INSIGHT

Updated 2019 Tax Filing & Payment Dates

The IRS announced last week that the Federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.  Taxpayers can also defer Federal income tax payments due on April [...]

By |2020-03-24T15:19:29+00:00March 24th, 2020|Corporate Tax, Individual Income Taxes, Tax and Auditing|Comments Off on Updated 2019 Tax Filing & Payment Dates

Update from Ken Sousa & Rich Weber

Sousa & Weber is continually monitoring, reviewing and managing our response to the evolving COVID-19 situation.  Ongoing reviews include managing the current and potential impacts on our people, client services, office locations and operations. Due [...]

By |2020-03-25T19:42:28+00:00March 24th, 2020|Sousa & Weber News, Tax and Auditing|Comments Off on Update from Ken Sousa & Rich Weber

Impact of New Ruling on Drop and Swap Exchanges

Great news for business owners in California: As of January 28, 2020, the Franchise Tax Board’s Office of Tax Appeals (OTA) denied the appeal of Sharon Mitchell case that would prevent “drop and swap” exchanges. [...]

By |2020-02-25T23:04:24+00:00February 25th, 2020|Corporate Tax, Legal Issues|Comments Off on Impact of New Ruling on Drop and Swap Exchanges

What You Need to Know About Multi-State Income Taxation

Filing state income tax returns is usually uncomplicated if you live and work in the same state during the entire calendar year, and have no income sourced from a state other than the state in [...]

By |2020-01-31T22:19:10+00:00January 29th, 2020|Corporate Tax, Individual Income Taxes, Tax and Auditing|Comments Off on What You Need to Know About Multi-State Income Taxation

Preparing to Sell a Small Business

Selling your small business can be financially and personally rewarding. However, selling a business is an intricate undertaking. Many business owners are not familiar with the complexity and possible tax implications of a sale. Preparation [...]

By |2019-12-30T23:36:12+00:00December 14th, 2019|Business Consulting, Small Business|Comments Off on Preparing to Sell a Small Business

Becoming DCAA Compliant

The federal government is committed to supporting businesses by taking steps to ensure that government contracts are awarded to companies of all sizes. A critical part of government contracting is making sure your business accounting [...]

By |2019-10-31T14:12:24+00:00October 31st, 2019|Business Consulting, DCAA Accounting, Tax and Auditing, Tax Compliance|Comments Off on Becoming DCAA Compliant

Understanding Financial Statements

As a business owner, you want to build the best foundation for success. Whether that means acquiring a loan, bringing on investors and raising capital, or understanding the financial dashboard of your business, it’s critical [...]

By |2019-10-08T23:46:23+00:00October 8th, 2019|Accounting Tips, Business Consulting, Small Business|Comments Off on Understanding Financial Statements

What’s the difference between a CPA and a CFP?

“How much do I need to save for retirement?” “Do I need to invest money in a 529 plan to save for college?” These are examples of the types of questions that we are often [...]

By |2019-09-09T22:06:30+00:00September 8th, 2019|Accounting Tips, Individual Income Taxes|Comments Off on What’s the difference between a CPA and a CFP?

Conversion from a C Corp to an LLC

While a conversion from a C Corp to LLC status can have a high tax cost, in some cases, such a conversion can be beneficial. Why convert? Converting from a C corporation to an LLC [...]

By |2019-06-18T01:52:39+00:00June 18th, 2019|Corporate Tax, Corporations, Grow Your Business|Comments Off on Conversion from a C Corp to an LLC
Sousa & Weber will continue to provide uninterrupted services during the COVID-19 matter.Read more