Tax Rules for Hybrid Travel

Wondering about combining business and leisure on your next getaway? Tax rules for hybrid travel can help you achieve the benefits of claiming business expenses while also enjoying some personal downtime while away. The term “bleisure” was widely adopted and used prior to COVID-19 but has suffered since with the lack of travel. Many millennials… Continue reading Tax Rules for Hybrid Travel

Cryptocurrency Taxes and Your Business

business, cryptocurrency and future technology concept - close up of male hand holding smartphone with virtual bitcoin symbol hologram over black background

If it hasn’t happened yet, rest assured that it will. Sooner or later, a customer will want to pay you in cryptocurrency, or an employee is going to ask to be paid in Bitcoin or some other cryptocurrency. If like many southern California small business owners, you haven’t completely wrapped your head around crypto and… Continue reading Cryptocurrency Taxes and Your Business

Did You Trade Cryptocurrency in 2021? If So, You May Owe Tax

Whether you are involved in cryptocurrency or not, it is certainly part of our current financial environment and one we need to consider in our business and personal transactions today. Before jumping into cryptocurrency, be sure to do your due diligence as there’s a great deal to learn about it. Check these facts about crypto:… Continue reading Did You Trade Cryptocurrency in 2021? If So, You May Owe Tax

Tax Write-Offs For Self-Employed: Don’t Forget These!

Are you among the roughly 16 million Americans who are self-employed? Surprisingly, according to a Dartmouth survey, 70.8% of Americans say they would prefer to be self-employed, yet only about 7% are. While there are advantages, particularly in personal freedom and direction, there are daunting challenges working for yourself. The pressure is always on to… Continue reading Tax Write-Offs For Self-Employed: Don’t Forget These!

2021 Tax Time Services: Individuals, Trusts, and Business

It is tax time again, and you may have noticed we have made some big changes. Sterling Tax Group is now part of William Rogers Company, known as Sterling Tax Advisors. We specialize in servicing the tax needs of Individuals and Trusts. Business Entities work with ASCEND Business Advisory, a business division of William Rogers Company.… Continue reading 2021 Tax Time Services: Individuals, Trusts, and Business

Your 2021 Year-End Checklist: Strategy, Taxes, and More

Year-end has always been a hectic and sometimes chaotic time for businesses large and small. In the second year of a pandemic, we witnessed a shift in the global economy, crazy consumer demands, and a damaged supply chain. It would be easy to overlook the reviews and planning necessary to prepare for 2022. As a… Continue reading Your 2021 Year-End Checklist: Strategy, Taxes, and More

Booking Business Travel Again? Know Your Deductions

The travel industry in general and airlines specifically took a massive hit during the COVID-19 pandemic. With major cities in lockdown and strict restrictions on hotels and restaurants, “business travel” was accomplished virtually on smartphones or laptops. Now that vaccines have allowed a loosening of restrictions, traditional business travel is once again an option. Among… Continue reading Booking Business Travel Again? Know Your Deductions

Your 2021 Small Business Tax Filing and Preparation Guide

If you’re a small business owner in California, you know what every small business owner knows– that you have to do taxes. Taxes certainly aren’t fun, but they don’t have to be so hard. It may seem daunting, especially if you’re a new small business, but preparation and filing are more simple than you might… Continue reading Your 2021 Small Business Tax Filing and Preparation Guide

The ASCEND Small Business Coronavirus Survival Plan

It’s only been a few weeks of this coronavirus pandemic. But it feels like a decade since it started. Many business owners have been affected by official orders, have seen customers disappear and are fearful of their future. It’s time to start taking action and doing what we can to make it through this. To… Continue reading The ASCEND Small Business Coronavirus Survival Plan

How to Minimize Your Small Business Taxes: It’s Time to Prepare

Tax preparation is the best way to minimize your small business taxes. Whether it is done by tax professionals or you do it yourself, you want to organize your documents and update your tax strategy, so that you can take advantage of tax policies designed to save your hard-earned profits. Business Formation and Taxes The… Continue reading How to Minimize Your Small Business Taxes: It’s Time to Prepare