Taxpayers can start the new tax year off right by checking their withholding
A new year means a fresh start. One way people can get the new tax year off to a good start is by checking their federal income tax withholding. They can do this using the [...]
Businesses have Feb. 1 deadline to provide Forms 1099-MISC and 1099-NEC to recipients
The Internal Revenue Service reminds businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by Feb. 1, 2021. Redesigned Form [...]
Why You Shouldn’t Do Your Own Taxes Anymore
I always say, let the professionals do what they are good at. Packey Law Corporation, we do taxes. Tax preparation, audit representation, resolution, business consulting and TAXES. We are professionals, so let us do your [...]
California Taxes
My typical blogs are direct news topics from IRS website. The articles posted are what I think our clients and most taxpayers need to know. This blog however highlights California taxes. If you are a [...]
Eligible Paycheck Protection Program expenses now deductible
The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan [...]