Blog & News

Featured Blog:
Does Your CA Business Qualify for Exemption from the CalSavers Program?

How Rental Property Owners Can Avoid the Net Investment Income Tax

"The net investment income tax, or NIIT, is a hefty 3.8 percent tax on top of..."

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California's New SALT
Law Explained

"By making this election, you could reduce your personal federal taxable income..."

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Grouping- Part Two 
How to Make the Election to Group

"Revenue Procedure 2010-13 requires grouping disclosures in your tax returns for taxable years..."

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Grouping- Part One
A Tax Strategy for Owners of Multiple Businesses

"When you own more than one business, you need to consider the grouping rules that..."

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Is Now the Time to Transfer Your Home to Your Child?

"When you own more than one business, you need to consider the grouping rules that..."

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Is the Classification Settlement Program (CSP) Right for You?

"If you have workers that you treat as independent contractors, this article is..."

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Tax Considerations When Handling Someone Else's Estate- Part 2

"Grieving the loss of a loved one is painful and overwhelming. Ideally, settling..."

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Tax Considerations When Handling Someone Else's Estate- Part 1

" When a loved one passes away, someone must handle the resulting financial..."

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Why You Need a Trustworthy Bookkeeping and Payroll Service

"Handle payroll taxes the wrong way and you could end up in an IRS agent's office..."

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You Own a Vacation Rental- Is It Best to File a Schedule C or E?

"If you show a tax loss on your rental property, Schedule C is a great choice because it..."

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How Hiring Your Child Can
Be a Win, Win

"The hire-your-child strategy works best for a Schedule C proprietorship because..."

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Do You Need to Enroll in the CalSavers Program?

"CalSavers is California's retirement savings program designed for the millions..."

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The 105- HRA- Is It Right For Your Business?

"Does Your Business Qualify To Use The 105-HRA? The 105-HRA gives you the best..."

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Is a Reverse Mortgage
Right for You?

" When you think of a reverse mortgage, you may not think of using it as a tax planning..."

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Do You Qualify for Home
Internet Deductions?

"If you do some work at home, chances are, you use your home internet..."

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Cryptocurrencies Have Gone Mainstream- What That Means for You Come Tax Time

"With the price of bitcoin having gone through the roof (before its recent decline), and with ..."

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Embrace Your Wild Side With
a Self- Directed IRA

"Tax-advantaged retirement accounts such as IRAs are a great way to save for retirement..."

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How To "Treat Yourself" With
Tax-Free Fringe Benefits

"Flowers, fruit, books, and similar property" refers to a category of gifts that the IRS.....

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What To Do If Your 1099 Form Is Wrong

Tax season is upon us, which means it's time to gather together all of your 2021 tax.....

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Is Your Home a Residence or Rental Property?

When you use a home for both rental and personal use, regardless of that home’s .....

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Is Your Side Gig A Business
or a Hobby?

The IRS likes to claim that money-losing sideline activities are hobbies rather .....

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What is an FTB Temporary ID Notice And How Do You Know If It Affects You?

Recently some tax professionals have been getting calls from clients who have .....

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A Write-Off For You and Tax-Free Income For Mom and Dad

Imagine this: A tax deduction for you, and tax-free income for mom and dad....

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Utilize Investments Made In Your Child's Name

The term "Kiddie Tax" was introduced by the Tax Reform Act of...

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Bookkeepers Help You Avoid 
Penalties

If you file a 1099 Form, you may need to be aware of certain....

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The Way We Deduct
Entertainment Has Changed

You can now deduct up to 100% of meals... See how...

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2021 Year-End 
General Business Income Tax Deductions

Here are some general business income tax deductions

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Meet The Golden
Girls Team

Check out the main team members inside of Gold Standard Tax...

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Is The Property Considered an Investor or Dealer Property?

If you have recently fixed up a house and sold it, how would you count your taxes?

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How to Deduct the Costs of Starting a New Business

When starting a new business, there is a developmental phase that you can...

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How to Fight Against
Identity Theft

Here are key tips in order to protect yourself from cyberspace...

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Taxes and Cryptocurrencies 
(Such as Bitcoin)

If you trade Bitcoin as a part of your investing, here is what you need to know tax-wise...

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What is the Employee
Tax Credit?

See if you qualify for this credit and how you can earn more money...

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Is a Garage Qualified as a
Home Office?

If you work from home and your office is in your garage, can you qualify for...

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When You Start a New
Business

You could potentially qualify to get up to $100K tax-free money when you start a...

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Child Tax Increase
For the Year 2021

For the year 2021 only, the child tax credit has increased to up to...

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If You Rent Out Property, Here's What You Need to Know

There can be some unique tax attributions for rental properties such as...

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