Thank You!

Encore Partners Insights

Health Savings Accounts for your small business

November 16, 2020

Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA).

California Franchise Tax Board (FTB) Updated COVID-19 FAQs

November 11, 2020

Updated COVID-19 guidance is available from the California Franchise Tax Board (FTB). The FTB has beefed up its Frequently Asked Questions (FAQs) by adding to the Teleworking and the Stay at Home Executive Orders.

Withdrawing cash at a low tax cost

November 9, 2020

Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost.

COVID Closings and your finances Encore Partners CPAs

Is your business closing amid the pandemic?

November 2, 2020

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met.

Divorcing couples should understand these 4 tax issues

October 27, 2020

When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning and advice, some people find divorce to be an even more taxing experience.

Buying and selling mutual fund shares: Avoid these tax pitfalls

October 20, 2020

If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares.

What tax records can you throw away?

October 16, 2020

October 15 was the deadline for individual taxpayers who extended their 2019 tax returns.

Why it’s important to plan for income taxes as part of your estate plan

September 30, 2020

As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax.

The tax rules for deducting the computer software costs of your business

September 28, 2020

Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others?

Business website costs: How to handle them for tax purposes

September 21, 2020

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted.

Tax Implications | Working from home & collecting unemployment

September 18, 2020

Are you fortunate to be working from home because of the pandemic? Or have you lost your job and collecting unemployment due to COVID-19? Both of these situations could have tax implications.