The Busy Bee Blog

What is the $75 Rule?

What is the $75 Rule?

The $75 rule says that you don't need a receipt for some business costs that cost less than $75. But as small business tax advisors, we want to stress that not all tax deductions follow this rule....

Featured On KRCA News Segment

Featured On KRCA News Segment

We recently enjoyed being included in a news segment on KRCA. KRCA is one of Sacramento's top news channels and it was an honor to be on the segment. View the video below and check out the article...

FREE Money!?!? But Is It Taxable?

FREE Money!?!? But Is It Taxable?

Chances are you are one of the more than 16.5 million Californian’s who received the Middle Class Tax Refund. Eligibility is determined by current California residency, timely filing of 2020 taxes...

Depreciation of Real Estate

Depreciation of Real Estate

When you own rental property, depreciation is your best friend. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, in which...

Is It A Business Or Is It A Hobby?

Is It A Business Or Is It A Hobby?

Are you a part of the growing gig economy? Do you run a side hustle? Wondering if it’s a business or a hobby? Are you reading this and wondering why you should care? For the purpose of taxes these...

A Word About Self-Directed IRAs

A Word About Self-Directed IRAs

Tax-advantaged retirement accounts such as IRAs are a great way to save for retirement. But when you establish a traditional IRA with a bank, a brokerage, or a trust company, you are ordinarily...

2021 Tax Credits to Know

2021 Tax Credits to Know

For tax year 2021, Congress is giving away billions of dollars in additional tax credits on your Form 1040 individual tax return. These temporarily expanded tax credits include the child tax credit,...

Contact Us

"*" indicates required fields

NAME*