statistics of Income Division of the IRS compiles data and produces a wide range of statistics measuring various components of the U.S. tax…
More ➤The Tax Cuts and Jobs Act (TCJA) was approved by Congress and signed into law on December 22, 2017. It provides drastic changes to the Internal Revenue Code and affects taxpayers of all different types,…
More ➤A few weeks ago, the Internal Revenue Service issued a notice stating they would be preparing regulations and guidance to clarify the treatment of income re-characterized for purposes of working around the new $10,000 cap…
More ➤California can be a great market for selling goods with its large and diverse population. However, entering this market is fraught with additional tax requirements and fees. For instance, Corporations are taxed at 8.84% in…
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