October 2020 Tax Deadline Days Hours Minutes Seconds In 9 days, the deadline to file for taxes will be reached. The IRS has extended the deadline for a second time…
Category: Tax Tips
Gig Worker Bill in California May Turn Independent Contractors into Employees
In rather Cinderella-like circumstances, legislation—known as the “gig worker bill”—may have, at the stroke of midnight on December 31, 2019, turned hundreds of thousands of “independent contractors” into “employees.” California’s…
Business Survival Depends on Cash Flow Management
It’s been said that “a goal without a plan is just a wish.” Needless to say, planning is vitally important and indispensable. Planning forces a consideration of the various factors,…
Tax Season Had October Rerun in 2019
This year, tax season took a leaf from the TV playbook, with a rerun in October. Now that the Tax Cuts and Jobs Act of 2017 (TCJA) has come into…
How MBAFAS Became A Top 10 LA Accounting Firm
MBAFAS was recently recognized as a Top 10 Accounting Firm in Los Angeles. What follows is a brief list of the attributes that contributed to this prestigious recognition and helped to…
7 Great Tips to Save on Your Business Taxes
Everyone knows what the most certain things in life are, right? Death and taxes. There’s not much we can do to avoid death’s inevitability, but you might get to deduct…
The Top 6 Benefits of Outsourcing Accounting Services
SMEs, or small- to mid-size enterprises, elect to outsource their accounting services because, for most, accounting is not a core competency. In fact, only 42% of small businesses have a…
How to Build and Grow a Successful Tax Practice
Taxes are stressful for both payers and preparers. In fact, 58% of tax preparation companies fail. MBA Financial & Accounting Solutions is one of the fortunate businesses that have not…