New Per Diem Business Travel Rates Kicked in on October 1
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into reviewing business travel expenses. There may be a way to simplify the [...]
Tech Tuesday: Microsoft Lens, A Game-Changer for Business and Accounting
In today's digital age, the transition from physical to digital documents is inevitable. Whether we talk about business contracts, receipts, or tax documents, the ability to quickly digitize and share documents is a necessity. Enter [...]
For California Storm Victims, IRS and California FTB Postpones Tax-Filing and Tax-Payment Deadline to November 16th.
This morning, the IRS extended tax deadlines for most California residents to Nov. 16, 2023, due to recent natural disasters. This relief covers multiple 2022 tax returns, payments, and other time-sensitive actions, and it automatically [...]
Business Automobiles: How the Tax Depreciation Rules Work
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger [...]
A Refresher on the Trust Fund Recovery Penalty for Business Owners and Executives
One might assume the term “trust fund recovery penalty” has something to do with estate planning. It’s important for business owners and executives to know better. In point of fact, the trust fund recovery penalty relates [...]
The Tax Implications of Renting Out a Vacation Home
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in a resort area, you may want to rent it [...]
How IRS Auditors Learn About Your Business Industry
Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides (ATGs). A [...]
Important Reminder on Mandatory e-Pay and S-Corporation Pass-Through Entity Tax
We hope this message finds you well. As we navigate through the financial year, we would like to draw your attention to some significant updates from the California Franchise Tax Board (FTB) that might impact [...]
Important Reminder for 2022 & 2023 Deferred Tax Payments Due to California Flood Relief
As a friendly reminder, please note that for California residents who took advantage of the tax payment deferral provided by California flood relief, the deferred tax payment deadline is approaching on October 16th. For those [...]
Best Place to Work in the North Bay: Thank You!
Thank you for your continued support and trust in Linkenheimer LLP CPAs and Advisors. We are thrilled to announce that we have been named one of the Best Places to Work in the North Bay [...]