How to Start Your 2025 Tax Preparation + Major OBBBA Tax Planning Opportunities for California Taxpayers Tax season is moving quickly in Los Angeles and San Diego — and 2025 brings significant tax law updates under the One Big Beautiful Bill Act (OBBBA). If you’re wondering: How do I start my tax preparation process? […]
Category: Business/General
2025 Tax Prep in California: Key Deadlines + New OBBBA Tax-Saving Opportunities (LA & San Diego)
Tax season moves fast—especially for California taxpayers who juggle W-2 income, self-employment, real estate, and multiple entities. The IRS opened the 2026 filing season on Monday, January 26, 2026, which means it’s time to start organizing your documents and planning for the new tax changes that impact 2025 returns. This blog highlights the most important […]
What the One Big Beautiful Bill Act (OBBBA) Means for 2025 Taxpayers – Especially in Los Angeles County
With the recent passage of the One Big Beautiful Bill Act (OBBBA), significant tax changes are now in motion. While many of these provisions phase in over several years, there are immediate implications for 2024 and 2025 tax filing that individuals, businesses, and particularly Los Angeles County residents need to know. Here’s a breakdown of […]
Corporate Transparency Act: What Businesses Need to Know for 2024 and Beyond
Starting January 1, 2024, the Corporate Transparency Act (CTA) introduces a new federal reporting requirement impacting many business entities. If you operate a Limited Liability Company (LLC), an LLC taxed as an S-Corp, a Corporation, or other entities registered with the Secretary of State, this law now mandates you to disclose specific personal information about your business’s […]
2023 Extension Request Due April 15, 2024
2023 Extension Request Due April 15, 2024 Please request an extension if your 2023 individual, single-member LLC, or C corporation filings will not be complete by 4/15/24. We cannot assume that you need an extension. If you are requesting an extension, remember it is an extension of time to file and not an extension of […]
S-Corp.s & Partnerships due March 15, 2024
We spring forward into daylight savings time, with several tax deadlines looming near. We share the good news of an automatic extension until June 17th, 2024 for San Diego County residents only. To request an extension, please call 310.398.3231 or 858.279.1640 or e-mail Roxana@taxplus.com . S-Corp.s & Partnerships due March 15, 2024 The S Corp tax deadline for 2023 […]
Small Business Tax Deductions Update 2024
Which small business tax deductions have changed for 2023? To start, business meals and bonus depreciation. With the new tax season upon us, you must be up to date with Small Business Deduction changes for the 2023 tax year. Small Business Tax Deductions Update 2024 Which expenses does the IRS permit you to deduct as […]
2024 Tax Update: Third-Party Payment Platforms and 1099-K Forms
As you may have heard, there have been some proposed changes to the tax reporting requirements for the use of third-party payment platforms, such as credit card processors, PayPal, Venmo, Cash App, Etsy, Stripe, Ebay, Amazon, VRBO, AirBnB, and other sites. As part of the American Rescue Plan Act of 2021, the Biden Administration has […]
Important Tax Deadlines For 2024
It’s officially tax season here in the U.S. and here are some important tax deadlines for 2024. In addition, the IRS will officially start accepting 2023 e-filings on January 29, 2024. It’s not too soon to schedule your in-person or virtual tax appointment for your 2023 tax year preparation! Contact us with any questions, to review our virtual […]
2023 Business Entity Formation Final Call
2023 Business Entity Formation: Final Call for LLC or Corporation Whether you are ready to launch a new business idea or you have a skill or hobby that can translate into a side business, now is the time to set that up for the most effective tax benefits. The proper business entity will provide the […]
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