4 Tax Deductions For Restaurant Owners

If you opened a restaurant in the past year, it’s important to know what tax deductions apply to you. Restaurant owners can claim numerous write-offs that reduce their income taxes, which is often especially important for new owners who have put a lot of money into their establishments. Review common deductions your Los Angeles accounting [...]

Is It Beneficial For Independent Contractors To Form LLCs?

Since independent contractors such as freelance writers and designers fill out 1099s every year, they are essentially their own businesses. If you are an established independent contractor considering whether or not to become a single member limited liability company (SMLLC), learn what benefits your Los Angeles accounting consultants want you to know about.  Offers Limited [...]

IRS Installment Agreement FAQ

The Internal Revenue Service allows taxpayers to pay what they owe in installments if they cannot accommodate income tax amounts in lump form. In light of COVID-19, the IRS has created the People First Initiative that “temporarily adjusted and suspended” its compliance programs. Take a moment to learn what your Encino tax consultants want you [...]

5 Tax Deductions Landlords Need To Know About

Since rent is a form of income, landlords aren’t exempt from taxes. If you are new to renting and aren’t sure which tax deductions apply, allow your Encino tax consultants to enlighten you. There are many deductions applicable to landlords that reduce income taxes.  Mortgage Interest Landlords can deduct the interest they pay on all [...]

5 Tax Deductions For Ecommerce Businesses

If you are a new ecommerce business owner, you might be wondering what tax breaks are available. Learn about deductions you do not want to miss, and remember that your Los Angeles accounting service is here to help with all of your tax preparation needs.  Fulfillment Costs The packing materials, tape, boxes, labels, and ink [...]

Paid Sick Leave Credit and Family Leave Credit FAQ

The spread of COVID-19 has resulted in the creation of many different tax credits, including the Paid Sick Leave Credit and Family Leave Credit. Take a moment to learn about this credit to determine if it applies to you. And remember, your Encino tax consultants can help you with all new, applicable tax credits so [...]

4 Real Estate Tax Advantages

While renting has its perks, there are numerous benefits to investing in real estate. Among them are tax advantages you will never see from a rented apartment, house, or other unit. Learn about some of the best tax-related reasons to purchase real estate before discussing options with your Encino tax consultants.  Depreciation When you buy [...]

Employee Retention Credit FAQ

In the wake of COVID-19, small business owners have required additional help to stay open and therefore keep their employees. The Employee Retention Tax Credit was among the assistance programs created by the federal government to help small business owners. Learn more about the credit here before discussing savings options with your Encino tax consultants.  [...]

5 Small Business Bookkeeping Tips

As a small business owner, bookkeeping can be the last thing on your mind. Yet there are endless advantages to staying smart about bookkeeping and subsequently avoiding issues such as IRS audits. Use these small business tips from your Los Angeles tax consultants to streamline the bookkeeping process.  Remember to Separate Personal expenses do not [...]

4 Signs Telling You That Your Small Business Needs An Accountant

Even a seemingly obscure accounting error can affect your small business. If you have considered hiring an accounting service in Los Angeles in the past but haven’t gotten to it just yet, now might be the optimal time. Review signs telling you to schedule a consultation now.  You Could Use Business Structure & Plan Advice [...]