COVID-19 Relief Summary

COVID-19 Relief Summary

This is a summary of changes and stimulus programs available from the CARES Act. Given the fluid nature of the pandemic and the government’s response to it, these programs are subject to change. To get current information, or if you have questions, please give us a call at 415-781-4000 to discuss. Paycheck Protection Program (“PPP”) … Continue reading COVID-19 Relief Summary

Tax Tip – Identifying Gross Income

Tax Tip – Identifying Gross Income

Internal Revenue Code section 61 defines gross income as “all income from whatever source derived.” This definition reaches your worldwide income, so it is important to understand exactly what “income” means. There are a couple of approaches to the definition of income. One approach is the Haig-Simons approach which indicates that income is the sum of … Continue reading Tax Tip – Identifying Gross Income

Beware Phony IRS Phone Calls

Beware Phony IRS Phone Calls

We continue to receive calls from our clients reporting calls from these scammers. The IRS issued the following bulletin to help you protect your personal information and to report the abuse.