FAQ About Foreclosures

Property owners face foreclosures when they fall too far behind their mortgage payments. Here, learn more about foreclosures and what they entail. Your accountant service in Los Angeles can help you navigate a foreclosure, whether you are facing one or wish to purchase a house that has been foreclosed upon.  What Happens When a House [...]

How to Reclaim Financial Records Destroyed In A Natural Disaster

Natural disasters such as the recent wildfires in California can have devastating consequences, including the loss of financial records. If your past tax information and other financial documents were lost because of natural disaster reasons, there are numerous ways to recover them. Review what your Encino tax consultants want you to know about document recovery [...]

4 Common Tax Scams To Be Aware Of

Tax scams can happen at any time in a variety of ways. Your Encino tax consultants want you to know that the IRS never calls, texts, or emails: they send letters only. Learn more about common tax scams to avoid losing money and giving out your personal information.  Natural Disaster Scams Some scammers use natural [...]

Child Tax Credit FAQ

If you have children, paying taxes can mean qualifying for the Child Tax Credit. Learn more about this tax credit if it is applicable to your tax preparation needs. And remember, your Encino tax consultants are here to help guide you through the tax prep and filing process at any time.   How Do You Qualify [...]

4 Reasons To Consider IRS Audit Representation

It’s easy to let panic set in when you receive a notification about an IRS audit. Remember to take deep breaths, as sometimes the agency issues audits randomly. Here, review reasons to request professional IRS audit representation from your Los Angeles accounting service.  Ensures You Furnish All the Right Documents Your IRS audit representative makes [...]

4 Benefits of Budgeting Analysis Services

Your budget remains a top priority as a business owner, as it influences nearly every company decision you make. If you are considering budgeting analysis services from your Encino tax consultants, learn what benefits you’ll enjoy before scheduling your initial consultation.  Spending Habit Clarity A comprehensive budgeting analysis sheds light on what your company spends [...]

5 Independent Contractor Deductions You Won’t Want to Skip

As an independent contractor, taxes do not get taken out of your pay during the year, which can result in paying a sizable lump sum in April. Estimated taxes solve this problem, as does knowing what deductions you are eligible for. Review deductions your Encino tax consultants want you to know about so you don’t [...]

LLC Tax Prep FAQ

Both sole proprietors and business owners can opt to become LLCs, or limited liability companies. Here, review answers to common questions about LLC tax preparation to take the guesswork out of the process. Your Los Angeles accounting firm is here to provide professional tax prep assistance if you need it.  What Business Records Do I [...]

International Tax FAQ

If you are a U.S. citizen living overseas, you may have questions about your taxes. Here, review what your Encino tax consultants want you to know about international taxation so you always pay what you owe and subsequently avoid audits among other problems with the IRS.  Do I Have to File a U.S. Tax Return [...]

Short Sale Frequently-Asked Questions

In terms of real estate, a short sale is when a house sells but the owner still owes money to their bank. If you are considering a short sale or simply want to learn more about the process, use this quick guide from your Los Angeles accounting firm to get started.  Why Do Short Sales [...]