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Cook CPA Group

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...

What is the Deadline for a Filing 401k Audit in California?

For any business, reporting to the Internal Revenue Service can be a cause for concern, to say the least. Add the Department of Labor to the mix, not to mention the Employee Retirement Income Security Act of 1974 and a host of tax regulations, and the situation can...

How Often Should Your California Business Perform Internal Audits?

Internal audits are an essential part of any business. They keep employees on their toes about the processes that are used for particular tasks and opens up a dialogue about how to continue to improve how the company operates. Internal audits can also help you address...

When is a 401k Audit Required in California?

Handling the 401(k) administration for several workers can be a heavy burden, especially when it is time to conduct a 401(k) audit. However, it is important that this process is done carefully and correctly to avoid an unwanted external audit. Companies that possess a...