Child & Dependent Care Credit

If you pay for daycare, you may be eligible to claim up to 35% of what you spend…. Here’s how. Paying for day care and in some cases adult dependent care can add up. The child and dependent care credit can help with that. To qualify, you must have one of the…

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Tax Benefits for S Corporations (During COVID-19)

Many small business owners operate out of an S corporation……and often the tax law isn’t too kind to S corporation owners, because it limits tax breaks other business owners can take. However, S Corporation owners get to benefit from most of the big COVID-19 tax benefits, including:-Payroll tax deferral-Employee retention credit-Tax-free…

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Business Loan & Credit (COVID-19) Options

During this critical time, you have options for financial stress relief as a business. As a business, you have two options: take a loan or take advantage of the credits available to you. You cannot chose both, you can only chose one. Let’s break down both options in further detail.Option 1. Taking…

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What is the Earned Income Tax Credit?

Did you know you may qualify to benefit from the Earned Income Tax Credit (EITC)?Soooo… what is this credit?The Earned Income Tax Credit is a tax credit that has actually helped millions of taxpayers in the past… by getting them more money back. I mean, who doesn’t want more money in…

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Security Conscious This Tax Season

tax season payroll bookkeeper

Unfortunately, many scammers think of tax season as an opportunity to take advantage of others. As always, Gold Standard Tax likes to start Tax Season off with important security and safety reminders – not to install fear, but just to make our dear tax payers “security conscious”.  When it comes…

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Independent Contractor or Employee?

We are always trying to help small business owners with the latest news and law updates to help you run things as smoothly as possible. Recently the Employment Development Department for the State of California released something very helpful to business owners – a checklist of how to identify who…

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The Top Tax Mistakes

payroll bookkeeping small businesses

Small business owners have a special place in our heart. We understand how much work goes behind running a business and how multi-tasking is your speciality when you own your own. We also don’t want you making mistakes when it comes to your taxes, as it could cost you a…

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