COVID-19 $2 Trillion Stimulus Bill Passed, by Mike Noon

This morning, the House of Representatives approved the historic $2 trillion stimulus package that passed the Senate earlier this week and the President just signed the bill.  The bill approved by the House is the same as the…

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Business Owner Survival Amid COVID-19, by Mike Noon

Dear Business Owners, I know COVID-19 emails and information is everywhere, but I wanted to communicate what I believe will be key to surviving these uncertain times.  You are all entrepreneurs and I know you have what it…

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New mandated employer-paid benefits coronavirus bill, by Mike Noon

On March 18, 2020, the President signed the Families First Coronavirus Response Act (H.R. 6201) to provide immediate relief to individuals and employers. Below is a summary of the key employer-paid sick leave and employer-paid family leave benefits,…

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U.S. Extends Individual Tax Filing Deadline from April 15 to July 15, by Mike Noon

“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Treasury Secretary Steven Mnuchin said.

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IRS & CA FTB COVID-19 Latest Updates 3/19 by Mike Noon

IRS is now joining CA with postponing 2020 Q1 estimate due 4/15 to be paid 6/15. Quick Summary of all IRS and CA Updates: Need to file an extension to avoid late filing   No late payment penalties…

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COVID-19 Tax Update, By Mike Noon

Dear Client: I hope you and your family are well as we all take the precautionary steps to limit this virus impact.  I know you already know to wash your hands, so I will provide you with a…

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South Dakota v. Wayfair – Sales Tax and Economic Nexus By Sandra O’Connor

In the 2018 court case, South Dakota v. Wayfair, the Supreme Court ruled that states can mandate businesses that have “nexus” in a state to collect and remit sales taxes on transactions to customers in that state. Prior…

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New Lease Rules; Finance Lease & Operating Lease by Scott Thompson

Journey Back to a Simpler Time Imagine if you will; it’s November 1976.  Perhaps you are in your brand-new Oldsmobile Cutlass, listening to Frampton Comes Alive (or Songs in the Key of Life if you have better taste…

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New CalSavers Program by Amanda Mitchell & Mike Noon

There is a new California government retirement plan called CalSavers.  CalSavers have been sending out attention grabber emails from what appears to be email addresses obtained through the California Employment Development Department.   The idea of the program is…

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Don’t Go Into Tax Season Blindly, by Mike Noon

Tax Planning…sounds so broad and formal.  What is tax planning?  To me, it’s time set aside to think about your current year tax situation and next year(s) tax situation and ponder if there is a better way to…

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