SAC Bookkeeping

11/25/2025

We've been nominated as a "Best of Fair Oaks" business in the bookkeeping category! Click the link here if you would like to vote.
https://www.bestoffairoaks.com/category/10110/best-bookkeeping-services

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Cast your vote for your favorites in town!

06/22/2025

What Is a Partial Sales Tax Exemption?

If you’re in manufacturing, R&D, farming, or certain non-profit sectors in California, you may qualify for a partial sales tax exemption, but what does that mean?

> It reduces the state portion of the sales tax (currently 3.9375% until 2030), while local and district taxes still apply.
> To claim it, your business must provide a valid partial exemption certificate (like CDTFA-230-M) at the time of purchase.

>> Example: If your total sales tax rate is 8.75%, only the state portion (7.25%) is eligible for the partial exemption. The exemption reduces just 3.9375% from that state rate, not from the full 8.75%. The remaining local and district taxes (1.5%) still apply in full.

So, a qualifying purchase would be taxed at approximately 4.81%, reflecting the reduced state rate plus the full local/district rates.

Have questions or need help making sure your invoices are set up correctly? I’m happy to help! sac-bookkeeping.com

06/18/2025

What you need to know about Sales Tax & SAAS in California

If you operate a SAAS (Software as a Service) business in California, understanding what's taxable and when to file sales tax is essential to staying compliant.

1. When to File Sales Tax in CA:
Monthly: If you collect over $1,200 in sales tax per month.
Quarterly: If you collect between $100–$1,200 per month.
Annually: If you collect less than $100/month.
Your due date is the last day of the month following the close of your filing period (e.g., Q1 ends March 31, so you file by April 30).

2. Do SAAS Companies Owe Sales Tax?
In California:
True SAAS (access to software via the cloud) is not taxable, since you're not transferring a physical product or downloaded software.
However, if your product includes downloadable software, customized development, or bundled taxable services, parts may be subject to tax.
If you sell hardware, physical media, or licenses along with your SAAS, those are taxable.

Pro tip: Even if your SAAS product is non-taxable, you still may need to register and file zero returns if you have nexus in California.

Stay informed — avoid penalties and surprises during an audit.

05/12/2025

PSA: Stay Alert: Scams Are Smarter Now

Scammers are stepping up their game, and so is their grammar. Thanks to AI, phishing emails and fake messages now look much more polished and convincing.

> Don’t trust texts or emails asking for personal info or account changes.
> Always call the company directly or log in to your account through the official website to verify any request.

What used to be obvious (bad spelling, awkward phrasing) is now subtle. Stay sharp, stay safe!

05/08/2025

Owner Draw vs. Payroll: Know the Difference!

As a business owner, how you pay yourself depends on your business structure, and getting it wrong can cause tax headaches. I see this frequently with S-Corp business owners who think they can solely take draws in lieu of payroll. This chart will help you understand the difference.

Have questions? Check out my AMA page, and I'll be happy to answer any concerns you have about your business. https://www.sac-bookkeeping.com/ama

05/04/2025

💡Did you know? As you start a new financial year, don’t forget to close out last year’s owner contributions and draws.

Create a journal entry dated the first day of your new financial year to move the balances in your Owner Contributions and Owner Draws accounts into Retained Earnings. This keeps your equity section tidy and ready for the new year’s activity.

Why it matters:
> Keeps your financials clean
> Gives you a clear picture of this year’s equity changes
> Prepares your books for tax filing or review
> Helps your tax preparer understand your need for payroll vs. draws on your business

Need help making the journal entry? Check out my AMA page and ask away!

ASk Me Anything Ask me anything about bookkeeping or my specific services below-no spam, just expert advice. Name * First Name Last Name Email Question * Thank you! Your question has been submitted. Check back soon for answers! How do I account for personal expenses I mistakenly charged on my credit...

03/17/2025

Exciting News! I’m officially a Certified Xero Advisor!

With my expertise in Xero and Quickbooks, I can help businesses streamline their accounting processes, improve efficiency, and stay on top of their finances. Whether you need assistance with bookkeeping, bank reconciliations, or financial reporting, I’ve got you covered.

If you’re looking to simplify your accounting and make smarter financial decisions, let’s connect!

03/09/2025

S-Corp Tax Deadline Reminder!

If your business is an S-Corporation, your 2024 tax return (Form 1120-S) is due by March 15!

✅ Make sure to file on time or request an extension to avoid penalties.

✅ Don't forget to distribute Schedule K-1 to shareholders for their personal tax filings.

✅ Need help organizing your books before filing? Let SAC Bookkeeping take the stress off your plate!

Visit www.sac-bookkeeper.com for a free 30-minute consultation. Let's keep your business on track!

02/09/2025

PSA for small & medium business owners:

If you ever get an email requesting a change to your banking information, ALWAYS call to verify!

We recently learned that one of our client's customers received an email that appeared to be from our accounting department, asking to change their bank account. Scammers are getting really good at making their emails look almost identical to the real thing, often just changing the user name!

Protect your business: Always verify these requests over the phone to ensure they’re legit. A quick call can save you from a costly mistake!