We should be extremely careful about the businesses we start to open and the safety measures, testing and tracing systems we can put into place.  We need to listen to the experts about this.  I saw a documentary about the 1918 Spanish flu and it could have been stopped much sooner had social distancing been… Read More

It is always best practice to file your tax return.  To qualify for the new stimulus package and to facilitate payment, you need to have filed your 2018 or 2019 tax returns with your bank account information.  For those people who didn’t meet the filing thresholds and didn’t file, they find themselves scrambling now to… Read More

WASHINGTON — New information from the IRS on Monday shines more light on what people can do to get the checks from the government as quickly as possible while many families worry about paying the bills and buying food during the coronavirus crisis that has cost millions of people their jobs. For Americans eligible for… Read More

Starting on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017. 18 cents per mile driven for medical or moving purposes, up 1 cent from the… Read More

The new Republican tax bill would cap the deduction for state and local taxes at $10,000 through 2025. This will be the total deduction allowable for state income tax, local tax and property taxes.  For those of you living in high tax states such as California and New York, pay your state and local income… Read More

Trump’s Tax Reform Plan By David Floyd | Updated December 16, 2017 — 3:05 PM EST House and Senate Republicans released the text of a bill to overhaul the federal tax code on Dec. 15, with final votes expected the following week. The bill represents a compromise between two significantly different bills the two chambers passed over the preceding… Read More

U.S. Attorneys » Central District of California » News SHARE Department of Justice U.S. Attorney’s Office Central District of California FOR IMMEDIATE RELEASE Thursday, January 12, 2017 Ringleader of Bank Fraud Scheme that Used Information Stolen by Wells Fargo Employees Sentenced to over 7 Years in Federal Prison             LOS ANGELES – The organizer of… Read More

My Horrible Experience with Wells Fargo in Dealing with Credit Card Fraud and ID Theft – Will the Problem Improve or Only Get Worse? By J. Mark Olson CPA As we now enter into the holiday season, I thought it was appropriate to share my horrible experience with recent credit card fraud and ID theft. … Read More

Have you ever wondered why you can’t pay your vendors?  Have you ever taken a good, hard, serious look at your accounts receivable?  Your accounts receivable could be a very good source of cash if properly managed.  Do not let them get old.  The older your accounts receivable get, the harder they are to collect. … Read More

During my career, I have come across many companies who simply do not understand the importance of maintaining a good, clean set of books.  These are the companies that are unwilling to spend the money where it is needed most.  The value of a good bookkeeper and/or a solid accounting department is worth their weight… Read More