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Individual Tax Filing Deadline Extended to May 17th 2021

All individual taxpayers with April 15th deadlines automatically have additional time, until May 17th to file 2020 IRS and CA FTB filings and make payments without interest or penalties.  2021 Tax Updates: The IRS announced that it is moving the April 15th, 2021, filing deadline to May 17th, 2021, for individual taxpayers (including Schedule C […]

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S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065) Due 3/15/21

S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065)  File by March 15th or Request Extension! Dear Client, Happy March!  Amid the pandemic distractions, the March 15th tax filing deadline for S-Corp.s and Partnerships is approaching quickly.   Let’s finalize your filings if possible.  Otherwise, call or e-mail us to request an extension […]

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Changes To California Health Insurance In 2020 & 2021

There were 4 major changes to California health insurance in 2020 & 2021. Here’s what you need to know: You are now required to have health insurance in California under a state mandate even though the federal mandate was lifted in 2019. You will be assessed a California state insurance tax penalty in 2020 and […]

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City of L.A. Office of Finance Business Registration Due

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Final Reminder: City of L.A., Office of Finance, Business Registration is due by March 2nd, 2020. If you are doing business in Los Angeles as an independent contractor, self-employed, freelancer, sole proprietor, small business owner, partnership, fictitious business name (dba), loan-out co., LLC, or S-Corp., you must comply with the City of Los Angeles, Office of Finance […]

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Last Chance Entity Formation for ’19!

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Setting up a side hustle? Main hustle? It’s your last chance for entity formation this 2019. Set up your LLC, Corp., S-Corp. this November. It is now evident, that the ’18 Tax Cuts and Jobs Act (TCJA) favored corporations, small businesses, and the self-employed at the expense of employees. Corporate tax rates were slashed from 35% […]

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Minimize ’19 Taxes and Tax-Time Surprises!

With the 2018 tax filing deadlines behind us, it’s time to look ahead. Starting to look into your ’19 taxes now can help minimize tax-time surprises. One way of doing so is allowing us to help determine if your federal and state tax withholdings will be sufficient to avoid surprises or penalties for underpayment of […]

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Big Reasons Why You’d Need a Los Angeles Tax Attorney

Los Angeles Tax Attorney

When you’re starting out in small business, you might hesitate before hiring a Los Angeles tax attorney. It’s a good idea not to be deceived by all the information you can get on the Internet. For example, even though the IRS has a whole library full of information for smaller enterprises, you still need the […]

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Things to Remember When Picking Los Angeles Enrolled Agents

There is good reason to take your time and practice due diligence when you’re looking for Los Angeles enrolled agents. The reason to be careful here is simple — you are responsible for all the information on your tax return regardless of who prepares it. That’s why we’ve put together a few things that you […]

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How to Pick A Good California Tax Preparer

When you’ve worked all year, you want to be sure when tax time comes that you pick an excellent Los Angeles tax preparer. Here’s some hints to help you narrow down your choices so you can find the best professional that suits your needs.   Check Their Credentials Picking your professional here is like anything […]

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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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