What Happens to My “Stuff” When I Die? Think about all the “stuff” you have accumulated in your life: money, cars, real estate, personal items, stocks, and more. Have you thought about who should receive your possessions when you die? If you reside and own property in California without proper planning your estate could be
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Are Unemployment Benefits Taxed?
Unemployment Benefits During Coronavirus Americans have been filing for unemployment benefits in record numbers. As of April 2020, roughly 14.7% of all Americans have applied for benefits. The Coronavirus Aid, Relief, and Economic Securities (CARES) Act created additional unemployment benefits and America’s unemployed should be aware of these changes as well as any potential tax
E-Commerce Sales Tax
E-Commerce Sales Tax The rise of e-commerce has also led many online retailers to seek guidance on calculating, documenting, and paying sales and use tax on their online e-commerce sales tax. Questions like, “Do I charge the same sales tax rate for every customer?” or “Am I supposed to charge sales tax relative to where
Tax On Cryptocurrency
Cryptocurrency and Capital Gains Tax Bitcoin quietly made its appearance on the world stage in 2014. Initially, cryptocurrency was merely an obscure novelty. It was discussed by niche circles in tech and academia, if at all. It was only with the arrival of significant gains in 2017 that Bitcoin, and the cryptocurrency space as a
What is a Guardianship?
What is a Guardianship? Guardianship and Advance Health Care Directives What is a guardianship? Many people used to think that estate planning was only for extremely wealthy individuals. This is a common misconception, but in recent years, more and more people are realizing that a comprehensive estate plan can provide many benefits. Regardless of wealth
How to use the IRS Website to Get your Stimulus Check
How to use the IRS Website to Get your Stimulus Check Beware of entering the IRS website to get your stimulus check. It is something you may have heard of in a haunted house at a Halloween Carnival. However, when it comes to COVID 19 Stimulus payments you should we wary before using the IRS
I Want My Money
In March 2020, Congress Passed the Coronavirus Aid, Relief, and Economic Security Act, CARES Act. The stimulus payments for the CARES Act is a $2.2 trillion legislative behemoth that seeks to stimulate the economy and provide relief to individuals and businesses affected by the COVID 19 epidemic. One provision of the CARES act are the
Paycheck Protection Program – PPP Loan – How to Use Them
The late and great Kenny Rogers once famously sang, “You gotta know when to hold them, know when to fold them.” Well when it comes to Paycheck Protection Program PPP Loan, business owners need to know when to spend it and when to end it. In March 2020, Congress passed the Coranavirus Aid, Relief, and
COVID-19 Employee Retention Credit
COVID-19 Employee Retention Credit COVID-19 continues to have detrimental effects across the globe in many ways uncovering the need for a COVID-19 Employee Retention Credit. In the United States, many states have enacted stay-at-home orders. These measures to prevent its spread. Although necessary, these measures have devastated entire industries. This leads employers to wonder if
The CARES Act – Coronavirus Aid, Relief, and Economic Security
On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was put into effect, which will provide taxpayers and businesses significant tax and non-tax relief during these unprecedented times. Individuals and businesses should remain informed about the tax and non-tax implications of the legislation and The CARES Act. WHAT INDIVIDUALS CAN EXPECTIf