Tax Pro Plus
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Los Angeles, CA 90064
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Dear Valued Client,
It is crunch time in Washington DC. We are monitoring developments and any potential tax law changes that finally make it into law.
This edition of our newsletter covers some year-end tax-saving strategies, current legislation, tax-advantaged college savings, accounting tips, and much more.
It would be best if you talked to us before making any significant tax or business decisions. Careful planning can make a big difference in your financial outcome.
If you or your colleagues, family, or friends need help, we are here for you. We will continue our efforts to monitor the latest opportunities aimed at keeping all of our clients prosperous. Your kind reviews and referrals are appreciated.
Tax Pro Plus
It is crunch time in Washington DC. We are monitoring developments and any potential tax law changes that finally make it into law.
This edition of our newsletter covers some year-end tax-saving strategies, current legislation, tax-advantaged college savings, accounting tips, and much more.
It would be best if you talked to us before making any significant tax or business decisions. Careful planning can make a big difference in your financial outcome.
If you or your colleagues, family, or friends need help, we are here for you. We will continue our efforts to monitor the latest opportunities aimed at keeping all of our clients prosperous. Your kind reviews and referrals are appreciated.
Tax Pro Plus
10 Tax-Saving Strategies to Consider Before Year-End
It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner, tax-savvy individuals need to take some time from their busy schedules to review the tax benefit steps they’ve already taken and see what else they need to do. Now is the time to ensure that you’ve taken advantage of all of the tax-saving strategies available to you.
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President Biden's Build Back Better Act Passed by The House; Fate Now in the Senate's Hands
On November 19, 2021, the House of Representatives passed their proposed version of President Biden's Build Back Better Act, which was substantially pared down from the original version. The Senate will now take up the legislation, and without question there will be changes.
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Corporations: Do You Really Want To Pay Those Dividends?
Not everybody realizes that when companies pay out dividends on their excess cash, it leads to profits being taxed twice. Learn more.
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Avoiding IRS Underpayment Penalties
Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-earn” requirement.
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Are You a Candidate for Bunching?
The changes in the 2017 Tax Cuts and Jobs Act (TCJA) included nearly doubling the standard deduction and placing limitations on or suspending certain itemized deductions, effective for tax years 2018 through 2025.
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Intimidated by Accounting? Five Simple Steps Are All You Need
Incorporating these five tips into your everyday tasks and mindset will help you master the accounting basics. Learn more.
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Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they can do to their wallets. As tax season approaches, let’s look at some of the more commonly encountered penalties and how they may be avoided.
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Tax Benefits When Saving for College Education
A common question among parents is, “How might I save for a child’s post-secondary education in a tax beneficial way?” The answer depends on how much the education is expected to cost and how much time is left until the child heads off to college or a university or enters an apprenticeship program.
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Are You Using QuickBooks’ Custom Fields? Should You Be?
QuickBooks was designed to be used by numerous types of small businesses. Custom fields help you tailor it to meet your own needs.
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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.
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