MBS Accountancy Corporation

For organizations that took a PPP loan in 2020, business leaders and accountants have been waiting for guidance on how the PPP loan will be taxed for California purposes. We finally have some answers as AB 80 is now officially law in California and the bill looks significantly different than what was originally proposed. We discussed the details in an email newsletter here: http://eepurl.com/hxldJb

Want to know how to spot a bad accountant? Here are the biggest warning signs: They aren't discreet about other clients... They suggest dishonest practices They promise big but fail to follow through They don't communicate well with you Read more here: https://mbsaccountancy.com/signs-of-a-bad-accountant/ #accounting #warning #business #success #tax #fraud

Woohoo!!! Happy Birthday to our Tax Manager, Maggie Freeman! She celebrated her birthday at the office, rocking her hat and sash all day while still getting the job done! Talk about talent!

"Before you are a leader, success is all about growing yourself. After you become a leader, success is all about growing others." - Jack Welch... #quote #business #success #leadership # teamwork

Helping #nonprofits stay compliant is part of how we ensure their continued #success. One of our latest blog posts explains updates and requirements for the Annual Registration Renewal Fee Fee Report (RRF-1 Form). https://mbsaccountancy.com/rrf-1-form-guide-to-annual-regi/

We are so thrilled and honored that Forbes recognized us on their America’s Best Tax and Accounting Firms 2021 List. Many, many thanks to our partners and clients for their continued support! Success truly is a team effort! Read more here: https://mbsaccountancy.com/press/

"The beginning is the most important part of the work." - Plato #quotes #quote #biz #success #motivation #education #neverstoplearning #businesssuccess #successmotivation #learningeveryday #learneveryday #businesspassion #bestday

Thanks to Amarquez for bringing us delicious Crumbl Cookies cookies! We’re ready for tax season!

Renting out your home? Our latest blog post covers some clauses and consequences to be aware of as you accept tenants. https://bit.ly/3fOgxUm

Riccardo wears many hats throughout each workday, troubleshooting everything from minor software issues to helping us solve bookkeeping or tax problems. But, there's one job he takes VERY seriously: playing pranks on all of us in the office.

An organization, no matter how well designed, is only as good as the people who live and work in it. - Dee Hock

We're excited to welcome Michael Barner to our team! As an accountant, Michael will assist with preparing & analyzing transactions, tax planning, & monthly accounting organization. Along with accounting, Michael enjoys hiking, surfing, and working on his classic VW.

The IRS has approved a workaround that allows business owners to skirt the $10,000 cap on state and local income tax deductions. Read more below: https://cnb.cx/33w7d2j

Did you know that the solar tax credit currently available will be decreasing from 26% to 22% in 2021? Read our latest post to learn about the various nuances of this federal tax credit: https://bit.ly/3k2jeSC

"Strive not to be a success, but rather to be of value." - Albert Einstein

Starting off in your career? Networking is vital - but hard to start. Here's some tips: - Understand your personal value proposition... - Harness your existing networks - Categorize contacts based on their purpose and relevance Read more: https://bit.ly/36Xublz

It's that exciting time of year again! The Business Journal is now accepting votes for the Best of Central Valley Business. Click the link below to vote for us and your other favorite businesses in the Central Valley. https://www.surveymonkey.com/r/JC5LDZT... #GoCV #GoFresno

Curious about the difference between aggressive and conservative accounting? Read our latest post to learn the differences and why they matter in your company's accounting strategy. https://bit.ly/3e5AjcV

Leadership isn't demonstrated by a title: it's in what you do.

Confused about what qualifies as "business" meal? The IRS recently released final rules on business meals and entertainment. Read more https://bit.ly/3lFwnlP

The California Office of the Small Business Advocate just announced a new partnership with the Eva Longoria Foundation and Small Business Development Centers to create a Digital Pop-Up Festival this December in Central California. Read more here: https://bit.ly/37rBqlU

Want to make more profit? Here's some tips: - Don’t cling to an outdated pricing strategy.... - Focus on reducing direct costs - Manage your overhead costs - Avoid unprofitable products or services - Retire old products or services Learn more https://bit.ly/3lDK7NV