As we speak, an economic stimulus payment is en route to many taxpayers across the country. This payment will provide some much needed relief, in conjunction with increased unemployment income or one of the SBA loans, to many...Read More
There are over 74,000 pages in the Internal Revenue Code governing taxes with close to 50,000 of those pages added since 1984. If the tax code continues to grow at the same pace as it has over the course of the last century, it could surpass 100,000 pages by 2050.
Stop and think about that for a moment.Taxation has continued to evolve into an ever winding road filled with twists, turns, changes and challenges that impact the course of our daily social and economic objectives. Whether you are an individual or business, employee or independent contractor, someone who is just starting their working career or looking forward to retirement, this blog is intended to help educate you and inspire you in to actively making smarter financial decisions. We will cover topics that make headline news and those that can go seemingly unnoticed to the general public. Why? We believe that you should be able to keep as much money as you earn because you worked hard for it. As we continue to write on various topics, feel free to reach out to us about something you want to learn about and we will make it happen.
We thank you for taking the time to be part of our ever growing family and we are looking forward to the future while taking care of the present.
~Aimee and Mark
COVID-19 has impacted the global economy by directly affecting production of goods & services, creating supply chain disruption and financial markets. With the CARES Act passed, which included an unprecedented $2.2 trillion dollars in...Read More
Here in California, we know a lot about taxes. It feels like everywhere we turn, we are paying taxes: Sales taxes, payroll taxes, property taxes, gasoline taxes....the list goes on and the amounts for each continue to grow. As a...Read More
Airbnb is just over 11 years old. The online marketplace created a host of opportunities that spawned the "sharing economy". From Airbnb offering arrangements on lodgings and tourism experiences to Uber and Lyft offering alternatives...Read More
Everyone, BIG NEWS!!!! After a lot of research and information gathering, Guirguis & Gibbs, Inc. is happy to announce that we can offer business entity setup services. This allows us to be at the very beginning of your entrepreneurial...Read More
California... Once renowned for being the land of movie stars, cheese and cuckoo cuckoo clocks, I think it is obvious for anyone who lives here or has visited the state, know that we get plenty of sunshine year round. With the costs of...Read More
With the discussion of student debt being a hot topic among politicians, vying for an opportunity to claim the White House as their own, many have leveraged the ballooning situation as a way to garner votes, focusing on those burdened...Read More
Hi everyone, I thought I would write about a story we recently experienced with a client ( now, ex-client) and how this can impact anyone who fails to properly tax plan. This client came to us at the beginning of 2019. The client runs...Read More
Hello everyone, Just a quick note to let everyone know I haven't fallen off the earth. I have been working hard for clients, all hours and all days of the week (did anyone create an 8th day of the week, because I could use it!). I am...Read More
Back in January, I wrote the President the United States on my views on our current healthcare system. Healthcare has been a troubling issue in our country, most recently, within the last few years. Speaking with many individual...Read More
Fiscal Policy. Monetary Policy. We hear these phrases anytime we utilize our preferred means of digesting businessRead More
I am a major coffee drinker. My staff knows I am a major coffee drinker. It is a running joke in our office as I like to have 2 cups around the morning time and then 1 more cup in the afternoon. I don't hide the fact that I operate on...Read More