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JW CPA
Jan 10, 20230 min read
Before the task delegation, what are some of the things a manager should think of?
As we often hear this in any working environment, “hand over certain to your team, delegate more to team member”, so team members can...
JW CPA
Nov 12, 20203 min read
Business client year end planning
With year-end approaching rapidly, I would like to share with you how we should prepare for a successful year end closing. 1. Please save...
JW CPA
Oct 28, 20202 min read
Third quarter estimated tax payment due September 15
Who should pay quarterly? · Individuals, including sole proprietors, partners, and S corporation shareholders · Who has no regular tax...
JW CPA
Sep 10, 20201 min read
What you want to know about PPP loan
PPP Loan The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on...
JW CPA
Aug 14, 20202 min read
1099-NEC or 1099-Misc ?
Recently, the IRS has released the 2020 form 1099-NEC. The new form replaces Form 1099-Misc for reporting nonemployee compensation(in box...
JW CPA
Jul 7, 20202 min read
Deferral of employment tax and deposit
Recently, IRS announced that CARES act allows employers to defer the deposit and payment of the employer’s share of Social Security taxes...
JW CPA
Jul 1, 20201 min read
Employee or independent contractor?
Small business sometimes struggles with differentiating between employee and independent contractor. IRS recently issued a new...
JW CPA
Jun 24, 20201 min read
Does corporation need to file business tax return?
Some corporation assumed that if there is no sales corporation is not obligated to file 1120. However, per IRS rules, regardless of...
JW CPA
Jun 23, 20201 min read
What does controller do at the beginning?
What can we do to learn about new company in short time to gain a good understanding of the company? A couple of things we can keep in...
JW CPA
Jun 19, 20202 min read
Please make your tax payment by 07/15/2020 to avoid penalty and interest
IRS extended federal tax filing and payment deadline from April 15, 2020 to July 15, 2020 back then when COVID -19 pandemic just stated,...
JW CPA
Jun 16, 20201 min read
Do your business need a controller?
Many small business owners are wondering what is accounting controller position, what are the responsibilities of controller? As an...
JW CPA
Jun 16, 20201 min read
Refundable tax credit - employee retention credit
IRS recently announced a new tax credit, it is called employee retention credit. The employee retention credit is designed to encourage...
JW CPA
Jun 9, 20201 min read
Can shareholder borrow money from corporation?
It is common that sometimes shareholder borrows loan from corporation to take care of their urgent needs. It is fine for the borrowing...
JW CPA
Jun 7, 20201 min read
IRS announced that 2020 Interest rates will decrease for the third quarter of 2020
On June 4, 2020, IRS announced that interest rate will decrease for the calendar quarter beginning July 1,2020. Interest rate is...
JW CPA
Jun 5, 20201 min read
You can efile your amended return in near future
On May 28th, 2020, IRS announced that in late summer, taxpayers will be able to file their amended tax return electronically for the...
JW CPA
Jun 4, 20201 min read
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