Mar
24

Smart income and expense projection is something that any business can benefit from, but when it comes to saving on taxes, these projections become particularly important. Tax amounts depend greatly on income and expenses when it comes to all types o... Read More

Posted on Los Angeles Accountant Blog on March 24th, 2014


Mar
19

In today’s tough economic times, it can sometimes be difficult to get paid on time, but for any type of business, it is important that companies collect what they are owed. Without getting paid on time, a company cannot continue to profit or reinve... Read More

Posted on Los Angeles Accountant Blog on March 19th, 2014


Mar
5

When it comes to small businesses and reporting financial information, a new framework has been put into place that may make the process of reporting finances a bit easier. Often, small to medium sized privately owned businesses will use different me... Read More

Posted on Los Angeles Accountant Blog on March 5th, 2014


Feb
24

Are you making the most of tax benefits designed to offset some of the high costs of education? The American Taxpayer Relief Act of 2012, which settled the year-end fiscal cliff debate, extended the American Opportunity Tax Credit through 2017.The cr... Read More

Posted on Los Angeles Accountant Blog on February 24th, 2014


Feb
17

Imagine after sending in your annual tax return, you receive a notice from the Internal Revenue Service saying that another return has already been filed using your name and Social Security number—and claiming a refund. Sound impossible? It can hap... Read More

Posted on Los Angeles Accountant Blog on February 17th, 2014


Feb
13

You may have heard that there are new rules on estate taxes as a result of the new tax law enacted in early 2013. Effective Jan. 1, 2013, the top tax rate on estates rose to 40% from 35%, but no tax will be imposed on the first $5.25 million of an e... Read More

Posted on Los Angeles Accountant Blog on February 13th, 2014


Feb
10

Did you know that the average student loan balance is $24,803? Student debt is taking a heavy toll on borrowers, according to an American Institute of CPAs survey, which found that 75% of respondents or their children had made personal or financial ... Read More

Posted on Los Angeles Accountant Blog on February 10th, 2014


Feb
6

As of Jan. 1, 2013, there is a 3.8% net investment income tax on some categories of passive investment income for individuals, trusts and estates that exceed certain income thresholds. As a result, it is in your best interest to identify these incom... Read More

Posted on Los Angeles Accountant Blog on February 6th, 2014


Feb
3

Do you work at home or have a home-based business? If so, you should be aware that the IRS has created a simpler option for calculating the deduction for the business use of your home. The new option makes recordkeeping easier because, instead of mai... Read More

Posted on Los Angeles Accountant Blog on February 3rd, 2014


Jan
23

Too often natural disasters strike and serve as reminders that it’s important for both individuals and businesses to protect themselves against the potential financial consequences of such events. A few smart steps we recommend include making elect... Read More

Posted on Los Angeles Accountant Blog on January 23rd, 2014