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The AB&P journal

Useful answers for the decisions owners make every week.

Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.

Payroll · 2 min read ·

Check Your Payroll Withholding – Things Have Changed

With the recent Tax Cuts and Jobs Act (TCJA) that was passed back in November of 2017, we’ve been dedicated to covering every available aspect of the new tax law as the information becomes available. Today’s topic? Th…

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Taxes · 3 min read ·

Aretha Franklin Leaves Behind Estate Worth $80 Million with No Will

It was a sad day for many when the aptly named “Queen of Soul”, Aretha Franklin, passed away at the age of 76 to pancreatic cancer on August 16th. And though her body has been laid to rest with a funeral service to re…

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Taxes · 2 min read ·

Justice Department Breaks Up Massive IRS Scam

Four years, 15,000 victims, hundreds of millions of dollars stolen, and over 50,000 individuals’ personal information abused – the U.S. Justice Department announced the arrests and closure of the first multinational,…

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Taxes · 2 min read ·

How to Ensure Your Officer Compensation is Reasonable

Throughout this year of economic upheaval, Congress and the US Treasury Department has put continual pressure on the IRS to produce additional tax revenue; the tax administration quickly responding with the intention…

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Taxes · 3 min read ·

What to Do if You Receive an IRS Notice in the Mail

Let’s be honest: it can be scary to receive a notice from the IRS in the mail – our minds often jumping straight to worst case scenario of racked up penalties, or wondering if it could be a scam… Thankfully, unlike ph…

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Taxes · 2 min read ·

The IRS Moves Forward with Five-Year Plan

The recent Tax Cuts and Jobs Act (TCJA) has made some big changes to the nation’s tax landscape, and in the spirit of renovation, the IRS has made it clear they’re not going to stop there. Starting in 2018 and ending…

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Taxes · 3 min read ·

5 Tax Saving Tips for Small Businesses

After the Tax Cuts and Jobs Act (TCJA), guidelines and tax expectations have become a little confusing lately. To help small businesses save some money and avoid accidental penalties in the wake of our current loophol…

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Sales tax · 3 min read ·

Was the Taxpayer Transparency and Fairness Act a Good Idea?

When Governor Jerry Brown signed the Taxpayer Transparency and Fairness Act into California state law on June 27 th , 2017, the effective gutting of the Board of Equalization (BOE) into two separate tax agencies – the…

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Taxes · 3 min read ·

New Tax Law Says Entertainment Write-Offs are a No-Go

The nation has seen a lot of tax changes this year, but the latest ban on entertainment deductions might be the most disappointing for both prospective clients and business owners. While the previous tax code of 2017…

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Taxes · 2 min read ·

No One’s Sure Who Qualifies for the New Tax Law

As briefly touched upon earlier this week, when it comes to the recently instated Republican tax law, one thing is clear: from business owners and CPA’s, to the IRS themselves, no one really knows who exactly qualifie…

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Taxes · 2 min read ·

Don’t Miss Out on This $1.1 Billion Tax Return

With less than a week until April 17 th – the tax deadline for many individuals – time is running out for taxpayers who wish to claim their 2014 income tax returns, but still have yet to file for that year. The standa…

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Taxes · 1 min read ·

2018’s 2nd Quarter Interest Rates are Rising

The IRS has announced an increase in interest rates for over-payments and under-payments falling within the 2 nd quarter. This change – scheduled to take effect on April 1 st , 2018 – will apply to those corporations…

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