Videos & Articles
SDA CPA is committed to staying up to date on the latest tax trends, news, and legislature, as well as technology and advice to help your business succeed. Check back often for our latest info!
We want to bring the Corporate Transparency Act (CTA) to your attention, a significant regulation that could impact your business. It’s crucial to review this as substantial penalties for non-compliance affect corporations and LLC owners (including real estate holding or small LLCs), among others. Effective January 1, 2024, the CTA requires certain companies to report […]
Have you heard about the enormous tax savings you can reap by investing in a Maltese individual retirement arrangement or utilizing Puerto Rican captive insurance for your business? Before you invest your hard-earned money in these or other highly promoted tax schemes, you should check the IRS Dirty Dozen list. For over 20 years, the […]
The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned, whether through withholding, by making estimated tax payments, or both. You suffer an estimated tax penalty if […]
1099s are due to recipients by January 31st. A list of all vendors who have been paid $600 or more for services or rent payments (not for products) and are unincorporated need to be issued a 1099. Please get a tax ID and address on form W-9 for each vendor to your accountant by January […]
The purpose of this article is to reveal how you can get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are six powerful […]
When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2023 income taxes. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. Here’s the basic gist: Avoid […]
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