Taxes 'N Books, Inc.

Our new sign is up at the new Vacaville office!

We realize that the COVID pandemic has brought a lot of challenges, questions and uncertainty to many of our clients. We are working to continually understand the various programs and credits available. We ask that our clients communicate with us via email to let us know if they have received the Economic Injury or Paycheck Protection Loan. This will aid us to notate your records and assist with tracking it on the bookkeeping. We are providing some pointers on the Paycheck... Protection Loan Forgiveness. Visit the lending bank or SBA.gov regarding the Forgiveness application for your specific loan details. Please email us with questions and updates. [email protected] and [email protected] PAYCHECK PROTECTION PROGRAM (PPP) Use 100% of funds within 8 weeks of funding At least 75% to be used towards payroll costs Up to 25% for rent, interest on debt and utilities Restore staff and wages from before pandemic Account for expenses paid with loan Forgiven loan amounts are not income Expenses from forgiveness loan are non deductible Economic Injury Advance deducted from forgiveness Review Interim Final Ruling from SBA for details https://www.sba.gov//sba-form--paycheck-protection-program

Although we are no longer taking in person appointments because of social distancing, you can still either mail in your documents or we have installed a secure drop box in the back of our building for your information to be dropped off. We are working remotely from home but are taking turns coming into the office once a week to pick up new work and print returns. Thank you all for your patience during this difficult time. We will get through it together. Stay well!

It's that time!! Call us now to schedule your tax appointment we are booking up fast!

Judy speaking & educating at one of our daycare seminars.

Happy Halloween from the Sacramento office of Taxes N' Books!

Vacaville office has moved!! We have a new location for our Vacaville office, we are now located at 531 Merchant Street in Vacaville! Come see us!

Meals & Entertainment - The new tax laws for 2018 generally eliminate the deduction for any expenses related to activities considered entertainment, amusement or recreation for businesses. However, under the new law, taxpayers can continue to deduct 50% of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant. The meals may be provided to a current or potential business customer, client, consultant or similar business contact. If provided during or at an entertainment activity, the food and beverages must be purchased separately from the entertainment, or the cost of the food or beverages must be stated separately from the cost of the entertainment on one or more bills, invoices, or receipts.

https://taxesnbooks.com//law-change-affects-moving-mileag/