vanderbiltUPDATED 6.12.23 To read the IRS Tweet in reply to the erroneous letter sent to taxpayers CLICK HERE Dear Clients and Friends,Some of you that have already filed your 2022 tax returns and have a balance due may have received a notice from the IRS requesting payment earlier than the 10/16/23 date noted on the filing […]
It is with great sadness that we share the passing of our beloved office pup, Stiggy “The Shredder” Negrete. Also known as Mr. Stiggs, Stiggy-pants and the Stig-meister. Stiggy was adopted by his hooman family in October 2016 and quickly became a pup of legends on the Vanderbilt CPA’s team helping to keep their stress […]
UPDATED 6.7.23 What are the affected Counties?All Counties in California EXCEPT FOR: LASSEN More information on SHASTA & MODOC county due dates can be found HERE Below information was last UPDATED 3.3.23 Dear Clients and Friends, IRS and the FTB have agreed to postpone all filing and payment deadlines for taxpayers in affected California counties […]
*UPDATE*: As of 1.13.23, the California Franchise Tax Board HAS NOW conformed to the extension. US updated Information: CLICK HERE CA updated Information: CLICK HERE (below information current as of 1/13/23) Dear Clients and Friends, Good news! The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for […]
How to Give and Benefit Below are some strategies that we at Vanderbilt CPAs would like to share with you to help maximize the benefit of charitable giving during this holiday season. Keep in mind that the below are brief summaries of strategies – as with most tax planning we recommend meeting with a trusted […]
Vanderbilt CPAs is excited to announce Carmine Lepiane as our newest shareholder and Chief Operating Officer! Carmine truly fell in love with tax at Vanderbilt CPAs and has been vital in the growth and success of the firm since he joined this dynamic team in 2014. From his first day he has worked hands on […]
Covid-19 Relief Package PPP Provisions Dear Clients and Friends, There is much to unpack in this bill that is currently on the President’s desk awaiting his signature. He said he would sign, hopefully we are not jumping the gun with this eblast. We are focusing on the PPP provisions today. Spoiler alert – YES expenses paid with PPP proceeds WILL BE DEDUCTIBLE ON YOUR TAX RETURN! The […]
Dear Clients and Friends, Now that the 2020 general election is mostly over, it’s time to consider what federal tax changes President-elect Biden would like to see for 2021 and beyond. Even if the Democrats gain control of the Senate by winning both runoffs, the odds of dramatic tax reform may still be low. Some Democratic Senators, who […]
Dear Clients and Friends, Numerous recent headlines have shone the spotlight on the distribution of the first round of PPP funds to large restaurant chains including Shake Shack, as well as other prominent public and private companies. Many have questioned the propriety of the eligibility requirements and impugned the integrity and ethics of many organizations that have […]
Dear Clients and Friends, Here is a good flowchart that helps to understand and differentiate the SBA loans available. Many business owners are focused on the PPP (Paycheck Protection Plan) loan, it is potentially much larger than the EIDL (Economic Injury Disaster Loan), capped at $10,000. BUT, the EIDL (Economic Injury Disaster Loan) can be applied for online in […]