A recent change to federal retirement plan rules may affect older employees who make catch‑up contributions to their 401(k) plans, particularly those with higher incomes. Because this rule affects both retirement savings and overall tax planning, individuals who may be impacted should evaluate how the change fits into their broader financial strategy.
Read MorePayroll Protection Program: Understanding the Loan Forgiveness Application
It has been well over 6 months since the Payroll Protection Program (PPP) was enacted…
Read MoreRequired Financial Statement Changes for Homeowners Associations
In May 2020, the Financial Accounting Standards Board (FASB) – in response to COVID-19 – elected to again delay by one year the complex implementation of Topic 606 Revenue…
Read MoreTax Updates Regarding the CARES Act: What You Need to Know Now
Most business taxpayers are aware that the Tax Cut and Jobs Act (TCJA) eliminated net operating loss (NOL) carrybacks and limited carryforwards to 80 percent of taxable income…
Read MoreThe Impact of Tax Cuts and Jobs Act on the Construction Industry
The Tax Cuts and Jobs Act contains many provisions that have a direct and significant impact on the construction industry…
Read MoreTax Pitfalls: What You Need to Know to Prepare for Tax Day
With tax season on the horizon, it is important to look at a few of the tax pitfalls out there. The partners at Osborne Rincon CPAs weigh in on some of the major ones to be aware of…
Read MoreWhy You Don’t Want to Miss Your Estimated Tax Payments
Did you know that you could receive a penalty for not making payments quarterly to the Internal Revenue Service (IRS) or Franchise Tax Board (FTB)?…
Read More2019 Tax Law Changes - Federal vs. California
As many of you know, the Tax Cuts and Jobs Act (TCJA) resulted in many changes that will impact 2019 federal income tax filing. The question is…
Read MorePedro Talks Taxes with CBS Local 2
Partner Pedro Rincon met up with Kris Long from CBS Local 2 to talk about taxes.
Read More