Wave Accounting Set Up

Go to the Wave Accounting Set Up Page: https://my.waveapps.com/login/ Click on Sign Up Now at the bottom 3. Enter email and password and click get started 4. Enter your name, business name and business description from the pull down menu. 5. Select Manage Your...

Estate Planning FAQ

What is the purpose of a Living Trust? A living trust is a document which takes ownership of your assets when you pass way or become incapacitated. The purpose of the trust is to avoid probate so your assets can go to your heirs more quickly and with less expense....

Preparing for Estate Planning

The goal of preparing estate planning documents is, unsurprisingly, to plan for unpleasant circumstances such as your death and/or incapacity. Trustees, Executors, Guardians and Healthcare Agents The following roles can be played by same people or different people...

IRS Sending Incorrect Notices Demanding Payment

The IRS unfortunately has started sending out a lot of notices regarding unpaid tax. If you didn’t pay your tax, obviously these notices are correct but for a lot of people these are in error. There is a systematic issue with the IRS where if the spouse of the primary...

Getting Financially Organized

There are a few basic things that you can do to get ready for financial planning and filling out the worksheet or just to get organized. If there is one thing I have learned over my time working with clients and their taxes, it is that almost no one is organized on...

How to Pay Your Taxes for California Taxpayers

You can use the vouchers provided and mail checks to the addresses on the vouchers. If you want to pay online, which is recommended, you can do so here:1. For the IRS, go to this website and follow the instructions.2. For the FTB, go to this website and follow the...

How to Do Your Own Bookkeeping for Taxes

I do not enjoy bookkeeping. It isn’t a profitable way for me to spend my time and no one likes paying for it. However, we need a decent set of books to file an accurate tax return. The best way to do this is to have a Quickbooks Online account. The Simple Start level...

COVID 19 Resources and Information

Unemployment – There is no downside to applying for unemployment. No one really knows what is going on right now since everything is so new. The rules are being written and rewritten daily. You lose nothing by applying and independent contractors are now supposed to...

When Not to Pay Into Social Security

As a rule, the average person is best served by paying into the Social Security system. It is a good deal and is likely to remain stable. However, there are significant portions of the population for whom it does not make sense to contribute. You can find out what...