No one wants to pay more taxes than they legally have to. After all, income tax is typically the largest expense for most people. With this in mind, the government offers tax deductions and credits to ease this financial burden. But the system seems to favor those who fall in a certain income range. Why?… Read more »
Posts Categorized: cpa
What Are The Tax Strategies For High Income Earners?
What Happens If You Cannot Pay Taxes You Owe?
You have finished preparing the tax return and notice that you have to pay someone a huge sum, but can’t afford to pay it. Will you go to jail? Probably not. The realization that you can’t afford to pay your taxes can make you feel uneasy, but don’t worry. There are things you can do… Read more »
Why And How Long To Keep Business Records For Tax Purposes?
For many new small business entrepreneurs, the first year is actually the hardest. First, you need to decide what form of business you actually want, then there’s extensive business record keeping. Bad record-keeping can be a big pitfall if you are a small business owner. You can avoid headaches when you are filing your tax… Read more »
Is Financial Planning Important For Small Business?
Want to build a business that will last well into the future? The secret is sound is proper finance planning. Financial analysis and planning allow would-be business owners to look at several things before starting the company, including current funding, initial costs, potential funding sources, the viability of an idea, etc. Starting a business is… Read more »
How Can You Spot IRS Scams And Report Them?
If you are getting hounded by numerous calls, emails or letters from the IRS, how do you know these are legit? There are some warning signs of scams that you must always lookout for. Beware of fake emails Phishing is the actual term that is used to describe email attempts to get sensitive information appearing… Read more »
5 Things You Must Check Before Hiring Your Financial Planning Advisor
Finance planning is not at all an easy task as your investment will decide the future of your hard-earned wealth. Finance planning is a tough task which needs deep industry knowledge. Therefore, you cannot take the matter of choosing the financial advisor lightly. Planning meeting your needs It is important that both you and your… Read more »
Why does your startup need a bookkeeping service?
A startup is a transformation of an idea into a core reality. Several things an entrepreneur needs to take into consideration. Most of the entrepreneurs love to do work on own, but at some point, you may need to include outside people. Especially, when it comes to managing the accounts, it is important that a… Read more »
How to Save Taxes for The Small Business Applying These 5 Techniques?
Tax saving is an important matter for all types of business. However, the small business owner faces several difficulties due to the restricted amount of capital for the business. A CPA for tax preparation for years mentioned the importance of knowing the tricks and way to lower the taxes. An experienced CPA can help a… Read more »
What Role Does A CPA Century City Play In Business Functions?
Accounting is the pulse of the business, whether it’s big or small and there is nothing like CPA who can help you. The expenses, cash flow, income and budgeting are all needed functions of every company, regardless of industry and its size. Multinational corporations, sole proprietorships as well as businesses must know where they actually… Read more »
The Role of CPA in Improving Your Business Performance
The role and duty of CPAs have gone through a lot of transformation. Earlier the accounts would only concentrate on what happened in the past and not what would happen in the future. But their position of bean counters has changed in the modern scenario. The CPA in Santa Monica concentrates on your present business… Read more »