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We Supply Los Angeles Financial Advising

Los Angeles Financial Advising

TaxPlus is proud of the Los Angeles financial advising services we offer. If you’re looking to get a head start on your retirement plans we can help. Wondering if a certain investment is right for you? Why not let our team of experts guide you through the process? Individual investments can be tricky landscapes to […]

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Will I Have To Pay The IRS For My Tax Debt Forever?

Tax Debt

A frequent question we often hear is “Can the IRS collect my tax debt from me for the rest of my life?”  Fortunately, the answer is no. The IRS has 10 years to collect any taxes you owe.   The 10 years starts to run from the date the IRS first assesses the taxes against you.  […]

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Los Angeles Profit and Loss Statements and Moving your Business

Los Angeles profit and loss statements

When you first set out on the business trail you need to get your finances in order and profit and loss statements in Los Angeles are an important part of that. Once your business is up and running, you might decide to move it for a variety of different reasons. Here’s a few tips that […]

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How Do I Qualify For An Offer In Compromise?

Offer In Compromise

An Offer in Compromise (OIC) allows you to settle your tax debt for less than the amount you owe.  However, just because the IRS accepted an OIC for your neighbor, co-worker or friend, does not mean that you will necessarily qualify for an offer.  An OIC may be an option for you if you can […]

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Some Big Ideas About Small Business Financial Statements

Los Angeles financial statements

Financial statements are as important to a growing business as a good product and marketing plan. These are important to staying compliant with all government regulations. These statements are essential if you get audited so you can back up any of your claims. Backing up all of your financial statements in Los Angeles is important […]

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Tax Implications Of The Sharing Economy

If you are an Uber or Lyft driver, rent out a room through Airbnb or provide a number of other goods or services through an online platform, you are involved in the “sharing economy.”  This is also known as the on-demand, gig or access economy.  In the last few years, the sharing economy has emerged […]

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“Need to Know” Accounting Software Tips from Your Quickbooks Certified Proadvisor

Quickbooks certified proadvisor

If you own a small business you’ll see the need for Quickbooks certified proadvisor services. It’s important to have a team of experts on your side who can help you through what can be a complicated tax landscape. Most small business owners know that balancing their accounts is a task they don’t look forward to. […]

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Do I have a hobby or a business for tax purposes?

Many people choose to pursue a hobby such as jewelry making, boat racing, coin collecting, baking, photography or showing dogs. A hobby is something you pursue as a sport or for recreation or because you are passionate about it, but not to make a profit. However, you can make money from some hobbies and incur […]

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