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NEWS & UPDATES


Navigating the Deadline: What You Need to Know About Filing 1099s by January 31st
As the year comes to a close, both business owners and freelancers gear up for the essential task of filing 1099 forms. With the...


Pay your workers PROPERLY
You cannot do everything yourself. You need to hire someone to scale your business. Whether it’s administrative, sales, marketing,...


W2 vs. 1099 - which is better? $100K scenario
A question I often get asked as a CPA is: Should I be an employee (“W2”) or self employed / independent contractor (“1099”)? A common,...


Action Item: California businesses: PTE tax deduction - due 6/15!
This is friendly reminder for California business owners: Profitable California taxpayers with S-Corporations and LLC's (aka Pass-...


Our Approach to New Business Clients
At Profetta Tax & Accounting , we follow four steps when approaching each business client: #1 BOOKKEEPING sounds boring, but it is the...


What type of corporation should I create?
cor·po·ra·tion ˌkôrpəˈrāSH(ə)n/ noun a company or group of people authorized to act as a single entity (legally a person) and recognized...


The A,B,C's (& D's & E's) of Individual Tax Returns
Don't forget F, G, & H! Navigating the business world is hard enough without worrying about how to fill out a tax return. And why should...


Before the ball drops: Don't drop the ball!
We only have a few days left in 2016. If you wait until next year, you can miss out on valuable opportunities to lower your tax bill. Why...


Requesting transcripts from the IRS: not as scary as it sounds!
Record-keeping may not be your strong suit. Luckily, the IRS keeps records for you. The IRS collects information throughout the year from...


Time is Money
"A stitch in time saves nine." ; "Haste makes waste." Most of us are reactive when it comes to our finances and taxes (and many other...
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