4 Tax Tips For Businesses in Empowerment Zones

California empowerment zones include Los Angeles (city and county), Fresno, Santa Ana, and the Desert Communities that are part of Riverside County. If you are a business owner with an operation located in one of these empowerment zones, it is essential to know what tax credits are available to you. Review tips from your Encino [...]

International Taxation FAQs

If you are a U.S. citizen currently living and working outside of the United States, you might have a few tax questions. Use this guide from your local accountant service in Los Angeles to ensure you file correctly and avoid tax problems, such as audits.  I Live and Work in Another Country. Do I Still [...]

Why Would I Need a Business Property Statement?

If you own a business in California, you’ll need to file a Business Property Statement (BPS) with your taxes. It requires using Form 571-1, and applies to all businesses with personal property totaling $100,000 or more, including LLCs. Should you be new to BPS filings, use this guide from your local Los Angeles accounting firm [...]

5 FAQs About Form 571-1

If you own a business in California, there are numerous tasks to complete during tax time. One of those tasks is to fill out Form 571-1, or a Business Property Statement. Learn what your Encino tax consultants want you to know about this form to help you tax prep efforts.  What is the Form, Exactly? [...]

What is an Empowerment Zone?

If you are a business owner, your enterprise could be located in an empowerment zone (EZ) and eligible for tax benefits. Learn what your accountant service in Los Angeles wants you to understand about these zones to help streamline tax preparations.  Empowerment Zones, Defined An empowerment zone is an impoverished area that receives aid from [...]

5 Tax Tips For Small Business Owners

As a small business owner, you have plenty to do every day that doesn’t involve your taxes. Yet taking tax-savvy steps throughout the year helps you immeasurably. Review what your Los Angeles accountants want you to keep in mind to help your small business thrive.  Utilize Larger Deductions For Your Equipment Deduct the new or [...]

5 Tax Deductions For Musicians

If you write “musician” as your job on your taxes, you are entitled to a variety of deductions. Take a moment to review deductions for musicians you might not know about to avoid paying unnecessary income taxes. And remember, your Encino tax consultants are here to help you prepare your documents.  Home Studio Your home [...]

5 Tax Deductions For Actors

If you earn your living as an actor, doing your taxes doesn’t have to be challenging. There are many deductions your Los Angeles accounting service wants you to know about so you don’t pay a penny more than you have to on your income taxes. Review five deductions here to keep in mind during tax [...]

5 Tax Deductions For Dancers

Perhaps you “turned pro” in the past year and now make a living as a dancer. Knowing what tax deductions you’re entitled to simplifies doing your taxes because you’ll have fewer questions regarding what you can and cannot write off. Review what your Encino tax consultants want you to know about tax deductions for dancers [...]

3 FAQs About Certified Public Accountants

A Certified Public Accountant, or CPA, should not be confused with a standard accountant. If you are considering hiring a CPA from your local Los Angeles accounting service, take a moment to learn more about what these professionals do and how they can help you.  What is a CPA, Exactly? A Certified Public Accountant is [...]