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  Year End Tax Planning

  We’re Los Angeles CPAs helping some of the best companies (and individuals!) in greater Los Angeles. The year 2020 isn’t coming to an end soon enough for many people as we head to the end of the year. With the end of year coming it is a good time to finalize tax planning to reduce your taxes. In this post we will discuss some opportunities and items to check prior to yearend.

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  I’m Creating My Own Business, What Entity Should I Use?

  As one of the leading Burbank Accounting Firms, we’re glad to provide useful information that may help you in establishing your business. You have made the big leap for various reasons to open your own business. The thought of being without a safety net can be daunting and there are so many things that you don’t know combined with great uncertainty, the whole thing can feel overwhelming. The good news is you’re joining a large group of individuals. There are over 28 million small businesses which is 99% of all firms and the vast majority have less then 20 employees with 40% grossing less then 100,000 dollars. Besides the independence and capability to make ultimate decisions, a reliable source to wealth and financial independence has been found consistently with small business ownership.

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  Why you need a cash reserve and emergency fund

  As one of the leading LA Accounting Firms, from time to time we’ll provide valuable information to help you accomplish your financial goals. As we continue to struggle with the consequences of the global pandemic of the novel coronavirus, there are many lessons that can be learnt from how we reacted and how ready we were to deal with this unique challenge. Most people regardless of current situation would say significant room for improvement regarding response and preparedness is warranted. There will be books written about this event and lengthy analysis of where things were done right and wrong. A first-time mistake in cases as life and death as this one is not easily forgiven. Fortunately, this is a financial blog and the worst thing we deal with are losses of a replaceable asset.

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