Coastal Accounting & Bookkeeping

Buy local! Support small businesses! Buy a gift card, or pre-pay for a membership to a local non-profit!

For those looking for information on stimulus payments, IRS will share it as soon as it’s available. In the meantime, there’s no need to sign up for anything Just make sure you’ve filed a 2018 or 2019 tax return. www.irs.gov/coronavirus

This is a great article that summarizes what employers need to know about the Families First Coronavirus Response Act.

More resources for small business owners, and how GoFundMe can help, whether you're a small business owner or a community member looking for a way to support your community in this time of need.

IRS Tax Return Filing Filing Date Extended to July 15th, 2020

https://www.caltax.com//new-mandated-employer-paid-benef/

State Postpones Tax Deadline for California Taxpayers Affected by the COVID-19 Pandemic Sacramento The Franchise Tax Board (FTB) today announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments to June 15, 2020, for all tax filings and payments due between March 15, 2020, through June 15, 2020. https://www.ftb.ca.gov//2020-2-more-time-to-file-pay-for-c

New Mileage Rates from the IRS for 2020!

As the end of 2019 approaches, it's a great time to get organized so you'll be ready for tax time! We seem to be busy helping clients purge files this time of year. This article from the IRS is a good guideline for us to reference when determining how long to keep files. https://www.irs.gov//small-/how-long-should-i-keep-records

New Sales and Use Tax Rates in the State of California Effective July 1st, 2019 https://www.cdtfa.ca.gov/news/19-15.htm

Get a jump start on organizing your receipts in 2019! Buy an accordion file folder with twelve pockets. Label each pocket for each month of the year. Put all of your receipts in the accordion file throughout the year. File the accordion file in your storage at the end of the year. Buy a new accordion file folder next January! I've done this for years and it helps me to have a place to put all of my receipts so that they are not scattered all over the house and the office and the car!