by Josh | May 28, 2024 | budgeting, root tax accounting, root tax blog, tax
The second quarter of the calendar year is now over, which means it’s time to start preparing documents to file for estimated taxes on earned income. The deadline to file estimated taxes in the second quarter is June 15. The Internal Revenue Service (IRS) requires...
by Josh | May 28, 2024 | budgeting, root tax accounting, root tax blog, tax
The deadline to pay pass-through entity election taxes for the second quarter is June 15. If you’re unsure if this applies to you, here we explain what the pass-through election tax is and how it can benefit you. What is a Pass-Through Entity? A pass-through entity is...
by Josh | Feb 8, 2024 | budgeting, root tax accounting, root tax blog, tax
Beginning January 1st, 2024, short-term rental owners should be aware of an important update – a new tax liability has been introduced that affects your rentals. If you own properties that you rent out through platforms like Airbnb or VRBO, or even a room in your...
by Josh | Dec 8, 2023 | budgeting, root tax accounting, root tax blog, tax
The new year represents a great time to assess your finances and create a plan for setting and meeting your financial goals. Here are three financial resolutions that can make the new year a prosperous one. 1. Create a Budget Review your net income and expenses....
by Josh | Oct 3, 2023 | root tax accounting, root tax blog, tax
The end of the year is coming up fast, and those last weeks of the year are full of the hustle and bustle of the holiday season. But there are a series of important items you should add to your to-do list before we say goodbye to this year and prepare for the next: 1....
by Josh | Aug 28, 2023 | root tax accounting, root tax blog, tax
We have two quick tax updates for you as we get ready for the back-to-school season: The IRS and the California Franchise Tax Board extended the tax filing and payment deadlines this year for most of California due to the winter storms late last year and early this...
