• 

  Tax Deductible Donations: Effective Ways To Get Back While Giving Back

  Whether you’re an individual or run a business, it’s important to know that not all deductions are treated equally. Working with a qualified CPA will ensure that you know how to properly handle charitable donations, as the rules can be quite complex. 

  Read More →

  ---

• 

  Tax Preparation and Planning: Eliminate Surprises on Tax Day

  Check back for our monthly posts on taxes, we’re Glendale tax accountants helping some of the best companies in Glendale. One of the most dreaded words for the average person is to hear “taxes”. The connotation is money that needs to be paid no matter what and a sneaking concern that there will be an amount owed. You will find taxpayers who would rather get large refunds then deal with the possibility of owing taxes at the time of filing even though this is not a good money management strategy. This post will try to help bring a rationale approach to getting ready for tax filing time and planning so there won’t be surprises. The first item that needs to be defined is what type of income are you going to need to report. There are three different categories that you will typically fall into: Employee, self-employed and passive income which is dividend, interest, and rental income as examples. Passive income from an income tax point of view is more limited then the list above but conceptually understanding this group as passive is the easiest way of think about it as you are not actively involved in the earning of that income as you would with a normal job.

  Read More →

  ---

• 

  Financial Statements Explained

  We’re proud to be Glendale accountants helping some of the best companies in Glendale. You are running your business and making sure that you are servicing your customers in the manner that you know they deserve. You treat your employee with value and try to keep them challenged. Your sales are hot and growing but something is wrong. Every time it comes for paying bills there seems to be a shortage of cash. There are many things that can create this situation. Some are problematic and some are unique to running your business. This leads to the question of what reports to look at and what information do they give you?

  Read More →

  ---

• 

  Vendor Discounts + Rebates: Should I Take Them?

  As a group of leading LA accountants, we’re glad to provide useful information that may help you in establishing your business. Vendors quite often offer customers that have significant sales with them rebates and discounts. Should a customer take advantage of these opportunities and what are the down sides of these offers? A client of mine came to me to ask me to analyze what would be the most beneficial in their circumstance.

  Read More →

  ---

• 

  Year End Tax Planning

  We’re Los Angeles CPAs helping some of the best companies (and individuals!) in greater Los Angeles. The year 2020 isn’t coming to an end soon enough for many people as we head to the end of the year. With the end of year coming it is a good time to finalize tax planning to reduce your taxes. In this post we will discuss some opportunities and items to check prior to yearend.

  Read More →

  ---

• 

  I’m Creating My Own Business, What Entity Should I Use?

  As one of the leading Burbank Accounting Firms, we’re glad to provide useful information that may help you in establishing your business. You have made the big leap for various reasons to open your own business. The thought of being without a safety net can be daunting and there are so many things that you don’t know combined with great uncertainty, the whole thing can feel overwhelming. The good news is you’re joining a large group of individuals. There are over 28 million small businesses which is 99% of all firms and the vast majority have less then 20 employees with 40% grossing less then 100,000 dollars. Besides the independence and capability to make ultimate decisions, a reliable source to wealth and financial independence has been found consistently with small business ownership.

  Read More →

  ---

• « Previous Page
• 1
• 2
• 3
• Next Page »