LF Cochrane & Associates

01/28/2022

My business is sponsoring the Annual Alameda Whiskey Stroll for the 4th year!

Tickets on sale today, Friday 1/28 at 1pm.
Event date, Friday 3/4 at 6pm.

The event usually features 12+ local distilleries at 12 different Alameda businesses- Sip and stroll your way through our historic downtown district tasting premium craft whiskeys served neat and paired with yummy bites. Enjoy an evening filled with food, drink, and entertainment while learning about the unique styles of Northern California distillers and local chefs. It will be a great time!

Buy your tickets now:

Taste premium craft whiskeys and learn about select Northern California distillers as they showcase their unique styles at the 4th Annual Downtown Alameda Whiskey Stroll.

01/16/2021

05/05/2020

The tax laws have been evolving rapidly over the last few weeks and we wanted to provide you with some guidance to help during these trying times. This presentation is for Individuals. Please find business specific presentation in a previous post.

As of today, there are several national programs designed to keep you as financially solvent as possible until we get back to the “new normal” of everyday life. The most significant pieces of legislation include:

● The CARES Act – signed into law on Friday March 27th.
● Families First Act – signed into law on March 18th.
● Governor Gavin Newsom’s Executive Orders and other actions.

Please INVITE any other individuals that want to know their options.

The webcast will include:
● The filing tax delay - news and update
● The stimulus rebate payments - news from the IRS and an update on client questions
● Other individual changes- charity, medical and student loans
● Coronavirus "disaster” loss reimbursements- §139
● Retirement plan changes

05/04/2020

The tax laws have been evolving rapidly over the last few weeks and we wanted to provide you with some guidance to help during these trying times. This presentation is for businesses. Please find Individuals specific presentation in a the next post.

As of today, there are several national programs designed to keep your business intact and ready to reopen under the “new normal” business conditions, keep your employees engaged with your business, keep essential workers working, and reduce the record numbers of people applying for unemployment. The most significant pieces of legislation include:

● The CARES Act – signed into law on Friday March 27th
● Families First Act – signed into law on March 18th
● Executive Orders by Gavin Newsom.

Please TAG any other business owners that want to know their options - this includes businesses that are sole proprietors

- The webcast will include:
- The filing tax delay - news and update
- Paycheck Protection Program loans
- Sick leave and Family leave details
- Employer Retention Payroll Tax Credit rules
- Employer payroll Tax Delay procedures
- Other business changes - NOLs, §461(l), §163(j)- and more

03/08/2020

Here's another article, #6 is me:

Changing rules have led to taxpayer confusion. We asked accountants and other specialists to help sort it all out.

03/06/2020

I am in the New York Times today:

Software can’t stop you from committing human errors. And life gets complicated for everyone, from Airbnb hosts to widows.

01/14/2020

Thank you for this opportunity Azlo!

Azlo offers convenient, online business banking that’s designed to help freelancers, entrepreneurs, and founders start and grow their businesses.

azlo.com

Click this link to be directed to 6 videos that every new entrepreneur should watch:

https://www.youtube.com/playlist?list=PLlu1sxYh7FKsxteKk2mG4IT534LmMk7RfSending.

11/24/2018

https://www.whitecoatinvestor.com/how-to-find-a-great-cpa/

Johanna Fox Turner discusses whether or not you need a professional tax preparer and, if you do, provides a four step process to help you find that person.

11/01/2018

November 1st is here. Time for some year end planning. For straight forward returns I recommend looking at 2017 total taxes due and comparing that to your paycheck withholdings. Are the numbers similar or far off?

10/24/2017

The Affordable Care Act (ACA) advertising budgets were cut by 90% the year. For California this is known as Covered California. Please share that open enrollment is from November 1st- December 15th. Please don't let people miss the opportunity to decide on health insurance coverage there are penalties for going uninsured for more than two months.

10/13/2017

California Fires and Tax Deadlines

Affected taxpayers are granted an extension to file 2016 California tax returns and make payments until January 31, 2018.

Taxpayers may deduct a disaster loss for any loss sustained in California that is proclaimed by the Governor to be in a state of emergency. For a complete list of all disasters, see the “Qualified Disasters” chart on FTB’s Disaster Loss webpage. This disaster page also has information on extended deadlines, filing instructions, and obtaining free copies of state returns.

In addition, we automatically follow federal postponement periods for any presidentially declared disasters, such as Hurricanes Harvey, Irma and Maria. For instance, if Hurricane Harvey impacted a taxpayer who earns income in California, that taxpayer has extra time to file a California tax return. For more information, see the IRS Offers Help to Hurricane Victims News Release. A variety of returns, payments, and tax-related actions qualify for additional time. Also see the disaster relief page on

The Internal Revenue Service is the nation's tax collection agency and administers the Internal Revenue Code enacted by Congress.