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.
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News added, Los Angeles, December 15th, 2007:
New additions to the list: What is and What is Not Tax Deductible for Income Tax
News added, Los Angeles, December 1st, 2007: Court Upholds IRS Rule Closing Real Estate Tax Loophole
The tax code severely limits losses generated from passive real estate holdings. These kinds of losses are capped at low levels and in many cases excluded entirely. If, however, the taxpayer has passive income from other real estate holdings the loss can offset that income.
News added, Los Angeles, August 1st, 2007: Energy Efficient Vehicles (Green Cars)
Anyone considering buying a new energy efficient vehicle (green car) has probably heard about the possible
tax credit, but be aware that the available credit can change even for the same vehicle.
News added, Los Angeles, July 27th, 2007: Eight Tax Saving Credits
News added, Los Angeles, June 10th, 2007: Using a Traditional IRA
Advantages and disadvantages of using a traditional IRA
News added, Los Angeles, March 1st 2007:
For 2006 and 2007, a tax act was passed providing for certain energy efficient home upgrades
The credit is refundable but is limited to a lifetime maximum of $500. In order to qualify the homeowners must be the initial users of the equipment and the equipment anticipated to last five years or more. Upgrades fall into two categories detailed below.
Homeowner Energy Upgrades Credit 10%
The credit for these items is worth 10 % of the upgrade.
Eligible upgrades include:
· Insulation
· Heating/cooling systems
· Windows
· Doors
· Certain heat deflecting roofs
Homeowner Energy Upgrades Credit 100%
Some purchases entitle homeowners to a credit for the entire cost of the purchase price. The cap on the credit for these items ranges from $50 to $300. Eligible upgrades include:
· Water heaters
· Central air conditioning
· Advanced main air-circulating fans
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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.
