environment
How to pay yourself from an S Corp?
But let’s say he operates his business as an S Corp and pays himself a salary of $50,000 while taking $50,000 as a shareholder distribution. In this scena...
Read Journal 
science
Does being separated affect my pension?
However, a Separation Agreement will not give a definite financial clean break nor be able to deal with pensions. For there to be a Pension Sharing Order,...
Read Journal
health
Is my income too low for stimulus?
Single filers whose adjusted gross income does not exceed $75,000 are eligible for the full $1,400 stimulus payment. The amount begins to shrink after tha...
Read Journal
arts
Can long-term capital loss be set off?
As per the provision under Income Tax Act, the Long Term Capital Loss can be set off only against Long Term Capital Gains. Hence, you can set off this los...
Read Journal
technology insights
Do you get a 1099 for SDI?
When SDI benefits are received as a substitute for UI benefits, the SDI is taxable by the federal government but is not taxable by the State of California...
Read Journal
global news
Why was my federal tax return rejected for 2019?
My federal tax return was rejected due to the AGI being incorrect for 2019 taxes however when I pull up my taxes for 2019 the AGI is correct. Regrettably,...
Read Journal
arts
Do you need planning permission for an Airbnb cabin?
Remember that if you want to rent out your cabin as a holiday let/ Airbnb then planning permission is required not just for the development of the buildin...
Read Journal
business
Can you buy out your siblings share of a home?
However, there are ways you can buy out your siblings’ share of the property if you want to continue to have ownership in the home. Just know that in many...
Read Journal
technology insights
Do old people have to renew their license?
In short, no. However, drivers need to reapply for their licence at the age of 70 and every three years thereafter. There is no requirement to take a test...
Read Journal
global news
Do you pay state taxes on IRA distributions?
CALIFORNIA. IRA distributions are subject to state withholding at 1.0% of the gross payment, unless the IRA owner elects no state withholding. Do you pay ...
Read Journal Issue 1 Next →