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Cook CPA Group

Cryptocurrency Tax Reporting Requirements

Cryptocurrency has become a very popular way to invest in securities. Additionally, cryptocurrency can also be used as currency for a number of online purchases. However, new investors in cryptocurrency may not completely understand the tax burdens associated with...

The Types of Financial Statement Audits in California

Before providing a financial statement to another party, a company will want to ensure that a financial statement has thoroughly been examined. That is why many companies elect to work with an experienced business CPA to perform a financial statement audit to ensure...

Why Do I Still Owe Money to the California Franchise Tax Board?

Tax season is often a stressful time whether you are filing an individual tax return or whether you need to file a business tax return. Many taxpayers have difficulty determining why their taxes may appear so high or what tax regulations apply to their specific...

Are Services Subject to Sales Tax in California?

When conducting business in California, you should be aware of when you have to calculate sales tax. If a business owner fails to calculate sales tax on certain services, they could face a number of stiff penalties from the IRS and the California Franchise Tax Board....