Last Chance For 2020 Entity Formation: Set Up an LLC or Corp. for 2020 by November 30th

If you are starting a business, an LLC taxed as S-Corp. offers many advantages, including personal liability protection, reduced self-employment taxes, and possibly even reduced audit risk. A C-Corp. with the new lower corporate tax rates can also make sense in some cases. We can help you make the business entity decision and we can set up […]

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September 15th Final Deadline: S Corporations and Partnerships

S Corporation and Partnership Tax Filing Deadline for Extension is September 15th S corporation (Form 1120S) and partnership (Form 1065) tax returns for entities who use the calendar tax year were due March 15th.   The extension to file gives you 6 months extra time to file until the September 15th deadline.  There are no […]

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July 15th Tax Day Coming Up

All taxpayers and businesses automatically had additional time to file 2019 IRS and CA FTB filings and make payments without interest or penalties.  Now, that deadline is quickly approaching.  SBA Payment Protection Program (PPP) applications end 06/30/20. SBA Economic Injury Disaster Loan (EIDL) applications have reopened. Individual Tax Returns Tax Filing Deadline is July 15th   Individual (1040) tax returns and payments are due July 15th.  Please contact Roxana@taxplus.com to request an […]

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Relief Efforts: Stimulus Payments/Loans, IRS/FTB Collections, Rent/Mortgage/Property Tax

employer identification number EIN

We have assembled some information and links to help provide guidance on the various relief efforts available to you. Additionally, although our physical office is temporarily closed, we will continue to support you through phone and video conference appointments.   Please review the following information and call or e-mail us with ANY support questions.  Tax Day Postponed from April […]

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2019 Tax Filing Options: Meeting, Video, Extension

Video Conference with Tax Plus

In light of the current health concerns, please be advised of our updated operating policy. 1.    We are open to meetings as long as possible. We will follow the recommended precautions of distancing and cleanliness at the office. 2.    We can switch your meeting to a Zoom video conference if you prefer.  We can receive your tax […]

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S-Corp. (1120S) & Partnerships (1165)  File March 15th or Request Extension

Spring is coming up quickly and so is the March 15th tax filing deadline for S-Corp.s and Partnerships. Let’s finalize your filings if possible. Otherwise, call or e-mail us to request an extension until September 15th.   S Corporation and Partnership Tax Filing Deadline is March 15th  S corporation (Form 1120S) and partnership (Form 1065) tax […]

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City of L.A. Office of Finance Business Registration Due

los ángeles business

Final Reminder: City of L.A., Office of Finance, Business Registration is due by March 2nd, 2020. If you are doing business in Los Angeles as an independent contractor, self-employed, freelancer, sole proprietor, small business owner, partnership, fictitious business name (dba), loan-out co., LLC, or S-Corp., you must comply with the City of Los Angeles, Office of Finance […]

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1099 Forms & Business Registration Due Soon

1099-Due-Soon-Banner

We have two important reminders to prevent penalties: The first reminder applies to you if you have paid any independent contractor $600 or more during 2019. If that is the case you must issue a Form 1099 to that individual by January 31, 2020. There is no requirement to issue Form 1099 to corporations. If […]

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Minimize ’19 Taxes and Tax-Time Surprises!

With the 2018 tax filing deadlines behind us, it’s time to look ahead. Starting to look into your ’19 taxes now can help minimize tax-time surprises. One way of doing so is allowing us to help determine if your federal and state tax withholdings will be sufficient to avoid surprises or penalties for underpayment of […]

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