The Consolidated Appropriations Act 2021, which was signed into law on December 27th, 2020, provides another $900 billion in funding for coronavirus relief for individuals and business owners. The new bill serves as an expansion of the 2020 CARES Act, offering additional funding and a number of key changes to both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. Although the Read More
Tax Attorney vs. CPA: What’s the Difference?
When you’re dealing with something as complicated as taxes, you need a specialist who can meet your needs with surgical precision. Even then, not every tax professional is the same. Take, for instance, certified public accountants (CPAs) and tax attorneys; while both of these professionals have deep knowledge of intricate issues, they occupy distinct roles for taxpayers. In this blog, we’ll dive deeper into the Read More
Using the Home Office Write-Off (for Business Owners)
Even before COVID-19 took over the country (and the world), working entirely from home was becoming more fashionable by the minute. This has highlighted the utility of the home office write-off, which is available to employees by the state of California. However, this blog will focus on using the federal home office deduction for business owners, as well as reducing your audit risk when using the deduction. What Read More
The American Taxpayer Relief Act Of 2012: Time To Review Your Revocable Living Trust
An estate plan is a fine-tuned machine, requiring maintenance and reviews in order to keep the documents up-to-date with the law and major life events. Especially considering the enactment of the American Taxpayer Relief Act of 2012, it is extremely important that an experienced estate planning attorney review your Revocable Living Trust if it was drafted before 2013. An estate plan is a fine-tuned machine, Read More
