ZS Profit Solutions-Tax Consultants

If you run a small business, you already have a full plate. The last thing you need is for the IRS to question any of your business expense deductions. But it could happen. And that's why having records that prove your expenses is so important. Even deductions for routine business expenses could be disallowed if you don't have appropriate records. https://www.socaltaxplanner.com/content_library.htm

Stay-at-home orders across the U.S. have paused revenue streams for 30 million small businesses, resulting in massive employee-layoffs during the COVID-19 crisis. The Small Business Administration (SBA) is stepping up with additional assistance for these small companies and their employees in the form of a forgivable loan of up to $10 million each to cover payroll and other costs. https://www.socaltaxplanner.com/content_library.htm

It's not always easy to keep contributing to your employer-provided retirement plan. Bills and unexpected expenses can eat up most of your salary, leaving little for retirement savings. You might be tempted to forget about it until you start earning more money. https://www.socaltaxplanner.com/content_library.htm

If you need to know if you qulify please call us at 818-884-2549 https://www.wsj.com//small-businesses-struggle-with-sba-di

The IRS is taking a special look at the tax situation surrounding executive compensation. This may sound simple, but there are a lot of complexities you need to know about. Click through for an introduction to the key issues. https://www.socaltaxplanner.com/content_library.htm

Whether you use a desktop computer, a laptop, or a smartphone, you have probably come to rely on e-mail to communicate with vendors, customers, and business associates. It's just as likely that many of your e-mails have attached files that contain confidential information or some other highly private data. Unfortunately, private, important data can be stolen, accidentally forwarded, or leaked through malicious software programs. That's why you need to focus on enhancing your security measures. Here are some enhancements to consider. https://www.socaltaxplanner.com/content_library.htm

Certified tax coaches may provide the information you need to better understand Qualified Business Income and help you navigate the Tax Code's complex provisions. Click here to learn more. https://pos.li/2ezubf

The labors of love you pour into your business may have a fair market value on the street, but how do you accurately translate your net worth? https://pos.li/2ezu6i

Even the most savvy investors and tax experts often avoid the topic of cost segregation. If you don't know much about cost segregation, you aren't alone. Click to learn more. https://pos.li/2ezu58

Increasing charitable giving helps keep taxes lower and government bureaucracies smaller. http://bit.ly/2JhCOe7 #auditpitfalls

A high number of allowances is good for a monthly budget, but it may result in tax liability. http://bit.ly/35YMML3

Below is a brief side-by-side comparison of some important IRA features. http://bit.ly/2MEmjef #rothiras

Wishing you peace, love, and joy this holiday season and throughout 2020Wishing you peace, love, and joy this holiday season and throughout 2020