Back Taxes and Consequences of Not Filing on Time

March 10th, 2018

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 […]

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Taxation of Cannabis and Cannabis Products in California

February 27th, 2018

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 […]

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Bitcoin and Other Virtual Currencies

February 23rd, 2018

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 […]

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Change The Date Initiative

February 12th, 2018

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 […]

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Understanding New Tax Law Changes in 2018

January 23rd, 2018

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, […]

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