Tax Knowledge

Vendor Spotlight October 2021

Vendor Spotlight October 2021 – Mariela and Isaac Salgado, Rug’it Cleaning

Mariela and Isaac Salgado are the proud owners of Rug'it Cleaning. They have years of experience providing quality residential and commercial carpet cleaning, area rug cleaning, upholstery cleaning, tile & grout cleaning and natural stone cleaning and polishing.

Newsletter – October 2021

Newsletter – October 2021

Exemptions from minimum franchise/annual tax

(3.5-minute read)

FTB notices may lead taxpayers to pay the tax even though they are exempt.

Recently we’ve seen clients receiving notices and information from the FTB stating that they owe the $800 minimum franchise/annual tax even though they qualify for an exemption. This seems to be occurring in two different scenarios:

September 2021 - Ying Wang, Financial Advisor

Ying Wang, Financial Advisor

Ying has been in the Financial Service industry since 2003 and quickly developed a passion for investments as he started trading stocks. After being in retail banking for 6 years, he decided to pursue an Advisor role in 2009 right in the middle of the recession.

Newsletter – September 2021

Newsletter – September 2021

Second Round of Golden State Stimulus Payments Authorized.

The new round is available to taxpayers with AGI of $75,000 or less.

SB 139 authorizes another $8-billion-plus in Golden State Stimulus (GSS) rebate payments to be made to qualified taxpayers who have AGI of $75,000 or less. As discussed below, the amount of the payment is dependent on a variety of factors but is capped at $1,100.

About Us

Our Company specializes in accounting and tax preparation services for a wide variety of clients. We are specialize in tax return filling and tax planning for indivduals, Bookkeeping and financial statements for small business, Corporate tax return filling.
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