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Cook CPA Group

How Do You Calculate Depreciation on Business Equipment?

Every year, businesses have to take over the challenging task of tracking their assets and calculating their depreciation in preparation for their tax returns. For many businesses, taking care of this complex process can be extremely difficult, especially when other...

What Are Qualified Research & Development Expenses in CA?

Every year, many companies dedicate time, resources, and effort to developing new technologies to better their businesses. Depending on the company, the resources put into these projects can carry extra weight for a company. Fortunately, there are ways your company or...

Who is Eligible for the FICA Tip Credit in California?

Restaurant owners or entrepreneurs working in the food and beverage industry can have an opportunity to save money on their taxes by filing for a FICA tip credit. Filing for this specific federal program can help restauranteurs receive different tax benefits. However,...

What Are the Standard Tax Deductions in California for 2021?

Every year, millions of taxpayers have the opportunity to apply what is known as the “standard deduction” to their taxes. This deduction allows many households with specific income thresholds to lower their taxes paid to the IRS. Many people have the opportunity to...

Does California Have a Late Tax Filing Deadline in 2021?

Tax Day 2020 has come and gone. However, California offers taxpayers an automatic tax-filing extension, which grants additional time to file a state tax return. Read on to learn more about due dates to file California taxes, due dates to pay California taxes, extended...