Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
Map It!
Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
Dear Valued Client,
The after effects of tax reform are still being felt post-April 15. From processing extensions to tax planning, things are still all hands on deck. We want to thank you for your continued patronage; we really appreciate the support.
In this edition of our client newsletter, we touch on the guidelines for keeping your old tax records, discuss several business-related tax and growth strategies, plus dive into some important gift and estate issues amongst others.
Our goal is to provide you with an unparalleled level of client service. If you see something that you want to talk about, please contact us to explore the possibilities. We rely on satisfied clients as the primary source of new business, and your reviews and referrals are both welcomed and most sincerely appreciated!
Tax Pro Plus
The after effects of tax reform are still being felt post-April 15. From processing extensions to tax planning, things are still all hands on deck. We want to thank you for your continued patronage; we really appreciate the support.
In this edition of our client newsletter, we touch on the guidelines for keeping your old tax records, discuss several business-related tax and growth strategies, plus dive into some important gift and estate issues amongst others.
Our goal is to provide you with an unparalleled level of client service. If you see something that you want to talk about, please contact us to explore the possibilities. We rely on satisfied clients as the primary source of new business, and your reviews and referrals are both welcomed and most sincerely appreciated!
Tax Pro Plus
Read This before Tossing Old Tax Records!
If you are a neat-nick and your tax return for last year has been completed and filed, you are probably thinking about getting rid of the tax records related to that return. On the other hand, if you are afraid to dump old records, you are probably looking for a box to put them in so you can store them away. Well, you do have to keep them for a period of time but not forever.
Read the article »
 Print-Friendly | Send to Friend | Ask a Question |
Is Your Small Business as Profitable as It Can Be?
There is an excellent chance that even if you're an expert in your particular industry, you're probably not an expert in small business finances. This may not seem like that big of an issue on the surface. However, in order to make the best decisions possible for your company, you need to have complete and accurate information to work from. It's easy to see how failing to grasp the financial side of the equation can quickly cause problems everywhere else.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Gift and Estate Tax Primer
The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep individuals from using gifts to avoid the estate tax that is imposed upon inherited assets. This can be a significant issue for family-operated businesses when the business owner dies; such businesses often have to be sold to pay the resulting inheritance (estate) taxes. This is, in large part, why high-net-worth individuals invest in estate planning.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Employees' Fringe Benefits after Tax Reform
Tax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect both a business’s bottom line and its employees’ deductions.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Court of Appeals Rules for Clergy
If you read our previous article related to a Wisconsin District Court ruling, you will recall that the judge in that case had ruled that Sec. 107(2) of the Internal Revenue Code was unconstitutional.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Tax Reform Muted the AMT: Holders of Incentive Stock Options, Take Note
Although Congress, as part of the recent tax reform, promised to do away with the alternative minimum tax (AMT), it only did so for C corporations; as a result, the AMT still applies to individuals.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Tax Treatment of a Room Rental
With the shortage of affordable housing these days, many homeowners are renting out rooms in their homes, providing themselves with some additional cash. Questions that are often raised in regard to room rentals include: Is the income taxable? If so, how is it reported? What deductions are allowed? Can a loss be claimed? Answers to these questions follow.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
Tax Benefits for Members of the Military
Military members benefit from a variety of special tax benefits. These include certain non-taxable allowances, non-taxable combat pay, and a variety of other special tax provisions. Here is a rundown on the most prominent of the tax benefits.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
So, You've Made a Mistake on Your Tax Return. What Happens Now?
Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes are naturally complicated, and the paperwork required to file them properly is often convoluted. This is especially true if you're filing your taxes yourself — and all of this is in reference to a fairly normal year as far as the IRS is concerned.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
How QuickBooks Protects Your Data, and How You Can Help
The data in your QuickBooks company file contains some of the most sensitive information on your computer. Make sure it’s secure.
Read the article »
| Print-Friendly | Send to Friend | Ask a Question |
The Tax Pro Plus newsletter is available via e-mail on a free subscription basis. You can subscribe or unsubscribe at any time. For more information about - Tax Pro Plus, go to http://www.taxproplus-la.com. This message was sent using ClientWhys Persyst. View our permission marketing policy.
Disclaimer: The tax advice included in this newsletter is an overview of some complex tax rules and is not intended as a thorough in-depth analysis of the tax issues discussed. Do not act on the information included in this newsletter without first determining how these issues apply to your particular set of circumstances and if there are any special tax laws or regulations that might apply to your situation.
  |
|  |