Reminder to File Your 1099s Form 1099 Filing Requirements and Due Dates As we wrap up the year and prepare to hit the ground running, here is a reminder of how, when and if you need to file Forms 1099-NEC and 1099-MISC. The following general guidelines are meant to assist you in either preparing the … Continued
Health Insurance Premiums Paid for S-Corporation Shareholders Download: Health Insurance Premiums Paid for S-Corporation Shareholders. To comply with the Internal Revenue Service regulations regarding health insurance provided to an employee who owns a 2% or greater interest in an S-Corporation (a “2% shareholder-employee”), the health insurance premiums for the 2% shareholder-employee must be reported on the … Continued
We recently had the pleasure of attending Super Seminar 2023. With over 40 years of history under the guidance of the California Society of Enrolled Agents (CSEA), Super Seminar sets the standard as a beacon for professional development. Attendance at this event affords participants a wealth of knowledge, tools, and resources that foster growth in … Continued
EXECUTIVE SUMMARY The U.S. economy is proving very resilient. The outlook at the start of the year was for a recession at some point in the second half of 2023. We have not seen the beginnings of a downturn yet, but we are seeing momentum slow. The S&P 500 has rebounded strongly, albeit in a … Continued
When you think about income in retirement, there are a number of sources you might be able to use. When and how you use these different income streams can have a big impact on your retirement budget; they’re a key part of a holistic retirement plan. Let’s go over some of the most common sources … Continued
EXECUTIVE SUMMARY This year has seen the complete reversal of the commodity picture that we saw in 2022. Last year, commodities were the best-performing asset class; this year, they have been the worst. This is a typical trend for commodities as they move from boom to bust. International markets have performed the best, marking the … Continued
When it comes to putting a down payment on a home, the 20% rule may be less important than your personal budget. Ultimately, your ongoing monthly mortgage payments are going to have a much bigger impact on your finances than your initial down payment, so as you think about how much to save and put … Continued
Great Question – Let Ask AI When we asked AI if they are coming for us this is how they responded: If you’re asking whether AI will replace jobs or disrupt industries, it’s important to note that AI has the potential to both create and replace jobs, depending on the industry and specific roles. Some … Continued
This email applies only to California residents and businesses, except for those residing in the following counties: Imperial, Kern, Lassen, Modoc, Plumas, Shasta and Sierra. Dear Clients: As many of you are probably now aware, most of California has been deemed a disaster zone because of the recent storms, except for those counties listed above. … Continued