Change The Date Initiative
February 12th, 2018
Each year, unbeknownst to many who are self-employed, business owners, or independent contractors, the City of Los Angeles requires everyone conducting business within the city limits to register his or her business and file a Business Tax Registration Renewal by February 28th. The major tax filings, Federal and State, on the other hand, are not […]
Understanding New Tax Law Changes in 2018
January 23rd, 2018
SUMMARY OF NEW TAX LAW CHANGES Recently, the President signed the most substantial tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA). While your 2017 tax returns will be prepared under the old laws, your 2018 tax return will look very different. Since most of the changes don’t happen until 2018, […]
Understanding AMT, Until It Gets Axed!
August 10th, 2017
President Trump is proposing to ax the alternative minimum tax, but for now we can’t ignore it for tax planning. What is the AMT? AMT stands for Alternative Minimum Tax. It is a second taxing system that the government runs your returns through to see if adjustment items apply. In most cases, unfortunately, these […]
The Business To-Do
March 18th, 2017
We’re sure you’ve heard the saying, “God is in the details.” Unfortunately, every year the IRS is in your details, and at a level that makes everyone a little panicky. However, just keeping minimally organized before you come see us will make all of this go smoother. We’ve put together a Business Tax Preparation Checklist […]
How Do You Eat an Elephant?
March 7th, 2017
Pulling together all the paperwork and reconciling your accounts is not very much fun (although we think it is). There’s an old axiom that asks: how do you eat an elephant? The answer? One bite at a time. This is the time of year when it’s very helpful to remember that, so here are a […]
