CB Bookkeeping and Tax services

https://calendar.app.google/UG8RfdEG8WUHnYo79

CB Income Tax - Carlos D. Benedetti

It's official , the first $10,200.00 of unemployment are non taxable. If you already filed your 2020 tax return you might want to Amend the return to remove $10,200.00 of unemployment income. This might result in an additional $1,000.00 refund.

H.R.1319 - 117th Congress (2021-2022): American Rescue Plan Act of 2021 Summary of H.R.1319 - 117th Congress (2021-2022): American Rescue Plan Act of 2021

How to Obtain the Employee Retention Tax Credit (ERTC) Under the Second Round of Covid Relief (Updated)

How to Obtain the Employee Retention Tax Credit (ERTC) Under the Second Round of Covid Relief (Updated) You might be surprised that you qualify, so don't leave money on the table!

While some second round Economic Impact Payments may still be in the mail, the IRS has now issued all first and second Economic Impact Payments. Didn’t receive a payment? You may be eligible to claim the Recovery Rebate Credit.

ATTENTION DACA AND TPS HOLDERS:

Stimulus checks will be available to DACA and TPS recipients (and other similarly situated immigrants) who can establish that they meet certain IRS requirements showing substantial presence in the U.S. for tax purposes.

repost

Paycheck Protection Program An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

This Grant is for any CA Small Business but specially for Hair salons,nail salons,etc... more info on link below:

New deadline to apply is January 13th,2021 11:59pm.

https://careliefgrant.com/wp-content/uploads/2021/01/FOR-WEBSITE-ONLY-CRG-All-Businesses-Program-and-Application-Guide-Public-1.pdf

It's Business Tax Renewal Time (Again)!

Renew by March 1, 2021 to avoid penalties
and take advantage of possible EXEMPTIONS.

Dear City of Los Angeles customer:

All businesses are required to file an annual tax renewal regardless of whether or not your business generated revenue for that tax year. Filing your renewals timely avoids late penalties and fees and also ensures that you can take advantage of all available tax credits and incentives. Business tax exemptions such as Small Business with global gross receipts less than $100,000 and Creative Artist require timely filing of renewals.

https://www.google.com/amp/s/www.marketwatch.com/amp/story/furious-turbotax-and-h-r-block-customers-are-waiting-for-their-600-stimulus-check-and-demanding-to-know-why-theyre-delayed-11609875765

Furious TurboTax and H&R Block customers demand their $600 stimulus — IRS says some checks were sent to inactive bank accounts As 2021’s first week kicks off, funds from the second round of stimulus checks are starting to become available — but not necessarily for some H&R Block and...

Now you can download TaxPass App upload your documents and we will do the rest. Info below and QR Code to identify us.

Apple app: https://apps.apple.com/us/app/taxpass/id1256036789?ls=1

Google Play App: https://play.google.com/store/apps/details?id=com.crosslinktax.taxlink&hl=en

With TaxPass, you are able to start your tax return, upload and submit your W2s and other supporting documents to your tax preparer within a matter a minutes, communicate with your tax preparer, and much more – all in a secure environment that protects your private data.

- Start your tax return

- Share documents with your professional tax preparer

- Submit your signature remotely

- Message your professional tax preparer

- Receive messages from your professional tax preparer

- Check the status of your tax return

- Check the status of your refund

- And so much more…

Mobile App Code for User ID 65669

98APNAJJ

How to save the QR Code
PC: Right click, then save image as...
Mac: Click and hold, then save image as...
Mobile Device: Long press, then download image.

Don't miss out on the California Small Business COVID-19 Relief Grant Program.

Here is the big picture: https://business.ca.gov/applications-for-500-million-in-grant-funding-for-small-businesses-now-available/

In Summary: GRANT AMOUNTS

The amount of grant funding ranges from $5,000 to $25,000. Businesses are eligible based on their annual revenue as documented in their most recent tax return:

Eligible Businesses Annual Revenue Grant Amount Available Per Business
$1,000 to $100,000 $5,000
Greater than $100,000 up to $1,000,000 $15,000
Greater than $1,000,000 up to $2,500,000 $25,000

You can apply here free of charge or you can contact us for assistance:https://thecenter.mylendistry.com/grant

Application deadline is January 08th,2021 at 11:59pm.

Welcome all to 2021.Our new hours are Monday Thru Saturday 9am-8:30 pm and Sundays by appointment only.Please call before coming into our office so that we can manage the amount of people allowed in our premise as per COVID-19 Health business compliances and for the safety of our clients and staff.

Also, we will be working with drop off and pick in in an hour service and we will text you when your taxes are ready for pick up.

In addition you can always email me all of your documents to : [email protected]

Thank you and have a great first Monday of the year!!

-CB