Welcome to Business Accountant!
Each of our clients is extremely important to us! We apply knowledge and expertise accumulated over many years to give direction and customized advice to each client. We are not merely historians but are directly involved in creating and influencing the unfolding of history. Our objectivity and overall understanding of our clients' needs enable us to provide critical business advice in a variety of situations. Please browse our site and contact us if your needs match our services.
News added, Los Angeles, June 25th, 2010: Santa Clarita Office
In order to more easily service our clients in the Santa Clarita Valley we have opened an office located at
27240 Turnberry Lane
Suite 200
Valencia, Ca 91355
Our office, services the entire Santa Clarita valley including Valencia, Saugus, Newhall, Canyon Country, Stevenson Ranch, Castaic, Val Verde, Agua Dulce Acton and Fillmore.
Please Contact us at 661 310 2225
More about our new Santa Clarita CPA Office
Driving Directions to Santa Clarita CPA Office
News added, Los Angeles, June 15th, 2010: Domestic Parters
In a recent ruling, the IRS modified its position with regards to state registered domestic partners. For community property states, such as California, each domestic partner should report half of their joint earnings and withholdings in addition to any other community property income on their individual federal returns.
News added, Los Angeles, June 10th, 2010: Education Deductions
In most cases, advanced degrees are not deductible as a business expense or employee business expense, as they qualify the student for new job positions.
News added, Los Angeles, June 3rd, 2010: S Corporations
If an S Corporation pays a state tax liability for its shareholders, it could lose its status as an S Corporation. Qualifications for S Corporations include having only class of stock. Therefore distributions have to be equal divided according to shares held.
News added, Los Angeles, May 28th, 2010: Mortgage Interest
Most auditors previously limited deductible mortgage interest to the first million dollars of home acquisition debt and separately allowed an additional $100,000 limit for home equity debt. Now, taxpayers can combine the two limits and deduct interest on a home acquisition debt of up to $1.1 million.
News added, Los Angeles, May 15th, 2010: Tax Enforcement
Since audits on sole proprietors have yielded less revenue than audits on other business entities, the IRS plans to shift some of its focus in that direction.
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Proactive tax planning to take advantage of timely tax saving opportunities.
Comprehensive business services that integrate income tax compliance
and planning with investments and insurance choices.
Consulting services that review businesses to find hidden opportunities to
increase wealth accumulation and retention.
Foreign investor tax services.
Individualized accounting system setup for new businesses.
State of the art payroll tax services and sales tax preparation.
Preparation of business and individual tax returns and financial
statements.
Budgeting and projection preparation and monitoring, facilitating the
creation and tracking of events.
Assistance in selection and installation of computer hardware and
software, ongoing monitoring and updating of systems.
