ACE PLUS ARTICLES
Insightful & Informational Article Highlights
Ace Plus Tax Resolution always strives to inform our community about information regarding tax relief options. Take some time to read these articles for your own benefit!
California Legislature to consider new tax on millionaires for schools, other services
Source: https://www.latimes.com/california/story/2020-07-28/california-legislature-tax-hike-millionaires-schools-other-services Democrats in the California Legislature have unveiled a new effort to significantly raise tax rates on taxable income of $1 million and higher, an effort they say would provide billions of dollars to improve K-12 schools and a variety of government services vital to the state’s recovery from the COVID-19 pandemic. The bill, […]
Non-Filer Tax Problems and Seeking a Permanent Solution – Options and Strategies
Many people may believe that they can get away without filing taxes if they don’t receive any notices in that corresponding year. However, the Internal Revenue Service will investigate and catch up with non-filer cases in the following years. Non-filing of tax returns can also be subject to civil fraud penalties. Internal Revenue Code 6651(f) […]
The IRS Shutdown and Its Fallout
COVID-19 surely has triggered a huge frustration to all taxpayers. The IRS has shut down and has been failing to operate normally. In response, many taxpayers have been suffering from unaddressed tax refunds, unanswered questions, and many other unfulfilled tax-related needs. Some Taxpayers Could Not Receive Their Tax Refunds The IRS office is swamped with […]
How Are Non-Filers Targeted by the IRS, and Is Time Running Out?
Currently, there are more than 10 million taxpayers who haven’t filed their tax returns (known as non-filers) in the United States. Thanks to a budget increase, the IRS is prepared to ramp up its enforcement of the collection process targeting non-filers. The agency newly hired 10,000 agents last year and is planning to hire another 5,000 this year. With […]
L.A. Biz Leadership Trust Press Release
James M. Cha invited to join L.A. Biz Leadership Trust L.A. Biz Leadership Trust is an Invitation-Only Community for Top Business Decision Makers in Los Angeles Los Angeles, CA (April 23rd, 2020) — James M. Cha, Certified Tax Resolution Specialist of ACE Plus Tax Resolution, has been invited to join L.A. Biz Leadership Trust, an […]
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How Liquid Is Your Business?
Liquidity in business has nothing to do with water, milk, or juice! It describes how quickly you can sell an asset and convert it into cash. Cash is the most liquid asset of all. Real estate, in contrast, is not quite as liquid because it could take months to sell it to a new owner. […]
18 Small Business Opportunities in 2020
Deciding on the kind of business you want to start is a very big decision. Some require specialized skills that either the owner or employees will need. Others require a substantial initial capital outlay. In any case, it’s always a good idea to consider the health of the industry you’ll be entering in. While we […]
Cool Tech Tools: Apps that Get You Places
If you’re unlucky enough to have a car without GPS navigation maps, the next best thing to use is your smartphone. This article will take a look at apps that help to get you from point A to point B. Google Maps Google Maps is the all-around favorite, whether you own an iPhone or an […]
5 Signs You Need to Upgrade Your Accounting System
To maximize profits in your business, all of your business functions need to run smoothly, including your accounting department. Your accounting system is at the core of your accounting function. If it is old or lacks the features you need, your business may suffer. Here are five warning signs you can look for to determine […]
How Business Owners Get Paid
At first glance, this article topic might seem too simple. After all, to get paid, don’t you just take money out of your business? Well, yes, but there is much more to it in the long run as well as from an accounting side. Let’s take a look. The Traditional Paycheck If you’ve ever worked […]