Section 179 depreciation or the Section 179 deduction is available for most capital equipment, new or used, purchased for use in a business. If you had your 2013 S or C corporation tax returns extended, haven’t filed your partnership tax returns yet, or haven’t filed Read More

A lot of people now days think off-the-shelf or online tax software is just as good as seeing a tax professional and saves them money. However, most the time, those assumptions are incorrect. If you are single and have one or two Form W-2s those assumptions may be correct, but Read More

Schedule C is the part of an individual tax return where self-employed individuals also known as sole proprietorships report income and expenses from self-employment. Most self-employed individuals who report their earnings on Schedule C have a doing business as (DBA) name, but Read More

Welcome to the Carlsbad Tax and Accounting blog! This will be the first of many posts about various tax issues and updates to help and inform our current clients and potential new clients. This first post is about taking the standard deduction on an individual income tax return Read More