Bookkeeping Services, QuickBooks Bookkeeping, 1040, 1120, 1120S, 1065, Trust, Non-Profit tax returns.
El Cid Bookkeeping and Income Tax Services provides financial services to both individuals and businesses. We give the same attention to all clients, no matter how large or small. The accounting, tax preparation, and other financial services we provide are tailored to the unique needs of each client, ensuring the best possible results and maximized returns. Our firm remains on the cutting edge of
07/22/2022
2023 Health Savings Account Limits - New contribution limits are on the horizon Contribution limits for the ever-popular health savings account (HSA) are set for 2023. The new limits increase the amounts you can save and then use to pay for qualified medical expenses with pre-tax dollars.
07/15/2022
Five Reasons Why the IRS Will Audit You The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.
07/08/2022
Retirement Basics: Understanding Tax Efficiency Managing your taxable income during retirement can be complicated. Social Security retirement benefits, retirement plan distributions and supplemental income can quickly impact the amount of tax you must pay. Here is something to consider.
07/06/2022
Client Update Newsletter: July 2022 The recent run of inflation is causing many people to rethink how to save and where to spend. In this month’s newsletter, there is a recap of the traditional role of how your bank accounts work together to provide a valued resource to handle your funds. There's also a great article on how to i...
07/01/2022
IRS Announces NEW 2022 Mileage Rates - New rates begin in July The Standard Mileage Rates for 2022 just got higher.
06/24/2022
NON-Retiree Retirement Ideas - Want money when you retire? Here are some tips. Retirement planning and tax planning go hand in hand. Here are five great planning ideas on how to ensure you have a nest egg when you are ready to retire.
06/17/2022
I'm Being Audited by the IRS! Those dreaded words often lead to lost sleep and simple mistakes that could cost you money. Here are some tips to help you through the IRS audit process.
06/10/2022
Reminder: Second Quarter Estimated Taxes Are Due - Now is the time to make your estimated tax payment If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Wednesday, June 15th.
06/03/2022
Understanding Tax Terms: Pass-through Entities - What everyone should know Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.
06/01/2022
Client Update Newsletter: June 2022 The last thing you may want to do during the summer is start thinking about your 2022 tax return! The best way to lower your tax bill for next year, however, is to start looking for tax cutting strategies as soon as possible. In this month’s newsletter, read about some tax planning tips to hel...
05/27/2022
What's New in 2022 Here are tax law changes that will impact the money you pay for taxes on your individual tax return.
05/20/2022
3 Things to Know About Summer Job Taxes Summer jobs are great for providing extra income, but the taxes can be a surprise if not handled correctly. Here are three tips to help you manage the taxes on your (or you child's) summer earnings.
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