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, […]
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 […]
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 […]
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 […]
