Posts by Steve Pollock
SpaceX Chopsticks
If You Haven’t Seen It Yet, You’re Going to Want To: Rocket Caught by “Chopsticks” On October 13, 2024, SpaceX made aerospace history by capturing its Super Heavy booster mid-air with the launch tower’s “chopsticks” arms. This breakthrough reusability maneuver demonstrates a new era in cost-efficient, sustainable space exploration. Haven’t seen it yet? Check out…
Read MoreReason Election Economics
Decoding the election economy When politicians hit the campaign trail, their first talking point tends to be the economy. Yet, despite the talking points you’re likely to hear, the U.S. economy doesn’t fluctuate dramatically based on who’s in the Oval Office. Here’s what the data has to say about how the U.S. economy has performed…
Read MoreImportant Year End Retirement Plan Deadlines
Keeping on top of deadlines is challenging, especially with frequent tax law changes. Below are the key retirement-related deadlines for the 2025 tax year. As always, please reach out with any questions on how these dates apply to your specific circumstances. Retirement Account Deadlines for 2025 Deadline to Contribute to 401(k) and Other Defined Contribution…
Read MoreTake Me Out to the Ballgame: Our Reason for the Love of Baseball
As an office teeming with baseball enthusiasts, the appeal of heading out to the ballpark is a universal sentiment here. Whether you’re a fan of the Padres, Dodgers, Cubs, Giants, Yankees, Twins, or Red Sox, like those of us at Team Reason, there’s no denying the joy of experiencing a game live. But what makes…
Read MoreCalifornia Business Owners – Statement of Information Filing
California law requires all corporations, limited liability companies (LLC) and common interest development associations to update the records of the California Secretary of State based on the year of registration by filing a Statement of Information (SOI). All entities are required to complete the SOI within the first 90 days of filing the Articles of…
Read MorePersonal Use of Corporate Automobile
Personal Use of Corporate Automobile Download your 2025 Personal Use of Auto Inform Based on current tax laws, an employee’s personal use of a corporate provided vehicle (PUA) is considered to be a taxable fringe benefit. The following summarizes these rules: A corporation is required to treat the personal use of an employer provided vehicle as…
Read MoreReminder to File Your 1099s
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…
Read MoreHealth Insurance Premiums Paid for S-Corporation Shareholders
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…
Read MoreNavigating the Tax Galaxy: Our Recent Journey at Super Seminar 2023
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…
Read MoreAN ECONOMIC AND MARKET UPDATE – JULY 2023
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…
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