Scott B. Price and Company has been providing professional services to individuals and small businesses for over 25 years. Our firm consists of a team of twelve accounting professionals. Our team serves clients in the Bay Area and nationwide with accounting, compilation, review, audit, tax planning and compliance, as well as software consulting, implementation of accounting software, budgeting, and forecasting. Our clients span a wide range of industries and consist of individuals, partnerships, small businesses, start-up companies, non profit organizations, estates, and trusts.
Our website features information about our firm, news from the accounting industry, and certain tools and calculators designed to help you with high level analysis and quick reference. We hope you find the site useful and informative.
Some of the tools, links, and news on our website provide general calculations and guidance without consideration of particular laws, thresholds and circumstances which vary from situation to situation. We advise you to schedule an appointment to speak with one of our professionals to discuss your personal financial situation prior to making any significant decisions with regards to these matters.
November 24, 2014
As the current tax year draws to a close, we encourage you to begin assembling information that will be needed to prepare and file your 2014 Annual Information Tax Returns; Form 1096, 1099 and in some instances, Form 1098 (Mortgage Interest Statement). Form 1099-MISC is the most common information return that business entities, self-employed individuals and those who own rental or farm properties are required to file to report non-employee compensation, legal fees or rents paid during the calendar year. Form 1099-INT is used to report interest paid and Form 1099-DIV is used to report dividends paid. Entities or individuals who collect mortgage interest on any one mortgage in the calendar year must file Form 1098 to report the interest to the payor. read article
Home Office Deductions
August 19, 2014
With the increase in telecommuting, many more of our clients are now working remotely, spending substantial amounts of time working in an office physically located in their home or perhaps in a separate structure located on their property. As this situation is becoming more common, we would like to discuss the home office expense deduction. You may work out of your home as a business owner or as an employee. However, in order to take a deduction for home office expenses, the home office must qualify as such under strict rules governing the deduction. read article
Tax Provisions Set to Expire
November 14, 2013
Dear Valued Client, read article