Blog
How United States Small Businesses Should Handle A Crazy Customer
We're keeping our powder dry over here at Sacramento Tax Resolution, as it relates to the "American Rescue Plan'' proposed by Biden. There's plenty of talk about it ... but as of yet, nothing has passed.I prefer to live in the world of what *is* -- instead of...
Mike Ornelas’ System To Turn Upset Clients Into Happy Clients
I am simultaneously eager while also being slightly horrified that tax season has officially begun.Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can't believe that we're already halfway through February 2021.EAGER...
Measuring Key Numbers In Your United States Business And Developing Accountability
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg):AOLBlockbusterRadio ShackCircuit CityCompUSASearsHotJobsYahooVoiceStream WirelessGateway ComputersThe year was...
Four Key Points If You Find Yourself Owing the IRS Money by Mike Ornelas
For many United States small business owners, and families, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due.After all, there is a backlog of notices that the IRS is STILL...
A Checklist For United States Business Owners’ For 2020 Personal Income Taxes
So, last week I ran through the (rather incredible) selection of NEW and/or extended tax credits available for United States business owners.That's just the tip of the iceberg though.But this is the great thing about working with business owners in tax strategy ... we...
Six Options For United States Small Business Aid And Tax Savings
My goal today is to simplify your options.There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what's being made available to you and other United States small business owners by the...
My United States Small Business Health Quiz (Part 2)
Let's start today with a couple questions I've been getting here at Sacramento Tax Resolution from our United States small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses.If I received the...
My United States Small Business Health Quiz (Part 1)
Last week, when I wrote my message to our United States business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the "mere"...
IRS Audits Planned To Increase 50% In 2021 by Mike Ornelas
So, this is flying under the radar in the ending of 2020 ... an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened Tuesday:“The...
Provisions of the Second Coronavirus Relief Bill That Affect United States Small Businesses
Wow, does it ever feel good to have turned the page on 2020. This first "working week" is when I finally began to feel the newness of it all.Yes, it's "just a date" on a Gregorian calendar, but ...2021 holds great promise for our West Sacramento business clients. With...
Ultra Last Minute Tax Moves for United States Businesses
It's going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it's unlikely that we will be able to make substantive action on your...
Mike Ornelas’ Annual Holiday Prayer
Well, Congress seems to have heard the cries of the huddled masses of SMB's around the country, and more PPP funding is (seemingly) on the way.Details aren't finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even these early...