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Interested in expanding your business? Acquiring a new business? We can help you run the numbers to see if your plan is financially viable.
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From basic bookkeeping to complete outsourced accounting, from managing your payables and receivables to preparing your quarterly and annual payroll and sales tax filings, we can help you tailor a solution that will meet your business’ needs.
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Feeling dragged down every spring?
April 15 does not need to be the albatross on your calendar.
We are a California Registered Tax Preparer and Authorized IRS e-file Provider. We provide comprehensive tax preparation and filing services for both individuals and small businesses. From Form 1040 to Form 9465, from Schedule A to Schedule SE, from regular returns to amended returns, as well as quarterly and annual payroll tax filings, we can help you navigate the labyrinth of IRS forms and regulations.
With Cosmo Services, you can circle April 15 on your calendar with joy!
The filing deadline to submit 2016 tax returns is Tuesday, April 18, 2017, rather than the traditional April 15 date. In 2017, April 15 falls on a Saturday, and this would usually move the filing deadline to the following Monday — April 17. However, Emancipation Day — a legal holiday in the District of Columbia[…]
The quarter percent state-wide sales and use tax rate hike that was approved in Proposition 30 and went into effect January 1, 2013, expired on December 31, 2016. With the exception of the cities of San Mateo and Half Moon Bay, the sales and use tax will drop from 9 percent to 8.75 percent throughout[…]
Normally, people associate April 15 with the deadline for filing individual tax returns. However, this is not always the case. In 2016, April 15 is a holiday in Washington DC. Emancipation Day is a legal holiday in DC and is observed on April 16 every year. Since April 16 falls on a Saturday in 2016,[…]
With the stroke of a pen by President Obama, a temporary tax break for small business capital investments has become permanent. Known as Section 179 deduction, in reference to the section of the United States Internal Revenue Code, this tax provision allows qualifying capital expenditures to be written off, or expensed, immediately on a business’s[…]
A slew of federal tax changes came into effect in 2013. Here is a recap. New Income Tax Rates The top tax rate of 39.6% was re-introduced in 2013 with the American Taxpayer Relief Act (ATRA). This new rate affects single filers with taxable incomes above $400,000, married joint-filing couples with taxable incomes above $450,000,[…]
As a result of voter approval of San Mateo County’s Measure A, the sales and use tax paid on the purchase of goods and services in San Mateo County will be increased by one-half cent for 10 years. With the exception of the cities of San Mateo and Half Moon Bay, the sales and use[…]
The Fiscal Cliff deal Congress passed shortly after New Year affects your tax situation for both 2012 and 2013 (and beyond). Here is a breakdown: Income Tax Rates The Bush era tax rate cuts enacted in 2001 and 2003 are permanently extended for single filers with taxable incomes below $400,000 and joint filers with taxable incomes[…]
While the nation is focusing on the tax implications of the ongoing fiscal cliff negotiations for 2013 and beyond, few realize there are also tax implications that will affect tens of millions of Americans for the 2012 Tax Year in the form of Alternative Minimum Tax (AMT), and time to address them is running out.[…]