This week we’re discussing the FTB’s new multi-factor authentication process for MyFTB Accounts.

Andy Frye EA and Andrea MacDonald CPA start off the first episode of Schedule C Prep Process. How to price last minute Schedule Cs when you're closer to the deadline. Should you be aggressive with your prep fees? and what is an aggressive prep fees? For more information about the episode visit us at prontotaxschool.com or email us to support@pronto…

This week we’re covering LLC fee late-payment notices for 2022 that some taxpayers have only recently received.

This week we’re talking about property tax increases for partial transfers of property.

This week we’re covering the tax treatment of CalPERS long-term care premium settlement payments.

Andy Frye EA and Daren Gress EA start off the seventh and last episode of Step-by Step S Corp Tax Prep Process with an open discussion on accountable plans and the value that clients get from the service you are provding. For more information about the episode visit us at prontotaxschool.com or email us to support@prontotaxschool.com…

This week we’re covering a bill that has been introduced which would allow entities to make a passthrough entity tax election even if they didn’t make a June 15 prepayment.

Andy Frye EA and Andrea MacDonald CPA start off the sixth episode of Step-by Step S Corp Tax Prep Process reviewing the issues with business clients taht do not have their accounting complete. What do you do? Do you do their accounting or do you refer tehm to someon else. The harsh reality of cleaning up accounting for your clients. For more inform…

Andy Frye EA and Glen Wielandt Tax Business Coach start off the fifth episode of Step-by Step S Corp Tax Prep Process with an open discussion on balancing a Balance Sheet for S Corp returns. The difficutlies of a Sch L when all the information is not provided. For more information about the episode visit us at prontotaxschool.com or email us to sup…

Andy Frye EA and Daren Gress EA start off the fourth episode of Step-by Step S Corp Tax Prep Process with an open discussion the importance of keeping a paper trail and breaking down total expenses in S Corp returns. Its a handy practice if your client ever needs to expalin where the totals originated from. For more information about the episode vi…

Andy Frye EA and Glen Wielandt Tax Business Coach start off the third episode of Step-by Step S Corp Tax Prep Process with an open discussion with the members how they have helped each other. Sean will share is experience with business clients and what he has learned For more information about the episode visit us at prontotaxschool.com or email us…

Andy Frye EA and Daren Gress EA start off the second episode of Step-by Step S Corp Tax Prep Process reviewing BOIR, Beneficial Ownership Information Reporting. Since some of our members have reached out that one or two questions are a bit confusing and they are unsure if they should charge for it. For more information about the episode visit us at…

Andy Frye EA and Andrea MacDonald CPA start off the first episode of Step-by Step S Corp Tax Prep Process reviewing intake and what to expect from your clients to make it easier for you to complete their entity tax return. For more information about the episode visit us at prontotaxschool.com or email us to support@prontotaxschool.com…

This week we’re covering what a tax professional needs to know about LLC filing requirements.

This week we’re covering some enhancements to the MyFTB account system that have improved and streamlined the user experience.

This week, we’re covering the requirement for a nonresident sole proprietor to pay California tax on income received from California.

This week we’re covering some key California nonconformity issues for 2023 returns.

This week we’re covering some filing season traps that taxpayers can fall into, and what to watch out for to avoid these costly mistakes.

This week we’re covering what a taxpayer moving out of California needs to do to break ties with the state and actually become a nonresident.

This week we’re covering why a passthrough entity that made the passthrough entity tax election may want to pay the remainder of the tax by December 31.

This week we’re covering some older Power of Attorney declarations set to expire at the end of this year, and how to see which declarations are affected in MyFTB.

This week we’re covering the expiration of the temporary exemption for the $800 annual tax that’s available for new LPs, LLCs, and LLPs.

This week, we’re covering tips for splitting refunds when taxpayers divorce.

This week we’re covering California conformity and nonconformity to various SECURE 2.0 Act provisions.

This week we’re covering some things to keep in mind when verifying estimated tax payments with the FTB.

This week we’re covering the FTB’s new one-time penalty abatement provision, which goes into effect for tax years beginning on or after January 1, 2022.

This week we’re covering California’s tax basis capital account reporting requirement, which goes into effect after a two-year delay.

This week we’re covering the Unclaimed Property Voluntary Compliance Program to help businesses come into compliance with the unclaimed property reporting requirements.

This week we’re covering how gross income from tiered LLCs impacts the LLC fee calculation.

This week we’re covering some issues that an LLC may face when it elects to be treated as an S corporation, and what the best course of action is.

This week we’re covering identity verification notices from the FTB and the best way to handle these notices.

This week we’re covering some questions we continue to receive about intergenerational property transfers under Proposition 19.

This week we’re talking about considerations for whether and how to make a passthrough entity tax election for 2022 and/or 2023.

This week we’re discussing CalSavers enforcement notices and what to do if an employer receives one.

Tuesday we focus on eliminating tax debt and reducing current and future tax expenses. If you think the only people with unpaid taxes are deadbeats and losers, you are wrong. US individual and business taxpayers pay an average of 50% of their lifetime earnings and wealth on taxes. That includes federal income tax, payroll tax, self-employment tax, …

Monday we focus on the Highly Compensated Successful W2 Employee. When you count all the taxes you pay - income, payroll, property, excise, and sales tax - many of you pay nearly 60% of your lifetime earnings and wealth - in taxes. And you get a few tax breaks. In this show, we will show you how you can reduce your taxes, increase your wealth, redu…

Friday we focus on the three macro forces…economics, politics, and religion…that impact business risks, opportunities, and threats. This is a no-spin, woke-free zone to awaken you to the currents created by these forces to help you determine if they are helping or opposing you and what you can do about it.…