Posts by elitecpas
Identity Theft – Part III
In parts one and two of our ID Theft series, the focus was on an outsider taking your money. Today our guest editor, Judge Kathy Brown Valencia, focuses on a different aspect of ID theft. What if a member of your business team uses ID Theft to place the blame on your business? We urge…
Read MoreAdvanced ID Theft – How they do it
When it comes to protecting ourselves from ID theft, our problem is that most of us don’t think the same way that a criminal does. Good legal advice becomes vital because an attorney who has presided over such cases can share some of the methods that ID thieves may use. Our guest editor this week…
Read MoreRMDs made PDQ
This subject reminds of a famous line from the movie Jurassic Park. “Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should.” So even though you could access your IRA account in a tax-advantaged way, you should be careful about raiding your retirement funds except for…
Read MoreThe worst kind of ID theft
Although we’re very good at tax and accounting, when it comes to legal matters, it always pays to consult a good attorney and, in this case, a sitting Magistrate Judge. Judge Kathy Brown Valencia is our guest editor this week. She serves as Magistrate Judge, Post 2 (county-wide), and is the incumbent candidate for the…
Read MoreYour stimulus check- how to make sure IRS gets it right
Most of us are a little doubtful of the IRS’ ability to get things exactly right especially with the rebate being partially phased out as your income goes up. If you’d like a method of double-checking the government’s calculation of your soon to be coming stimulus check, feel free to use our calculator below. Just…
Read MoreEIDL vs PPP Loans from the SBA
Among all the talk of this and that SBA loans to help business activities, we thought we’d cut through the clutter of acronyms. For background information, read this post first to understand the basics. First of all, an EIDL (Economic Injury Disaster Loans) isn’t new. It’s an existing program administered through the Small Business Administration…
Read MoreSBA Loans – What’s the difference?
It seems as though every business has an interest in obtaining some help from the SBA. While the process is complicated, the options are not. To help you decide which type of loan you may need, we offer the summary below. Bear in mind that this is not a DIY project. We’re here to help.…
Read MoreSBA Disaster Loans- Are they right for your business?
Due to the Coronavirus problems, we’ve received a bunch of questions from business owners about SBA Loans. The slide show below will walk you thru: Who can qualify, What are the requirements, What are the terms, and how we can help you apply [SlideDeck id=15802]
Read MoreSmall Business Alert!
Don’t fall for newest IRS scam
Read MoreThe truth about price-cutting- it’s not what you think
Sales are down, so we need to cut prices right? Not necessarily! The truth illustrated in the video below shows that price-cutting is almost never the way to grow profits. The video shows that, at a 35% profit margin, a 10% price cut means you must increase sales by 40% just to stay even. Hard…
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