Layla the CPA

Layla the CPA CPA firm providing advisory and tax services to individuals, and businesses in the SF Bay Area

02/23/2026
Today’s the big day! Here’s what to do if   snuck up on you:If you’re stuck at work, check to see whether your employer ...
11/05/2024

Today’s the big day! Here’s what to do if snuck up on you:
If you’re stuck at work, check to see whether your employer or state allows time off for voting! ⏰
Not able to sneak away?
Check with your state to see what time polling locations close and head to your local polling location to make sure you have a chance to get your voice heard. 🗳️

Two words - Tax Plan
09/18/2024

Two words - Tax Plan

SPOILER ALERT: It’s ME! 😏  service providers (like your bookkeeper, accountant, lawyer, and consultant) fall under the “...
08/28/2024

SPOILER ALERT: It’s ME! 😏

service providers (like your bookkeeper, accountant, lawyer, and consultant) fall under the “Professional Fees” expense category for your business.

Ready to feel confident in your finances AND get a ? Let’s connect! 📲

Which type are YOU?! 👀If you’re in group number two - this post is for you. 🫵If you have all your tax documents ready to...
07/31/2024

Which type are YOU?! 👀

If you’re in group number two - this post is for you. 🫵

If you have all your tax documents ready to go, there’s NO reason to wait until the fall to file your return.

In fact, here’s why I think filing in the summer is better:

If you’re owed a refund, you’re going to get your refund sooner than if you wait to file in the fall! 💸

Another bonus?

Your tax accountant isn’t as swamped in the summer, and you don’t have to worry about rushing everything at the last minute to meet the deadline! 📆

Want to get the write-off for your business miles WITHOUT the hassle? 🚗📲 Download an app like  or  that automatically tr...
07/29/2024

Want to get the write-off for your business miles WITHOUT the hassle? 🚗

📲 Download an app like or that automatically tracks all of your trips.

At the end of the week, you can go back in and categorize all of your trips as business or personal. 💸

Don’t forget to include a note about the business purpose to keep your accountant happy!

It’s 1099 Season!  Are you a business owner that has made payments to a unincorporated entity or non employee for servic...
01/17/2024

It’s 1099 Season! Are you a business owner that has made payments to a unincorporated entity or non employee for services performed of over $600 in 2023? If yes, you should have a W-9 on file so that you can send them a 1099 before the Jan 31st deadline. If you need help filing 1099’s, or you need more information, we are here to help!

Business Owner PSA …..According to the IRS, you should be making estimated tax payments if you check these boxes:☑️ Self...
01/10/2024

Business Owner PSA …..According to the IRS, you should be making estimated tax payments if you check these boxes:

☑️ Self-employed individual (including partners and S-corp shareholders)

☑️ Expect to owe tax of $1,000 or more

However, you don’t have to make estimated tax payments if you check ALL of these boxes:

☑️ You had no tax liability for the prior year

☑️ You were a U.S. citizen or resident alien for the whole year

☑️ Your prior tax year covered a 12-month period

Consult with your tax accountant 🙋🏽‍♀️to determine whether you need to pay estimated taxes and how much you could owe.

Please note that corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.

💰 FRIENDLY REMINDER 💰Your final installment of 2023 estimated taxes is due on January 16th, 2024. If you're mailing your...
01/10/2024

💰 FRIENDLY REMINDER 💰

Your final installment of 2023 estimated taxes is due on January 16th, 2024.

If you're mailing your payment with Form 1040-ES, make sure it's postmarked by the due date! 📆

To avoid underpayment penalties, pay your correct estimated taxes on time.
Visit the IRS.gov/payments to learn about your other payment method options.

From my family to yours, Happy New Year!!!!  Wishing you a year filled with prosperity, peace, and remarkable joy.    #2...
01/05/2024

From my family to yours, Happy New Year!!!! Wishing you a year filled with prosperity, peace, and remarkable joy. #2024 #📸

📆 For business owners of an S-Corp or Partnership, March 15th is your business tax filing deadline. Plus, it's the deadl...
02/27/2023

📆 For business owners of an S-Corp or Partnership, March 15th is your business tax filing deadline. Plus, it's the deadline to elect to be taxed as an S-corp for calendar year 2023.

It just sneaks up on you - right?! If you won't be ready to file in time, let's get in touch to file for a 6-month extension to help you avoid penalties for failing to file!

If you're planning to extend your business tax filing, it probably makes sense to file an extension for your individual tax return while you're at it.

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San Fransisco, CA

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