Cook CPA Group

What Are the Standard Tax Deductions for 2018?

Despite causing some controversy in Congress, H.R. 1, which is better known as the Tax Cuts and Jobs Act (TCJA), was signed into law by President Trump in December 2017. The TCJA, which promised some of the most sweeping tax reforms in decades, left portions of the...

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Tax Filing Mistakes to Avoid on Your 2017 Return

Tax Day 2018 is right around the corner: Tuesday, April 17. With the deadline to file a federal income tax return counting down, millions of taxpayers – yourself possibly included – are racing to ensure that their returns are prepared properly and submitted on time....

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5 Signs You May Need a 401(k) Audit

If you wish to avoid costly penalties that can slow down your business and hurt your bottom line, it is critical to ensure that your company satisfactorily meets all 401(k) plan requirements, which are established by the Internal Revenue Code (IRC) and federal laws...

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3 Accounting Tips for Dentists in California

Though industry figures vary by year, most statistics indicate that there are more dentists practicing in California than virtually any other state in the country. This often equates to stiff competition between dental practices, underscoring the importance of...

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4 Accounting Tips for New Startups in California

Congratulations on making the decision to start a small business in California. Few endeavors are more exciting or rewarding, but entrepreneurs beware: in a heavily regulated state like California, businesses are required to keep extremely detailed financial records,...

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