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Thursday, December 15, 2022

Retiring with a comfortable nest egg is no easy feat. In addition to saving and investing, the tax benefits of certain savings accounts can help you achieve your financial goals faster.  Given how unstable the economy is...

Wednesday, November 30, 2022

As a Tax specialist Enrolled agent for 30+ years Tax accounting and Bookkeeping Services at Green Valley Tax Services we know how to help your business succeed. Today is the right time to start. It is important to understand...

Sunday, October 23, 2022

To fully understand 280E, and how it impacts your business, there are several terms that you should be familiar with. First, the term "cost of goods sold" (COGS) is an accounting term that refers to the difference between the amount paid

Friday, September 30, 2022

Running a marijuana-based business is equal parts financially rewarding and endlessly confusing. Between the various local, state, and national laws, finding that sweet spot for effective business operations is tough, even for...

Sunday, September 25, 2022

IRS  and your Passport, Driver’s License, or Professional Licenses? At Green Valley Tax Services, Inc, we are dedicated to helping you make the best decisions for your business. Our services include tax planning...

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Monday, September 5, 2022

If you're an entrepreneur, it's essential to know what business deductions are available to you. While many small business owners focus on saving money, tax deductions are one of the most overlooked ways to lower your overall tax...

Saturday, August 13, 2022

What is the Taxpayer Bill of Rights? The Taxpayer Bill of Rights is a set of 10 rights that taxpayers have to ensure they are treated fairly by the IRS. The rights apply to anyone who deals with the IRS and was established to prevent

Sunday, July 10, 2022

Tax planning is a vital part of managing your financial affairs. It's not just about getting your taxes as low as possible, but also helps you manage your cash flow and maximize returns. Green Valley Tax Services will help you manage...

Sunday, June 5, 2022

If you're looking for a way to reduce your tax liability, there are plenty of loopholes that can help. At Green Valley Tax We can make sure the loop wholes are properly used.  Most people don't know about some of these loopholes...

Sunday, June 5, 2022

If you pay taxes every year, you should be aware of the changes coming in 2022. These new laws will have an impact on your tax return and affect how much money you get back. As each year passes, so do time-sensitive changes to tax laws...

Monday, May 2, 2022

The U.S. has sustained over 310 weather and climate disasters since 1980, with the cost reaching more than $2.155 trillion dollars in damages. That is only the natural disaster side of the equation. Every day it seems we turn...

Friday, April 15, 2022

The IRS publishes an annual report on the top tax scams consumers fall prey to every year. This could be anything from receiving a phone call during dinner asking for your social security number to someone stealing your entire identity...

Saturday, March 26, 2022

As more and more businesses move to hybrid or remote work models, owners and operators are often faced with the question of transferring job roles. As there is little an employer can control when the work is being done from a remote...

Thursday, March 10, 2022

We at Green Valley Tax Services can help you when you need to pay your taxes we understand how important this is to you. Don't forget your state that may have other consequences. In 2020, the IRS processed more than 240.2...

Friday, February 18, 2022

S Corporations, Wages & Compensation to Officers - What is Reasonable Compensation?  With tax season finally upon us, it is time to revisit the wages and salaries of all of our employees and corporate officers. S corporations are...

Friday, February 4, 2022

S Corporation, LLC, Partnership Due Dates for Filing and Small Business Deadlines  Did you know there are more than 31.7 million small businesses inside the US alone? That is a considerable number, and every single one...

Friday, January 21, 2022

Let’s talk about the Child Tax Credit and what it means for everyday Americans and Green Valley tax Services. The entire reason to mention this part of the tax system is that the last round of Child Tax Credit Payments was issued...

Friday, December 31, 2021

Currently, there are 36 states and four territories that allow the use of medical marijuana products. For recreational use, there are 18 states and two territories. As more and more of the country slow adopts new laws...

Friday, September 17, 2021

Is CalSavers program mandatory? While enrolling in CalSavers is NOT mandatory, all employers in the state with at least five W-2 employees MUST offer a qualified retirement savings plan* to their employees. If employers fail to offer a...

Friday, September 10, 2021

A partnership business entity, or a general partnership, is a business consisting of two or more owners who run their business in accordance with the terms of an oral or written partnership agreement. Although an agreement is not...

Sunday, August 1, 2021

Choice of entity? You have 4 choice and you have decided on Sole proprietor. Now what? You have decided on a sole proprietorship one of 4 entities, Sole Proprietor, Corporation, LLC/LLP, and Partnerships you can choose when you decide...

Saturday, July 24, 2021

We live in a world where the average life expectancy is increasing every decade. Is that a good thing? Yes, I believe it is, as long as we practice healthy lifestyle habits. But what does it mean for our retirement assets? As...

Sunday, June 27, 2021

One of four-What Entity should I choose for my Business? What choices do I have when I start my business and what greatly influences the overall tax burden? The choice you make well also involve non-tax factors. Some non-taxable items...

Sunday, June 13, 2021

Homeownership and your taxes: 7 Things you as taxpayer should know when selling your home It’s important for you as the taxpayer to understand how selling your home may affect your tax return. When filing your taxes, you may...

Sunday, May 9, 2021

See the increase of property taxes for transfers of California real property between parents and children. The proposition starts for transfer made on or after February 16, 2021. So, what does that mean to you? The new rules under...

Tuesday, June 9, 2020

The year 2020 has become a year that will have one of the largest impacts on our lives and lifestyle, with unprecedented events in history. Covid-19 has changed our lives forever and will continue to force us to make additional...