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Catch All Bookkeeping

Virtual bookkeeping services for small businesses in the US.

Expertly Managing Your Books and Taxes: Leave it to Us

Catch All Bookkeeping takes the hassle out of managing your business and personal finances. We provide the best bookkeeping services, improving your financial processes and saving you time and money. Trust us to handle all aspects of your company’s books and taxes with accuracy and compliance, so you can focus on growing your business.

29/09/2025

Few estate planning subjects are as misunderstood as probate. It’s a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves creditors’ claims, provides for the payment of taxes and other debts, and transfers assets to your heirs. Depending on applicable state law, probate can be expensive and time consuming. There are strategies to avoid (or minimize) probate. For smaller estates, title assets in a manner that allows them to be transferred directly to your beneficiaries outside your will. Contact us at (408) 921-6211 with questions.

26/09/2025

When your business hires independent contractors, you’re generally not responsible for withholding tax from their compensation. But there are circumstances in which you should withhold a certain percentage of tax (backup withholding) to help ensure the IRS receives it. The most common reason is that a contractor has failed to provide a valid Taxpayer Identification Number, such as a Social Security number. In such cases, you should withhold 24% of the payment and deposit that amount with the IRS using Form 945. At the end of the year, provide the contractor with a Form 1099 that reports the amount you paid and the amount you withheld. Contact us at (408) 921-6211 with any questions.

24/09/2025

We offer business tax services, including strategy, compliance and return preparation. From quarterly filings to year-end planning, we help minimize liabilities and maximize tax breaks — so you can stay focused on growing your business. Whether you’re a sole proprietor, C corporation, S corporation, partnership or LLC, let us simplify taxes for you. Contact us at (408) 921-6211.

22/09/2025

Thinking about saving for a child’s education? A Section 529 plan is a tax-advantaged option. There are two types: savings plans and prepaid tuition plans. The right plan for you depends on factors such as your financial goals, where the child might attend school, and what costs you want to cover. Let’s review your options together. Call us at (408) 921-6211.

19/09/2025

During the lengthy debate over provisions of the One Big Beautiful Bill Act, we often heard tax deductions described as “above-the-line” or “below-the-line.” What’s the difference? The “line” refers to the place on your tax return that lists adjusted gross income (AGI). Above-the-line deductions reduce income before calculating AGI. This can lower taxable income and help you qualify for other breaks tied to AGI. Examples include IRA contributions, student loan interest and HSA contributions. Below-the-line deductions are taken after AGI, so they reduce taxable income but not AGI. Examples include the standard deduction, itemized deductions and the qualified business income deduction. Call us at (408) 921-6211 if you have questions.

17/09/2025

You’re never too young to start planning for retirement. We can help you juggle multiple financial goals, including saving for a home, your children’s education and a secure retirement. Contact us at (408) 921-6211 to discuss tax-advantaged retirement plans as well as other investment opportunities, income tax-reduction strategies and risk-mitigation measures (such as insurance). On the other hand, are you getting a late start? We have tips for making and reaching aggressive retirement savings goals.

15/09/2025

If you're self-employed and use part of your home exclusively and regularly for business, you may qualify for home office tax deductions. You can deduct a portion of your rent, mortgage, utilities and more. There’s even a simplified option if you don’t want to keep track of all the costs. Don’t wait until tax time: Start tracking your expenses now. Questions? Contact us at (408) 921-6211 to see if you qualify. We’re here to help!

12/09/2025

Did you know that you may qualify for a tax deduction if you’ve incurred unreimbursed medical expenses that exceed 7.5% of your adjusted gross income? To qualify for the deduction, the expenses must be paid specifically for medical or dental services, prescription drugs, insulin, medical equipment and supplies, medical insurance premiums, transportation needed to get medical care, and other eligible goods and services. The qualifying medical expenses can be incurred by you, your spouse or your dependents. The medical expense deduction is an itemized deduction and is reported on Schedule A of Form 1040. For more information: https://bit.ly/3zDg8C0 or contact us at (408) 921-6211 with questions.

10/09/2025

Tax law changes make it even more important to have a knowledgeable tax professional on your side. We can help you stay on top of changes, make informed decisions year-round, and avoid costly surprises. And when the 2025 tax filing deadline approaches next April, we can save you time, headaches and taxes by preparing your return. If you want clarity and confidence around your taxes, we’re here to help. Call us at (408) 921-6211.

08/09/2025

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter, more flexible approach, updating your projections throughout the year to reflect real-time changes in your business, industry and market. They complement your annual budget and help you make better decisions, faster. Want to improve your forecasting and budgeting? Let’s talk. Call us at (408) 921-6211.

05/09/2025

If a couple gets separated or divorced, it affects their tax obligations. The IRS considers couples married for tax purposes until a final decree is issued. After separating or divorcing, update your Form W-4 with your employer and check withholding using the IRS estimator. Certain alimony payments may be deductible by the payer and taxable to the recipient unless the payments are for child support, property settlements or voluntary payments. Only one parent can claim a child as a dependent. Property transfers due to divorce typically aren’t taxed but may require a gift tax return. Contact us with questions at (408) 921-6211. For more details from the IRS: https://bit.ly/3HeJ1Zp

03/09/2025

Don’t let inherited retirement account rules catch you off guard! Most nonspouse beneficiaries must fully withdraw inherited IRA or 401(k) funds within 10 years if the original owner died after 2019. Depending on the situation, you may not have the option to wait and take a lump-sum distribution at the 10-year mark but instead be required to take annual required minimum distributions (RMDs). Not taking an RMD can trigger a penalty equal to 25% of the missed RMD. Could you be affected? Let’s review your circumstances together. Call us at (408) 921-6211.

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http://www.catchallbookkeeping.com/

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