4 Helpful Tax Practices to Use Throughout the Year

Whether you filed your taxes already or will soon, the right preparation is key. Tax prep doesn’t just concern the weeks before April 15th, as there are numerous practices to implement throughout the year. Help your 2021 filing by utilizing these tips from your Encino tax consultants.  Make Digital as Well as Paper Copies Scan [...]

4 Ways to Get a Bigger Tax Return

If you haven’t filed your tax return yet, take a moment to relax and breathe. You still have time to file, and there are numerous ways to enjoy a bigger return. Review tips from your Encino tax consultants that will help you maximize your refund.  Don’t Take the Standard Deduction While the majority of taxpayers [...]

4 Common Tax Mistakes

As you prepare to file your taxes, it’s important to learn about common errors that create problems with the state government and the IRS. Rather than dealing with unaccepted tax returns and creating more work for yourself, review what your accountant service in Los Angeles wants you to keep in mind.  Miscalculations “Bad math” can [...]

5 Tax Deductions For Farmers

Since commercial farmers are business owners, they are entitled to a number of deductions at tax time. Whether you recently started a farm or switched from a hobby to commercial enterprise, learn what deductions your Los Angeles accounting service wants you to know about.  Wages Deduct the wages of both part- and full-time workers. Wages [...]

A Quick Guide to Tax Deductions For Boaters

If you own a watercraft, you might be entitled to tax deductions depending on how you use it. Rather than missing out on deductions that can lower your income taxes this year, review write-offs your Los Angeles accounting service wants you to know about.  If You Use the Boat For Business Purposes Perhaps you engage [...]

4 Tips For Stress-Free Tax Filing

Tax season can cause serious stress, especially if you think you owe money. If you’re about to do your taxes and are feeling nervous, take a moment to breathe. Use these tips from your Encino tax consultants to streamline the process as much as possible.  File Early If You Can The more time you give [...]

What Tax Breaks Are Students Entitled To?

Students enjoy tax break eligibility in numerous ways, such as through tax credits. If you started or continued your education in the last year, there’s tax information your Los Angeles accounting firm wants you to know about.  Education Tax Credits Two tax credits are available to students who qualify. One is the American Opportunity Credit [...]

A Quick Guide to Deducting Moving Expenses

It’s possible to deduct moving expenses from your income taxes if the relocation was work-related. The move must also pass the IRS’s “distance and time tests” to qualify. If you moved within the past year for work, review what your accountant service in Los Angeles wants you to know about potential deductions.  Qualifications To deduct [...]

5 More Tax Write-Offs For LLCs

As an LLC, or limited liability company, you’re entitled to a variety of deductions that reduce income tax payments. Review five more of the most common deductions your Los Angeles accounting firm wants you to know about.  Charitable Deductions Deduct donations to various charities to lower your payment. As long as they do not exceed [...]

5 Tax Deductions For LLCs, Part One

If your limited liability corporation, or LLC, made a profit this year, there’s a number of tax deductions you’re entitled to. Learn about some of the major deductions your Encino tax consultants want you to know about before tackling your taxes this April.  Startup Costs Since making money requires spending money, you can deduct all [...]