Category Archives: Taxes

Deductible Expenses with PPP Loans & the 2nd Round of PPP Loans

By Rolf Neuweiler 01-04-2021

The US Congress rules that expenses covered by PPP loans are tax-deductible; second round of PPP loans have simplified application for loans under $150k. Expenses With PPP Money Are Tax Deductible Out of the window now: all IRS rules about not allowing deducting expenses with Paycheck Protection Program (PPP) loans on tax returns. New rules […]

PPP loan increases businesses taxable income, by Rolf Neuweiler, a2zCFO, (925) 216-5058 or email: rolf@a2zCFO.com

PPP Loans Affect 2020 Business Taxes

Accounting CFO Debt & Loan Management Loans Taxes

By Rolf Neuweiler 11-15-2020

Though the forgiven portion of a PPP loan is non-taxable, taxable income is also higher since payroll and other expenses are not deductible. The US Federal government doled out more than $500 billion forgivable PPP loans under the CARES Act to small businesses in order to help keep employees on payroll and pay for rent […]

2019 Federal and CA tax info, by a2zCFO.com - Fast tax facts for 2020 Federal and CA tax information Rolf Neuweiler, A2ZCFO (image: "chalk board piggy bank")

2019 Federal and CA Tax Information at a Glance

Accounting CFO Consulting Strategies Taxes

By Rolf Neuweiler 12-09-2019

Happy Holidays from a2zCFO and Rolf Neuweiler, Principal consulting CFO. Please make use of this Federal and CA Tax Information. As 2019 is drawing to a close, I hope the attached “Fast Tax Facts” with both Federal and CA tax information at a glance, – thanks to CalCPA, will make your tax preparation a little […]

Spotting IRS impersonators can protect personal & employee information related to tax return filings., Rolf Neuweiler, A2ZCFO (image: impersonator stealing)

IRS Impersonators and Scams Related to Tax Returns

Accounting Business Management Consulting Fraud prevention Taxes

By Rolf Neuweiler 03-21-2019

Many people reported that they have received IRS impersonators’ calls, and sadly some fell victims of various scam schemes after being intimidated into paying a fabricated tax bill. Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, […]

Part 2 of 2: FINANCIAL & MANAGEMENT PITFALLS FOR A GROWING SMALL BUSINESS

Brand Budgeting Business Management CFO Consulting Financial forecast Insurance Legal Strategies Taxes

By Rolf Neuweiler 02-21-2019

In January 2019, I talked about financial and management pitfalls for growing small businesses at a professional networking group meeting. Last month in Part 1 of the two parts, we first focused on potential pitfalls related to lacking strategic goals and skills. Here in Part 2 I am listing some pitfalls related to leadership, internal […]

Good bookkeeping & accounting practices help avoid financial and management pitfalls for a growing small business, Rolf Neuweiler, A2ZCFO (image: money pitfall)

Financial and Management Pitfalls for a Growing Small Business – Part 1 of 2

Accounting Budgeting Business Management Cash flow CFO Consulting Debt & Loan Management Financial forecast Financial Statements Financing Line of credit Loans Profit margin Strategies Taxes

By Rolf Neuweiler 01-29-2019

Part 1 of 2: PITFALLS FOR A GROWING SMALL BUSINESS In January 2019, I talked about financial and management pitfalls for growing small businesses at a professional networking group meeting. Here in Part 1 of the two parts, we first focus on each potential pitfall related to lacking strategic goals and skills. In Part 2 […]

Personal finance budgeting is a healthy habit to establish credit & achieve financial accountable. Rolf Neuweiler A2ZCFO (image: financial accounting goals)

Personal financial budgeting

Accounting Budgeting Consulting Credit history Financial Statements Strategies Taxes Uncategorized

By Rolf Neuweiler 06-06-2018

We all have heard these: “Money doesn’t grow on trees.” “Save money for a rainy day.” “Failing to plan is planning to fail.” However, about ⅔ of Americans do not budget. Many live paycheck to paycheck. Financial stress often spills into relationships and family life. Budgeting is about intentional spending and mindful living. Budgeting […]

In tax reform bill from Congress, what business meals are and are not deductible for a tax deduction? Rolf Neuweiler A2ZCFO (image: business lunch)

New Tax Law – Are “Meals” and “Entertainment” Still Deductible?

Accounting Business Management CFO Consulting Financial Statements Strategies Taxes Uncategorized

By Rolf Neuweiler 03-05-2018

In the tax reform bill Congress approved last December, entertainment, amusement, or recreation or any expenses with respect to such a facility do not qualify for a tax deduction. Where does this leave “meals”? I have received many questions asking if meals are still deductible. Companies’ Holiday Parties: 100% Deductible Employee Only / Holiday Parties […]

Rolf Neuweiler A2ZCFO offers financial projection, budgeting, cash flow, accounting, bookkeeping for CEOs, small businesses as an outsourced CFO (image: hands)

CFOs & CPAs Work in Synergy to Optimize Tax Strategies and Savings

Accounting Business Management CFO Consulting Strategies Taxes Uncategorized

By Rolf Neuweiler 10-27-2017

Maximizing tax savings for a company and its owner requires teamwork between both its CFO and CPA, each contributing different perspectives, skills, and functions. However, many business owners believe that they do not need a Chief Financial Officer (CFO) when they have a tax CPA. There is good reason for this confusion as some CFOs […]

Financial statements & balance sheets inform CEOs on cash flow, sales, profit margin, & financial health. Rolf Neuweiler A2ZCFO (image: financial statements)

Why do companies need timely and accurate financial statements

Business Management Consulting Financial Statements Taxes

By Rolf Neuweiler 08-30-2017

Why do companies need timely and accurate financial statements? CEOs and business owners need to be always in the know about cash flow, sales growth, profit margin changes, and administrative costs. Managing a business requires its leaders to be constantly monitoring its “vital signs”. Financial Statements consist of Balance Sheet, Income Statement, and Statement of […]

You saved the sales taxes on your recent business purchase. Are you sure? You may owe Use Tax!

Taxes

By Rolf Neuweiler 05-16-2017

In today’s electronic shopping world, businesses can purchase goods with a click of a button. Many times, items are purchased from out of state vendors, thru the internet, or under sales tax exemption certificates resulting in the vendor NOT collecting sales tax. However, with the concept of use taxes, you still may owe taxes to […]