Blog & News
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Cryptocurrencies Have Gone Mainstream- What That Means for You Come Tax Time
"With the price of bitcoin having..."
Embrace Your Wild Side With
a Self- Directed IRA
"Tax-advantaged retirement accounts such as IRAs are a great way to save..."
How To "Treat Yourself" With
Tax-Free Fringe Benefits
"'Flowers, fruit, books, and similar property' refers to a category of gifts..."
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.....
Is Your Home a Residence or Rental Property?
When you use a home for both rental and personal use, regardless of that....
Is Your Side Gig A Business
or a Hobby?
The IRS likes to claim that money-losing sideline activities are hobbies rather .....
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..."
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....
Utilize Investments Made In Your Child's Name
The term "Kiddie Tax" was introduced by the Tax Reform Act of...
Bookkeepers Help You Avoid
Penalties
If you file a 1099 Form, you may need to be aware of certain....
The Way We Deduct
Entertainment Has Changed
You can now deduct up to 100% of meals... See how...
2021 Year-End
General Business Income Tax Deductions
Here are some general business income tax deductions
Meet The Golden
Girls Team
Check out the main team members inside of Gold Standard Tax...
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?
How to Deduct the Costs of Starting a New Business
When starting a new business, there is a developmental phase that you can...
How to Fight Against
Identity Theft
Here are key tips in order to protect yourself from cyberspace...
Taxes and Cryptocurrencies
(Such as Bitcoin)
If you trade Bitcoin as a part of your investing, here is what you need to...
What is the Employee
Tax Credit?
See if you qualify for this credit and how you can earn more money...
Is a Garage Qualified as a
Home Office?
If you work from home and your office is in your garage, can you qualify for...
When You Start a New
Business
You could potentially qualify to get up to $100K tax-free money when you start a...
Child Tax Increase
For the Year 2021
For the year 2021 only, the child tax credit has increased to up to...
If You Rent Out Property, Here's What You Need to Know
There can be some unique tax attributions for rental properties such as...
How Much of Business Meals Can You Deduct?
The law has recently changed for the percentage of business meal deduction...
How to Determine If You Should Use SEP IRA or Solo 401(k)
There are many options when you retire... Here are the pros and cons of...
What Reasonable Causes Are There for Forgiveness?
If you receive a penalty from the IRS, how can you decide if you have reasonable...
Tax Credits From theCOVID-19 Relief Law
How does the covid-19 relief law boost temporary tax credits and why does this...
Tax Credits From the
COVID-19 Relief Law
How does the covid-19 relief law boost temporary tax credits and why does this...
Who Qualifies for
First Draw?
If you recently acquired a PPP Loan,
here is what you need to know....
What You Should Know
About Form 1099
If you hired independent contractors, what should you know about Form 1099?
Updates About
PPP Loans in 2021
If you are considering a PPP Loan, there are a few things you should know first...
What Are the Different
Retirement Options?
If you are self-employed, you may be wondering about the best type of...
What You Need to Know
About Hiring Your Spouse
There are a few things (including tax benefits) that you need to know when you...
What You Need to Know
About Filing in 2021
With the different elements in 2020, there are a few changes to how we will file in 2021...
What Changes Have been Made to Deducting Charitable Donations?
Here are the key changes that you need to know about...
How to Obtain Lost Records from
A Natural Disaster
Here is how you can ensure you have the correct records you need when...
Do You Count Your Activity as a Business or Hobby?
There are several factors in determining whether your activity is a business...
When Your Corporation Reimburses You for a Vehicle
When it comes to trading in vehicles, there is much to think about with respect to taxes...
Does Your Business Qualifyfor an EIDL Loan?
There is a loan that your business may qualify for...
Tax Benefits from Hiring Family Members
Did you know that hiring family members during the Covid-19 pandemic...
How the Child and Dependent Care Credit Works
If you pay for childcare, you may be eligible to claim up to 35% of what you spend...
What are Some Tax Benefits for S-Corporations During COVID-19?
Many small business owners operate out of an S-Corporation...
Financial Help for IRA Owners During COVID-19
If you own an IRA and have been adversely affected by the COVID-19 pandemic...
Business Loan & Credit (COVID-19) Options
During this critical time, you have options for financial relief as a business...
Self-Employed & Independent Contractor (COVID-19) Options
This is a crazy time for everyone and we want you to know you DO have options...
Minimum Distribution for Retirement Accounts Suspended
Normally, you need to make required minimum distributions at a certain age...
Independent Contractor or Employee?
We are always trying to help small business owners and how they handle taxes...
Security Conscious This Tax Season
Unfortunately, scammers use tax season to take advantage of people...
What is the Earned Income Tax Credit?
Did you know you may benefit from the EITC tax credit? What it is...
The Top Tax
Mistakes
Small business owners have a special place in our heart and we want to help you...
NOW Is The Time To Start (Organizing for Taxes)
We know... we know... seems a little early to start talking about tax season? But...
Do You Qualify for the Earned Income Tax Credit?
If you or someone you know has low-to-moderate income...
Beware of a
New Tax Scam
At Gold Standard Tax, we always want to ensure your safety and protection...
How the New Tax Withholding Estimator Could Help You
If you are retired, are an employer, or are self-employed, there is a new tool...
Top 2019 Tips for Making Estimated Tax Payments
We want to make sure this tax season doesn't sneak up on you unprepared...
Summertime
Tax Tips
While you are soaking up the sun, you can soak up these tax tips as well...
Top Tips for
Traveling for Charity
What if you travel this summer because of your involvement with a charity?..
The Importance of
Bookkeeping
Here are the top reasons why hiring a professional bookkeeper is beneficial...
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