3 Last-Minute Tips That May Help Trim Your Tax Bill
If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you cut your taxes before [...]
Do You Have a California Business That Collects Sales Tax?
California businesses that collect sales tax from customers must correctly report the sales and remit the tax on time or face a possible 25% fraud penalty. The CA Dept. of Tax and Fee Administration (CDTFA) [...]
Medical Expenses: What It Takes to Qualify for a Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to [...]
Minimum Wage Raised in City of Petaluma
A local minimum wage raise is coming for employees of the City of Petaluma. Effective Jan. 1, 2020, the hourly minimum wage rate for employers with 26 or more employees will be $15.00, and $14.00 [...]
2 Valuable Year-End Tax-Saving Tools for Your Business
At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help [...]
Wishing All a Happy Thanksgiving
Here at Linkenheimer, we want to say thank you to our clients and community, who have given the opportunity to serve you over the past year. We say that "we want to change lives locally and [...]
Bridging the Gap Between Budgeting and Risk Management
At many companies, a wide gap exists between the budgeting process and risk management. Failing to consider major threats could leave you vulnerable to high-impact hits to your budget if one or more of these [...]
The Tax Implications if Your Business Engages in Environmental Cleanup
If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as ordinary and necessary business expenses. Of course, you want to [...]
What is Your Taxpayer Filing Status?
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you [...]
Affected by the Power Outages? Tax Relief May Be Available.
Some tax relief is available for California taxpayers affected by the frequent power shutoffs that plague the state. The CA Franchise Tax Board is advising taxpayers impacted by the safety-related power blackouts that began in [...]