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Squar Milner

Anxious man in a coffee shop | IRS Fresh Start Program
Tax
September 13, 2019

Have Significant Tax Debt? The IRS Offers a Fresh Start Program

Life is full of unexpected moments and changes that can have a dramatic effect on your life. Some may inhibit your ability to pay the money you owe the Internal Revenue Service (IRS). For filers…
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Mother and Daughter Happily Baking Together | Claim Your Parent as a Dependent to Maximize Tax Breaks
Tax
September 11, 2019

Claim Your Parent as a Dependent to Maximize Your Tax Breaks

The Tax Cuts and Jobs Act (TCJA), passed in 2017, eliminated or modified a number of provisions. However, in their place, the TCJA created new options to reduce taxable income or tax liability. Provisions related…
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News
September 10, 2019

The Future Of Boy Scouts In Orange County

Squar Milner Financial Services' own Deborah L. Harrington will become the first ever female chair in the 100 year history of the Orange County Council, Boy Scouts of America. Check out her article in the…
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Row of Buildings in New York - Deciphering the Qualified Business Income Deduction as it Relates to Rental Real Estate
Tax
September 9, 2019

Deciphering the Qualified Business Income Deduction as it Relates to Rental Property

The passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 instituted a new section of the Internal Revenue Code (IRC). Section 199A introduced the 20% qualified business income (QBI) deduction for certain…
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LLC vs. S Corp: A Closer Look at LLCs and S Corps in California
Consulting
September 4, 2019

California LLC vs. S Corp: A Closer Look at LLCs and S Corps in California

For a long time, small business owners elected to operate their business as an S corporation (S corp) due to the many tax advantages. An S corp carries limited liability for owners and no double…
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Wayfair and Out of State Sales Tax: One Year Later
Tax
September 3, 2019

Wayfair and Out of State Sales Tax: One Year Later

With over 10,000 sales jurisdictions across the United States and the ever-increasing amount of online retailers, sales tax – especially across state lines – is a topic becoming more and more relevant. This holds true…
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Discontinued Operations
Tax
August 29, 2019

Discontinued Operations: Simplifying the Process

In general, financial reporting focuses on the results of continuing operations. However, sometimes businesses sell or end a product line or another component. If such a transaction satisfies certain criteria under U.S. Generally Accepted Accounting…
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Cryptocurrency Taxes and the Potential IRS Crackdown
Tax
August 27, 2019

Bitcoin, Taxes and the Potential IRS Crackdown

Since the launch of Bitcoin in 2009, it and other virtual currencies are gaining popularity. As of February 2019, there were over 17.53 million bitcoins in circulation with a total market value of approximately $63…
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Critical Audit Matters: The Most Important Change to Audit Reporting
Audit
August 22, 2019

Critical Audit Matters: The Most Important Change to Audit Reporting

In June 2017 the Public Company Accounting Oversight Board (PCAOB) issued perhaps the single most meaningful change to the auditor’s report since the 1940s. The new PCAOB auditing standard, dubbed AS 3101, includes the communication…
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Capitalizing on Your Home Office Deduction
Tax
August 19, 2019

Capitalizing on Your Home Office Deduction

With the rise of technology, we are able to email, file share, video conference and more without ever having to step foot in a traditional office setting. Between technological advancements and greater self-employment opportunities in…
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