Soto CPA

Exciting news! We just keep growing 😊 Please join us in welcoming Mimi Tongson to the Soto CPA team as our Admin! Mimi has an extensive amount of admin & operations experience to add to our team. She loves dogs, the and going on food adventures. We are excited to have her, and she is excited to connect with all of you! Feel free to message her, even just to say hello!

📧 [email protected]

Please join us in welcoming Brian Grow to the Soto CPA team! Brian has a plethora of tax and accounting experience in both private industry and public accounting; we are so grateful to add his expertise to the team!

🚨🚨With the year coming to a close and a new one beginning, we want to remind you to request a W-9 from independent contractors! A W-9 provides information from the independent contractor, which will be used to produce a 1099. Businesses are responsible for issuing 1099s at the end of the year, to any contractors paid $600 in total, for the year.

If you have any questions, don’t hesitate to reach out to us‼️

📞 916-675-0606
📧 [email protected]

Just a friendly reminder that this is the final year to take 100% depreciation on your federal tax return. The allowable bonus depreciation will begin to drop, after this year.

This is separate from the section 179 deduction. Your asset may still qualify for a full write off, using the section 179 deduction.

Contact us with any questions.
📞 916-675-0606
🌐 www.cpasoto.com

Where does the time go 🕰⏰⌚️?

After almost 10 years of working for public accounting firms, my friends and family encouraged me to take the leap of faith. I can not thank them enough, for it has been so rewarding.

To my clients, friends, and family, thank you for the continued support from my family to yours.

🚨Just a reminder that the 2021 extended individual returns are due in a week‼️

What if I can not pay my balance by the due date? A return should still be filed, to avoid a failure to file penalty. A failure to file penalty is significant and you will save money, by avoiding this. Interest and penalties will continue to accrue for the unpaid balance, but you do avoid the late filing penalty.

Questions? Don’t hesitate to reach out to us.

☎️ 916-675-0606
📧 [email protected]

⏰ Just a friendly reminder that the 2022 third quarter estimates are due 09/15/2022❗️

With the rising gas prices, is it better to deduct actual auto expenses or mileage❓

It depends! In order to maximize your deduction, the actual expenses and miles have to be tracked. This will allow us to evaluate which method will be most beneficial.

With the March deadline🗓for business returns coming up, we wanted to remind you to keep good books and records so that you have support for your taxes and so that you can grow your business!!

Have questions? Give us a call!!

Tax season is here‼️ We can help with your business and individual tax filings.

Contact us today, if you need help filing your taxes!!

📞916-675-0606
📧 [email protected]

The IRS has released the filing season start date! They will start accepting individual returns on 01/24/2022.

Need help filing your taxes this year? Contact us!!

📞 916-675-0606
📧 [email protected]

Mark your calendars 📆! The due date is coming‼️

Happy New Year!!🎆🎊

With the holidays🎄around the corner, we sometimes end up with gifted cash 💵 or gift cards.

Don’t forget to track any business expenses that you pay with this money!!

Have any questions? Contact us!

📞 916-675-0606
📧 [email protected]

Are you keeping track of your deductible travel expenses?

With the holidays coming up, many companies are hosting holiday events or gatherings. If you are a freelancer or business owner and traveling for these events, make sure to keep track of all the travel expenses! Some examples are plane tickets ✈️, rental car 🚗, and Ubers.

Not sure which expenses you should add to your returns? Contact me today!

📞 916-675-0606
📧 [email protected]

🚨As we approach the end of the year, please note that expenses do not always have to come out of your checking account, to count as an expense this tax year. Expenses paid via credit card or financed, such as an auto 🚙, are also current year deductions!

Note: Autos are subject to other deduction limits.

If you have any questions, contact us today!

📱916-675-0606
📧 [email protected]

With the year end coming to a close, make sure to have these three items ready, to help make year end decisions🗓!

If you need any help, contact us!

📞 916-675-0606
📧 [email protected]

This weekend we got to participate in the first golf tournament⛳️ A great event for an incredible cause! We had a wonderful time.

As the year end approaches, don’t forget to obtain a W-9 📝form for any independent contractors that you will pay over $600 this tax year. If you expect to have any work done over $600, request a W-9 before the work has begun.

Contact us with any questions!

📞 916-675-0606
📧 [email protected]

🚨We are one week away from the 2020 individual tax deadline of October 15, 2021‼️⏰

Contact us if you have any questions or if you need help filing your tax return.

📞 916-675-0606
📧 [email protected]

As more and more companies elect to be taxed as an S-Corporation, don’t forget to pay yourself a reasonable salary.

Below is a list of factors the IRS uses :
✅training and experience
✅duties and responsibilities
✅time and effort devoted to the business
✅what comparable businesses pay for similar services

If you have any questions, please don’t hesitate to reach out to us.

📞 916-675-0606
📧 [email protected]
🌐 www.cpasoto.com

Thank you, Rosehannah, for the fantastic review! 🙌

At Soto CPA, we strive to provide an exceptional quality of service to our trusted clients. We aim to prepare you with the knowledge to invest in what is important to you and your business.

Get in touch with us today for a free no obligation chat on your tax requirements.

🌐 www.cpasoto.com
📧 [email protected]
📞 916-675-0606

Do you need to file a return for your extended individual or C-Corporation tax?

Remember, the deadline is October 15!!

Soto CPA can assist you with submitting your return and help you check that everything is in order. Don’t go at it alone. Contact me today and let’s ensure that your return is on time!

We are coming up on our 1 year anniversary and this week we wanted to thank our team of supporters and partners!🎉

Standing alongside every entrepreneur, there is a team that motivates and encourages growth. I appreciate all of you that have supported me from the beginning and I can not thank you enough‼️

If you are self-employed or have received other income that requires you to pay quarterly estimated taxes, you need to be ready for your 3rd quarter estimate, which is due on September 15‼️

If you are feeling stuck and worried about this deadline that is rapidly approaching, I am here to help!

📞 916-675-0606
📧 [email protected]