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U.S. Corporation Income Tax Return
By: Sonia Lee Ng, CPA Date: September 15, 2025 Introduction Form 1120 is used by all C Corporations, including LLCs taxed as...
Sonia Lee
Sep 15, 20252 min read
U.S. Return of Partnership Income
By: Sonia Lee Ng, CPA Date: September 8, 2025 Form 1065 This is an information return that partnerships file to report their income,...
Sonia Lee
Sep 8, 20253 min read
S Corporations Income Tax Return
Summary of Tax Form 1120-S for S Corporations
Sonia Lee
Sep 1, 20254 min read
Get your Small Business Accounting Tax-Ready for 2025
By: Sonia Lee Ng, CPA Date: August 27, 2025 Introduction In this article we summarize accounting aspects that small businesses should...
Sonia Lee
Aug 27, 20256 min read
Business Taxes
Date: August 26, 2024 By: Sonia Lee Ng, CPA Depending on how your business entity is structured to operate determines how it is taxed....
Sonia Lee
Aug 26, 20255 min read
Highlights About the One Big Beautiful Bill Act (OBBBA)
Date: August 7, 2025 By: Sonia Lee Ng, CPA This Bill was signed into law on July 4th, 2025. Public Law 119-21 Disclaimer The information...
Sonia Lee
Aug 25, 20256 min read
Need Accounting Books Cleanup?
Date: November 18, 2024 Cleanup By: Sonia Lee Ng, CPA Many small business owners prefer to do their own bookkeeping, but sometimes if...
Sonia Lee
Nov 18, 20242 min read
Bank Reconciliation Process
Date: March 4, 2024 by: Sonia Lee Ng, CPA bank document Bank reconciliation is considered a detective internal control since it verifies...
Sonia Lee
Mar 4, 20243 min read
Internal Controls for Small Businesses
Date: February 26, 2024 By: Sonia Lee Ng, CPA Even though the Sarbanes-Oxley Act of 2002 only applies to publicly traded companies, it...
Sonia Lee
Feb 26, 20244 min read
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
Date: November 14, 2023 By: Sonia Lee Ng, CPA Starting January 1, 2024, a significant number of businesses will be required to comply...
Sonia Lee
Feb 24, 20243 min read
Navigating the Waters of Personal Finances: A Guide to Home Buying
Keys for a new house Date: January 19, 2024 By: Sonia Lee Ng, CPA, CPFC® In the journey of life, one of the significant milestones for...
Sonia Lee
Jan 19, 20242 min read
Impuestos de Individuos: Credito del Ahorrador 2023 (Forma 8880)
Fecha: 25 de noviembre de 2023 Crédito tributario por realizar aportaciones elegibles a su cuenta IRA o plan de jubilación patrocinado...
Sonia Lee
Nov 25, 20231 min read
How to Prepare a Statement of Cash Flows
By: Sonia Lee Ng Published: July 3, 2023 The Statement of Cash Flows The Statement of Cash Flows is a financial report that details the...
Sonia Lee
Oct 4, 20233 min read
Business Structures
Updated: August 19, 2025 Depending on the nature and business or entity structure, entrepreneurs should become familiar with federal,...
Sonia Lee
Jun 28, 20239 min read
Herramientas de Contabilidad y mucho más para su negocio
Herramientas de Contabilidad para empresas
22 de mayo de 2019
Sonia Lee
Jun 28, 20235 min read
The Importance of Savings
By: Sonia Lee Ng, CPA, CPFC ® Updated: 8/19/2025 Many people overlook the importance of saving. Saving is paying ourselves. "Don't save...
Sonia Lee
May 21, 20215 min read
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