An alarm clock sits next to a stack of coins, offering a reminder not to oversleep.
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PPP Loan – To Forgive or Not to Forgive

ByKrista Gilb, CPA

For the loan amount to be considered forgivable, no less than seventy-five percent (75%) of the loan must be spent on payroll and payroll related costs. If this marker is not met, it is possible that none of the loan will be considered forgivable.   How does the CARES Act define payroll and payroll related costs? Salaries…

A calculator sits on top of a sheet of paper, providing relief while calculating taxes for both IRS and California FTB.
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IRS and California FTB – relief related COVID-19.

ByKrista Gilb, CPA

As a response to COVID-19 pandemic, the federal and state of California government agencies have issued the below relief related to tax filings and tax payments. IRS TAX PAYMENT EXTENSION: The IRS announced today they will give an additional 90-day extension of tax payments. Individuals and business that have an April 15 deadline will be…

A house with a pile of money in front of it, perfect for New Year's financial resolutions or refinancing.

New Year, New Refi?

ByKrista Gilb, CPA

Is one of your New Year’s resolution to save money and do you own a home?  Considering taking advantage of the current lowering trend in mortgage interest rates?  How might a refinance affect your taxes with the tax law changes of the Tax Cut and Jobs Act (“TCJA”)? Out with the Old In general, until…

An ideal carving out of a business entity, represented by a person's hand holding a knife on a white background.
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Carving Out Your Ideal Business Entity

ByKrista Gilb, CPA

Looking to start a business, or perhaps you already own a business and with the new tax law considering whether you are set up with the right business entity?  Whether you’re navigating the internet or listening to your neighbor, it can quickly become a cornucopia of information.  Your research of the various types of business…