Accounting & Bookkeeping Trends in Technology

Bookkeeping and Accounting are nearly as old as trade itself. As trade turned to commerce, structures and methods evolved to better account for a business’s profits and losses. We’ve grown further into technical needs of businesses thanks to larger markets, longer trade routes, and technological disturbances. We’ve compiled a list […]

Trump’s Tax Audits Still in the News

Trump’s Tax Audits Still in the News Donald Trump’s tax returns have apparently been audited every year since 2002 which is not surprising since tax audit data from the Internal Revenue Service indicates that larger and more complex tax returns are much more likely to be selected for examination than […]

Wise Ways to Spend Your Tax Refund

Some Wise Ways to Spend Your Tax Refund Now that tax season is over and you have your tax refund check, how are you going to use it? Although there may be a number of things you have been wanting to purchase, it might be a good idea to invest […]

April 18, 2016 – Tax Day!!!!

Today is April 18, 2016 and it is Tax Day!!!! Today is the federal income tax deadline day. The last day to file income state taxes. If your business is seeking an outsourced bookkeeping solution, the experienced professionals at Orange County Bookkeeping can provide you with the expertise you are […]

Tax Deductions for You!

Tax Deductions for You!               We have complied a list of the top tax deductions for the current tax season. Most of these tax deductions are items that taxpayers encounter frequently. Keep in mind, however, that this is a small list of the most […]

How to Prepare for Your Tax Preparer

How to Prepare for Your Tax Preparer

How to Prepare for Your Tax Preparer             It’s tax season again and time to meet with your tax preparer. With this in mind, included below are few simple steps to help you prepare for that meeting. This is an easy system and one that […]

Bookkeeping Responsibilities and the IRS

Bookkeeping Responsibilities and the IRS   Since bookkeepers and outsourced bookkeeping services providers are generally the ones responsible for managing all of a company’s records, they are often placed in the position of having to communicate with the IRS on behalf of their employer or client. This being the case, […]

IRS Announces Payroll Tax Initiative

IRS Announces Payroll Tax Initiative

IRS Announces Payroll Tax Initiative The IRS recently announced the introduction of a new program specifically designed to help businesses with payroll tax compliance. This plan of action, called the Early Interaction Initiative, is designed to identify and notify employers who fall behind on their payroll tax obligations. Once identified, […]

Focus on Payroll Taxes

Focus on Payroll Taxes

Focus on Payroll Taxes Payroll taxes, also called employment taxes, are those taxes that employers are required to pay based on the compensation of their employees. They include federal and state income taxes withheld from employee paychecks, FICA (Social Security and Medicare) taxes and FUTA (federal unemployment) taxes. Because they […]

Section 179 in a Nutshell

Section 179 in a Nutshell

Section 179 in a Nutshell The Section 179 Deduction is a $25,000 tax deduction that applies to both new and used business equipment and off-the-shelf computer software that is purchased and put into service during 2015. Up to this cap amount, it allows business owners to write off the full […]