Changes To California Health Insurance In 2020 & 2021
February 2nd, 2021
There were 4 major changes to California health insurance in 2020 & 2021. Here’s what you need to know: You are now required to have health insurance in California under a state mandate even though the federal mandate was lifted in 2019. You will be assessed a California state insurance tax penalty in 2020 and […]
Year-End Tax Planning Opportunity: Conference Period Ends 12/18/20
December 1st, 2020
We sincerely hope that you enjoy the holidays to provide closure for this particularly challenging year. We look forward to a great 2021! Start Tax Planning Now We have a couple of weeks to project your 2020 tax results and make last-minute tax-saving recommendations. Whether you simply wish to anticipate the outcome of this year’s filings to prepare […]
Last Chance For 2020 Entity Formation: Set Up an LLC or Corp. for 2020 by November 30th
November 17th, 2020
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 […]
September 15th Final Deadline: S Corporations and Partnerships
September 1st, 2020
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 […]
July 15th Tax Day Coming Up
June 23rd, 2020
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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