Entries by Betty Kim

Important Estimated Tax Payment Deadlines for Q4

As we are fully immersed in the holiday spirit, we want to make sure that you stay on top of your tax deadlines affecting your businesses as well as your personal taxes. Here are the key deadlines we would like to remind you of: December 15, 2022 If a calendar-year C corporation, pay the fourth […]

How savings bonds are taxed

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself. You may wonder how the interest you earn is taxed. And if they reach final maturity, what action do you need to take to ensure there’s no loss of […]

Year-end tax planning ideas for individuals

Now that the tax filing season is all behind us and your taxes are filed, it’s a good time to start taking steps that may lower your tax bill for this year and next. Team Encore is very grateful for your support during yet another brutally demanding tax busy season. One of the first planning […]

Year-end tax planning ideas for your small business

Now is a good time to think about making moves that may help lower your small business taxes for this year and next. The standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely produce the best results for most businesses, as will bunching deductible expenses into this year or next […]

Middle Class Tax Refund Payments for Californians

Happy Friday! Middle Class Tax Refund (MCTR) payments have begun going out to Californian since last Friday. These one-time payments up to $1,050 per household (based on 2020 California “adjusted gross income” on your tax return) aim at providing relief from rising inflation to eligible California residents. An estimated 8 million direct deposits will start […]