I have a client with an S Corporation. His CPA told him to pay himself (on payroll) very month 65% of his net income. When I wanted to run the P&L I noticed there's a $1500 difference between accrual basis ...

In California, salaries must be paid at least twice during each calendar month. Wages earned between the 1st and 15th days, inclusive, of any calendar month must be paid no later than the 26th day of the month during ...

When I am working with clients I often find they are not taking taxes seriously. Meaning they are not planning for them ahead of time in order to be able to pay them at the end of the year even ...
  1. Hi there I have been in this profession for over 18 years and I have clients who have been with me for 13 years and still do not review their financials and do ... Read more