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Cook CPA Group

What is the 2021 Tax Filing Deadline for U.S. Citizens Abroad?

Every taxpayer is already aware that U.S. citizens are required to file an annual income tax return with the Internal Revenue Service (IRS). What fewer people realize is that there are also income reporting and tax requirements for U.S. citizens living abroad. If...

What Business Expenses Must be Depreciated in CA?

When operating a business, it is vital for a business owner to thoroughly document their business expenses. Keeping thorough records of your business expenses will make it easier for you to deduct your business expenses. However, it could be difficult to determine...

Tax Incentives that are Available to Wineries in California

Owners of wineries in California have to face competition from a number of other winery companies, so it is important to take advantage of tax incentives that could help the business thrive. However, the operator of a winery may find it challenging to understand and...

Tax Incentives that are Available to Distilleries in California

When operating a distillery, you should seek every tax incentive that is available for your business. However, it could be difficult to determine for the owner of a distillery to determine all the tax incentives that apply to their company. Fortunately, distillery...

Navigating the People Side of Running a Successful Distillery

At the end of the day, a successful distillery is a reflection of the people involved. From investors, to employees, to business partners, a distillery owner needs to know how to cultivate relationships and manage people to truly grow a great distillery.  ...

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...