Thompson Accounting

04/04/2020

Lots of resources and a ton of information coming out related to the CARES Act and how it affects small businesses. Visit the SBA website to learn more!

Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

03/20/2020

Yet another change. Tax filing is now also pushed out to July 15th along with the payment due date. We will continue to work remotely to make sure your taxes are filed in a timely manner. We hope that everyone is staying healthy and safe during this difficult time.

The Trump administration will push the income tax filing date to July 15 from April 15, Treasury Secretary Steven Mnuchin said Friday in a tweet.

03/17/2020

We have been waiting for this! Most taxpayers will have an extension to July 15th! We hope everyone is staying healthy and safe during this difficult time.

The IRS will waive interest and penalties, making the delay available to people who owe $1 million or less and corporations that owe $10 million or less.

03/15/2020

In light of the current situation, we will be changing all in person appointments to phone appointments. Additionally it appears that the state income tax filing deadline for those affected by the outbreak in California has been extended to June 15. We will keep you posted on the latest information as it unfolds. Edit: adding the website for reference. https://www.ftb.ca.gov/about-ftb/newsroom/news-releases/2020-2-more-time-to-file-pay-for-california-taxpayers-affected-by-the-covid-19-pandemic.html

02/12/2016

During tax season we can sometimes feel like the IRS is out to get us. You may be surprised to know that there is a Taxpayer Bill of Rights. Check it out on the IRS website:

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them.

01/08/2016

It's a new year and those tax forms from 2015 are going to start rolling in. Now is the time to think about whether you need a professional to help you out.

Doing your own taxes can be stressful and time consuming, but is it worth the cost to hire a professional tax preparer? Consider these things as you decide.

07/21/2015

New CA Supreme Court ruling that couples must be living physically apart in order to be legally separated. This is a big change from the current practice and could have a huge effect on reimbursement claims, spousal support, and property division just for starters.

Cal. Fam. Code 771(a) provides that the “earnings and accumulations of a spouse…,while living separate and apart from the other spouse, are the separate property of the spouse.” On December 30, 2008, Wife filed for dissolution of her marriage from Husband. Wife listed the date of their separation as…

02/12/2015

Tax season is upon us, time to make sure you have all the documents you need.

January 14, 2013 by Thompson Accounting 2 Comments What Do You Need To Have Ready Before Meeting With Your Tax Preparer? Most likely your tax preparer will provide you with an organizer to help you gather documents and get them in order for your appointment. Review the first few pages and make sure…

01/12/2015

Check out this great seminar. Free to CalCPA members and a bonus of Continuing Education. We hope to see you there!

SVSJ Emerging Executives Group: Does Your Thinking Limit Your Success? | N2110115Date: January 14, 2015Event Start time: 5:15 pm End time: 7:00 pmLocation: San Jose AreaInstructor(s):Betty Jo Waxman Facility: Petrinovich Pugh & Co LLPGet Directions

12/02/2014

We will be hosting an Open House on Thursday December 4 from 4-7 pm. Feel free to stop by and say hi.

11/17/2014

We are getting several calls from our clients about this. Remember the IRS will never call you on the phone or send you an email to ask for money.

A scam that started ripping off taxpayers last year is spreadin. Here's how to avoid it.