by Thompson CPA | Oct 20, 2021 | estate, Problems & Solutions, Tax Laws
Imagine this. If you put $100K away for 150 years, at 8% your grandchildren or your great grandchildren would be worth a BILLION dollars. The new Biden tax law seeks to limit infinity trusts, but you don’t need infinity. And if you can afford that single lump sum, you...
by Thompson CPA | Oct 10, 2021 | Problems & Solutions
Record Wildfires - Is There a Solution? Imagine… Governor Newsom has a plan to spend $500,000,000($500 million) on fire prevention. My perspective on this is Wildfires are not just a California problem. I read recently where the following states all had a...
by Kevin Thompson | Apr 26, 2021 | Business, Problems & Solutions, Uncategorized
3D Print Technology is amazing and innovative and may offer a way to solve the homeless crisis. How could that be? 3D Printing has been successful in creating objects from toys to guns. What if homes could be created dirt-cheap? In Austin, Texas a small home for the...
by Thompson CPA | Apr 21, 2021 | announcement
Harik Minassi Coale and Thompson CPAhave combined practicesand are nowHarik Thompson CPAs We are delighted to announce that Harik Minassi Coale and Thompson CPA have combined practices and will operate under the name Harik Thompson CPAs, effective immediately. With...
by Rebecca Olkowski | Mar 12, 2021 | filing requirements
The graphic below may be helpful in the timing of your tax returns and when and how to get your $1400 check if you qualify. The income requirement are as follows. • Single Filers and Married Filing Separate: $75,000 – $80,000• Head of Household: $112,500 – $120,000•...
by Rebecca Olkowski | Feb 9, 2021 | filing requirements, Tax Laws
If you thought the IRS was being lax on auditing small businesses in the past, they will be increasing their audits by 50 percent in 2021. Due to recent tax laws and the economic stimulus-response to COVID -19, business tax calculations will be much more complicated....
by Rebecca Olkowski | Feb 5, 2021 | Business
The CDC has ordered that a federal eviction moratorium to halt residential evictions extend to the end of March 2021 for tenants who cannot pay their rents due to the pandemic. However, it’s important that landlords know their rights and how to deal with the...
by Rebecca Olkowski | Jan 18, 2021 | filing requirements
If you are a business considering the second round of PPP, depending on your bank, you will be able to begin submitting applications as early as January 15, 2021. If you use a lender with $1 Billion or less in assets they can make Paycheck Protection Loans for small...
by Rebecca Olkowski | Jan 15, 2021 | Tax Laws
Today I asked a friend of mine, Ed Kelly to chime in on Disability Insurance. Please enjoy this read. And try not to be frightened. There are relatively inexpensive solutions to disability issues. What is worse than high taxes on your income? NO income! And no income...
by Kevin Thompson | May 10, 2017 | filing requirements
For years, we’ve been told that calls from the IRS are fake and to hang up immediately if someone says they’re from the agency. However, starting soon, that warning may not be true. The IRS is going to begin to use collection agencies to demand payment from people who...
