BBSITax

Directions Website Contact the business

BBSITax Virtual business management including bookkeeping and payroll. Assisting in making your company paper

Steve Harvey says his accountants kept his tax payments for 7 years. Most tax pros are honest, and a good one wants you ...
10/24/2026

Steve Harvey says his accountants kept his tax payments for 7 years. Most tax pros are honest, and a good one wants you able to check their work. Here are 3 quick checks to help make sure your payments reach the IRS. Swipe through, then save this for tax time.

California small business owners: starting Jan 1, 2027, sales tax applies to software subscriptions like accounting, CRM...
10/23/2026

California small business owners: starting Jan 1, 2027, sales tax applies to software subscriptions like accounting, CRM, and design tools. List what you pay for, budget for the tax, and check January invoices. No tax charged? You may owe use tax. Selling software or an app? Let's talk about registering. Source: CDTFA. General info, not advice for your specific situation. Free 15-min intro at bbsi.tax/contact-us.

A heads-up for real estate investors with money in an Opportunity Zone fund.If you put a gain into a Qualified Opportuni...
10/21/2026

A heads-up for real estate investors with money in an Opportunity Zone fund.

If you put a gain into a Qualified Opportunity Fund to put off the tax on it, that gain counts as income for the tax year that includes December 31, 2026. The IRS confirmed this in Notice 2026-40, and it also confirmed you can't put that same gain off a second time.

So the tax bill for that gain shows up on your 2026 return. The best time to plan for it is now, while there's still time to look at your whole year, not in the December rush.

If you'd like to map out what this means for you before year end, book a free 15-minute intro at bbsi.tax/contact-us.

Missed the October 15 extension deadline? Take a breath. You still have options, and the best first step is simple: file...
10/16/2026

Missed the October 15 extension deadline? Take a breath. You still have options, and the best first step is simple: file anyway.

Here's why. The IRS penalty for not filing is usually 5% of the unpaid tax for each month you're late, up to 25%. The penalty for not paying is much smaller, 0.5% a month. So filing now, even if you can't pay the full amount, stops the bigger penalty from growing.

Once you've filed, there are payment options to look at. That's a conversation we have with small business and real estate clients all the time, with no judgment.

If you'd like help sorting out your next step, book a free 15-minute intro at bbsi.tax/contact-us.

Run a cash business? Here's something a lot of owners get wrong.Depositing more than $10,000 in cash is completely fine....
10/16/2026

Run a cash business? Here's something a lot of owners get wrong.

Depositing more than $10,000 in cash is completely fine. Your bank files a routine report when that happens. It's paperwork, not an accusation.

What gets people in trouble is splitting deposits to stay under $10,000. That's called "structuring," and it's illegal even when every dollar is honest money.

So keep it simple:
- Deposit your sales as they come in, in their real amounts.
- Never break deposits up to avoid the report, even if someone at the bank suggests it.
- Keep daily sales records that match your deposits.
- If your bank ever flags something, call your tax pro before you respond.

Questions about your cash records? Free 15-min intro at bbsi.tax/contact-us

AI can read your return. It can't plan your year.Let it help you get organized, then bring a strategist in for the plann...
10/15/2026

AI can read your return. It can't plan your year.
Let it help you get organized, then bring a strategist in for the planning, the judgment, and signing.
And keep your SSN and bank numbers out of chat tools. bbsi.tax/contact-us

S-corp owners, the Social Security wage cap goes up to $192,300 in 2027.That might tempt you to trim your salary. Don't....
10/15/2026

S-corp owners, the Social Security wage cap goes up to $192,300 in 2027.
That might tempt you to trim your salary. Don't. A reasonable salary comes first, and the cap doesn't change that. What it does change is your payroll math, so plan it before January.
Free 15-min intro: bbsi.tax/contact-us

If you filed an extension in April, tomorrow (Oct 15) is the finish line for your 2025 return.The #1 mix-up we see: thi...
10/14/2026

If you filed an extension in April, tomorrow (Oct 15) is the finish line for your 2025 return.
The #1 mix-up we see: thinking extra time to file meant extra time to pay. It didn't. Any balance was due in April, so interest and penalties may already be adding up.
What to do now:
- File by tomorrow, electronically if you can.
- Pay what you can, even if it's not all of it.
- Can't pay in full? The IRS has payment plans at IRS.gov.
- In a disaster area? You may have more time. Check IRS.gov for your area.
Stuck or missing a document? Reach out today and we'll help you figure out your next step. bbsi.tax/contact-us

Mid-year mileage bump is easy to miss.2026 business rates:• Jan–Jun: 72.5¢ per mile• Jul–Dec: 76¢ per mileThat’s why you...
10/13/2026

Mid-year mileage bump is easy to miss.

2026 business rates:
• Jan–Jun: 72.5¢ per mile
• Jul–Dec: 76¢ per mile

That’s why you need to track miles all year — so you can deduct the first half and second half at the right rates (not one rate for everything).

EVs often do better on the mileage method than actual expenses.

Free 15-minute get-to-know-you intake: https://www.bbsi.tax/contact-us

More at https://www.bbsi.tax

Before you sign your tax return, ask these 4 questions:1. Do your 1099s, K-1s, and W-2s match what's on the return?2. Di...
10/12/2026

Before you sign your tax return, ask these 4 questions:
1. Do your 1099s, K-1s, and W-2s match what's on the return?
2. Did a sale or rental get left out?
3. Are all your estimated payments counted?
4. Did anyone talk strategy with you, or did they just enter numbers?
A second look before you file can catch small mix-ups that cost real money. It can be a person, AI, or both. Just don't skip it.
One rule: keep your SSN, bank info, and full return out of public AI tools.
Want a second set of eyes and a plan? Book a free 15-min intro at bbsi.tax/contact-us

Address

31600 Railroad Canyon Road A-111
Canyon Lake, CA
92587

Opening Hours

Monday 7am - 4pm
Tuesday 7am - 4pm
Wednesday 7am - 4pm
Thursday 7am - 4pm

Website

Alerts

Be the first to know and let us send you an email when BBSITax posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to BBSITax:

Shortcuts

Share