Blog

Cook CPA Group

Can Humans Enjoy the Dog Days of Summer?

Arf! Arf! It’s me, Brennan, the office curator. I’m back at Cook CPA for the summer, writing my blog to give the best advice a dog can. One thing I have noticed about my owner and her associates is that they are very busy during tax season. Many of our clients who are...

What is the Purpose of Bank Reconciliations in California?

The term “bank reconciliation” refers to the process of comparing a business’s internal financial records with external bank records. The purpose of the bank reconciliation process is to determine whether there are any discrepancies, inconsistencies, or anomalies...

Have You Ever Tried Stingray Tacos?

Jake Glaspy, Junior Accountant at Cook CPA, who recently returned from a week long mission trip to Mexicali, Mexico, has. While serving others was the main focus of the trip, Jake also was able to practice his communication skills. Jake has been speaking Spanish for...

Can You Use a 529 Account to Pay Student Loans in California?

If you are exploring options that you can use to assist you in paying off your student loans, you may want to consider using a 529 plan. These plans were first established in 1986 and have since evolved to meet a variety of educational needs. Student loans can be a...

The Tax Rate for Bitcoin in California

Determining your tax liability after engaging in a transaction using Bitcoin can be extremely complicated. It is important to note that the Internal Revenue Service has classified bitcoin and similar virtual currencies as property and not currency. This means the...