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Cook CPA Group

2018 Small Business Tax Changes Under the Tax Cuts and Jobs Act (TCJA)

In December 2017, Congress passed a major tax reform bill known as the Tax Cuts and Jobs Act, or TCJA. The new tax law makes many changes to the tax code, some of which impact individual taxpayers, while others primarily affect businesses. If you currently own a small...

What Employee Benefits Are Tax Deductible Under the TCJA?

Various tax breaks are available for businesses that provide certain benefits to their employees, such as meals and moving expense reimbursements. However, many of these employee benefit tax deductions and credits have been changed – and in some cases, totally...

How Do the 2017 Trump Tax Reforms Affect Business Entity Selection?

In December 2017, Congress passed a landmark tax reform law known as the Tax Cuts and Jobs Act (TCJA). The TCJA makes major changes to numerous elements of the Internal Revenue Code (IRC), including IRC provisions that impact business entities in California. These...

Tax Filing Requirements for Dependents in California

Every taxpayer wants to save as much money on their tax bill as possible. Claiming a dependent may make it easier to reach that goal. If you have a child, or if you provide care for an elderly or disabled family member, you may be able to save on your taxes by...

2018 Tax Deadlines and IRS Due Dates

Most years, the deadline to file a federal income tax return is April 15. The 2018 tax filing deadline was pushed back to April 17, due to the timing of Emancipation Day. However, while it is certainly one of the most important, the April 15 (or April 17) tax deadline...