The Tax Extension Deadline Is Fast Approaching

Living in a Southern California city like Los Angeles, Encino, Woodland Hills, Beverly Hills or even Malibu, it can often feel that everything is rush, rush, rush.  Without a doubt, it’s easy to fall into the trap of falling behind on things like taxes when simply trying to keep up with the frenetic pace of [...]

City of Los Angeles Business Licenses

Are you ready to start or expand your business in the city of Los Angeles?  Just like the county and state, the city of LA has its own rules, regulations, forms, and yes, taxes for a business.  The Los Angeles Office of Finance administers the city’s tax laws, issues tax registration certificates and permits, and [...]

Business Tax Filings

Like the old adage goes, the only things that are certain in life are death and taxes.  Understandably, the mere thought of filing business taxes makes many people scramble towards the nearest bottle of Tums!  But, as a business owner, it is your job to ensure that returns are filed accurately and on time. It [...]

How Are You Accounting for Your Business?

Running your own business is not a simple task, and perhaps one of the most stressful parts is dealing with and accurately accounting for money coming in and money going out.  Whether you sell custom-made jewelry, pet food ingredients, or consulting services, your business will require some form of accounting.  The term accounting alone can [...]

Should You Choose S Corporation Status?

Deciding what type of business company structure is best for your small business can be as complicated as it is important.     Most business owners have two main goals when choosing a structure for their business: protecting their personal assets from claims and having the ability to have their business profits taxed on individual tax returns. [...]

Should My Business Be a Corporation?

When starting a business or changing the formation of your business structure, one of the most common options small business owners evaluate is whether to form an S corporation or a C corporation. These are the two most common ways to incorporate, and the choice will depend on your current and future business goals. C [...]

Should I Form an LLC?

This is the question for a growing number of small business owners.  Determining whether to form an LLC, corporation, partnership, or sole proprietorship is always a key decision for the small-business owner. An LLC (limited liability company) is by far the most popular organization structure for small businesses with the exception of sole proprietorship. The [...]

Choosing a Legal Entity for Your Business

Just starting your business?  Have you selected the right entity?  Choice of entity is a crucial first step for business formation. The right decision can pave the way for success. The wrong decision may cause you unnecessary accounting challenges. It can also contribute to diminished returns or even your business’s failure.  In fact, choosing the [...]

The Latest in Estate Tax Law

Are you taking advantage of estate tax law changes?   If you are married, you should be. Over the past few years, tax changes haven’t offered many “benefits” for the typical taxpayer.  Yet, the tax overhaul passed in December 2010 offers some specific advantages for families.  One example is that starting in 2011 couples can add [...]

Can Your Business Benefit from the 2010 Tax Relief Act?

As part of the 2010 Tax Relief Act, businesses can benefit from 100 percent bonus depreciation for qualified property placed in service after September 8, 2010 and before January 1, 2012. This provision of the Tax Relief Act is particularly beneficial for businesses of all sizes because it is not capped at a certain dollar [...]