Turner Accountancy

Turner Accountancy Mission:
Providing a service for our clients that will surpass their expectations and give them the tools to build a solid financial foundation.

"Services being offered do not require a state license."

10/15/2025

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, by President Trump, marks the end of the IRS's free tax filing programs. This includes the termination of the IRS Direct File and IRS Free File programs. The U.S. House of Representatives proposed that the Direct File program conclude by December 31, 2025, impacting the 2026 tax season.

If you are using this program or have questions for how to file for the upcoming year, please feel free to contact our office.

Tax season is just around the corner, and the IRS has officially announced that it will begin accepting business tax ret...
01/06/2025

Tax season is just around the corner, and the IRS has officially announced that it will begin accepting business tax returns at 9:00 AM Eastern Standard Time on Tuesday, January 15, 2025. This marks the start of the filing season for businesses, providing an opportunity to get a jump start on meeting important tax obligations.

Personal returns typically open the last week of January. Projected date January 27th.

If you have any questions or need help this tax season, please give our office a call.

Just a reminder taxes are due tomorrow. (There are a few states that have extension extension deadlines, please feel fre...
10/14/2024

Just a reminder taxes are due tomorrow. (There are a few states that have extension extension deadlines, please feel free to reach out to see if that is you.)

Also, reminder that 2021 tax returns will not be eligible to efile starting next year and refunds on any of the 2021 returns will not be issued. (3 year window for refunds)

UPDATE: As of December 3, 2024, this requirement has been placed on hold.The Beneficial Ownership Information Reporting ...
08/23/2024

UPDATE: As of December 3, 2024, this requirement has been placed on hold.

The Beneficial Ownership Information Reporting Rule went into effect Jan. 1, 2024, and many reporting companies have critical deadlines to file this year. It’s important to understand this new law given the severity of criminal and civil penalties for failure to file.

Let us help you file your Initial Beneficial Information Ownership report quickly and accurately. Visit our website or call us today.

https://www.turneraccountancy.com/boireport

CALIFORNIA: Beginning April 1, 2024, the minimum wage for many fast-food employees will be $20 per hour.Detailed FAQs ar...
03/19/2024

CALIFORNIA: Beginning April 1, 2024, the minimum wage for many fast-food employees will be $20 per hour.

Detailed FAQs are available in comments.

IRS ALERT: The Employee Retention Credit was initially put in place in 2020 as way to provide financial relief to busine...
02/13/2024

IRS ALERT:

The Employee Retention Credit was initially put in place in 2020 as way to provide financial relief to business impacted by the COVID19 pandemic. However, claiming this credited required business to adhere to specific criteria outlined by the IRS. In light of that the IRS has issued an alert notifying individuals who may have claimed the credit erroneously without meeting the requirements the opportunity to correct their mistake by completing a voluntary disclosure form.

To read more information please visit link in comments.

If you have any questions feel free to contact our office.

In accordance with new IRS regulations, beginning January 1, 2024, Clean Vehicle Tax Credits must be initiated and appro...
02/07/2024

In accordance with new IRS regulations, beginning January 1, 2024, Clean Vehicle Tax Credits must be initiated and approved at the time of sale.

Buyers are advised to obtain a copy of the IRS’s confirmation that a “time of sale” report was submitted successfully by the dealer.

Read comment posted or go to IRS publication 5900 to learn more!

The Tax Relief for American Families and Workers Act of 2024, passed by the House of Representatives on January 31st, 20...
02/01/2024

The Tax Relief for American Families and Workers Act of 2024, passed by the House of Representatives on January 31st, 2024, and is off to the Senate.

This act will:

Provide support to low-income families dealing with inflation by incrementally increasing the Child Tax Credit refundable portion for the years 2023, 2024, and 2025.

It also includes several business breaks aimed to stimulating economic growth and job creation and other reliefs and recognitions.

If you have any questions on how this will impact your taxes or if you should wait to file, feel free to send us a message or give our office a call.

Address

355 K Street Ste F
Chula Vista, CA
91911

Opening Hours

Monday 8:30am - 4am
Tuesday 8:30am - 4am
Wednesday 8:30am - 4am
Thursday 8:30am - 4am
Friday 8:30am - 4am

Telephone

(619) 420-6652

Website

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