News & Articles

Hello Everyone – We hope you all had a wonderful Thanksgiving! As we wrap up 2025, we wanted to share a few important updates and reminders before we head into tax season. Child Tax Credit for 2025 Families with qualifying children can benefit from the increased Child Tax Credit this year- Up to $2,200 per […]

Hello Everyone – We hope you are having a wonderful Fall Season. As we transition into winter and get closer to the end of the year, we would like to continue to share with you the many recent changes to the tax code and how these changes may impact your tax situation. Under President Trump’s […]

Hi Everyone – We hope everyone is having a nice September.  At this point we have passed our internal deadlines for filing your 2024 tax returns. We can still assist, but the return will not be done by 10/15. If you have made payment to us but have not submitted your tax documents please reach […]

For our August newsletter we wanted to highlight the following tax law changes which go into effect for tax year 2025.These are time sensitive and related to energy credits: Electric Vehicle Tax Credit: Expiration: This tax credit is expiring as of September 30, 2025. What tax credit? The expiration of the tax credits includes the […]

For our July newsletter we wanted to highlight the following tax law changes which go into effect for tax year 2025: “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips […]

This newsletter is directed to those affected by federally declared disaster areas including San Diego County (businesses & residents).  Hi Everyone ­ Due to severe storms, the IRS announced today that individual and business taxpayers located in San Diego County are granted automatic filing relief until June 17, 2024. The June 17 filing postponement matches […]

Hello! For individuals who own and/or operate a business in the United States – new business reporting requirements are being enforced beginning January 1st, 2024. This new informational reporting requirement is referred to as “Beneficial Ownership,” and if you own and/or operate a business in the United States, we encourage you to familiarize yourself with […]

Good Afternoon! Prior to the upcoming 2023 tax season – we will be retiring OfficeTools, our existing client portal application, and upgrading to a new client portal application. We’re very excited to announce that this moment has arrived, and we have officially rolled out our new client portal application – Qount! We will be using this […]

Hello!  If you make energy improvements to your home or purchase an electric vehicle, tax credits may be available for a portion of qualifying expenses. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022, which will be applied to purchases in 2023 and future years. Here is […]

Hi Everyone – We hope everyone is doing well! For those of you who are residents of California, the IRS has extended returns to October 16, 2023. In addition, the Governor’s office has announced that it will conform to the IRS’s postponement of filing and payment deadlines to October 16, 2023 as well. This applies to […]