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 […]
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. […]
Millennials generally have a hard time of it. They generally have a reputation as bad money managers and prime candidates for the bigger penalties like state wage garnishment. That said, we’re always interested in informing our potential and current clients about what they should and should be doing with their money. That’s why we’ve put […]
As a sole proprietor, it’s important to stop tax garnishment in California and steer clear of any other type of tax problems with the government. TaxPlus offers bookkeeping services that can keep everything in order so people who run their own businesses can avoid unnecessary problems. One of the advantages these businesses get when they […]
We always tell our clients it’s in their best interest to avoid California tax levies at all cost. These are generally considered one of the harshest levers the IRS can pull and they include forfeit and seizure of assets. On the other side of that coin, TaxPlus offers the kind of audit representation that’s top-notch […]
There are folks who hold back taxes in California and Los Angeles who defend the fact they procrastinate on filing. Then there are those who actually forget to file by the deadline and others who simply avoid taxes altogether. Avoiding your yearly tax return has some big consequences and we’ve put together a list of […]
On November 8, 2016, Proposition 64 was approved in California, legalizing the commercial use cannabis by adults. Later, Proposition 64 was amended by Senate Bill 94 in order to standardize the licensing and regulation of medicinal and commercial cannabis. The new provisions created by this amendment are called the Medicinal and Adult-Use of Cannabis Regulation […]
Bitcoin was created back in 2009. It’s a digital currency system that doesn’t have any central regulatory authority or bank. That means no government or financial institution regulates this currency. Apart from lacking a central regulatory control, Bitcoin is also unique as users can remain anonymous and perform transactions through only an identification number. Since […]
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 […]
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, […]
