Insights

As we turn the corner on another year, it’s time to shift gears into Tax Season 2024. The IRS will start accepting and processing returns on Monday, Jan. 29, 2024. Tax returns are due on Monday, April 15, 2024. Now that tax filing season has officially begun, now is an ideal time to meet with your…

Effective January 1, 2024, millions of privately-owned non-exempt corporations, limited liability companies and limited partnerships will be subject to new reporting obligations under the Corporate Transparency Act (CTA), a new anti-crime law that seeks to uncover the concealment of illicit money through the use of shell and front companies. In an effort to increase transparency…

As businesses work to rebound after a challenging few years, strategic year-end tax planning has never been more important. With 2024 around the corner, it’s essential for businesses to be prepared as we approach scheduled changes to tax legislation and start to see several deductions expiring or phasing out. In this article, we’ll highlight key…

As the 2023 tax season winds down, it’s time to take a closer look at year-end tax planning strategies to favorably position yourself for tax implications next year. While the ebb and flow of tax legislation has become commonplace, we’ve seen significant tax law changes enacted over the last two years, several provisions that have…

 New Episode: Partner Bridget Foreman, CPA joins Veronica Kusmuk on a new episode of Charting Her Course, a podcast brought to you by the Pacific Coast Business Times that gives an inside look at women who own and run small businesses on California’s Central Coast. Bridget shares what she’s learned over the course of…

Real estate investors should weigh important issues and changes in real estate taxation to strategically position their investments. Following, we highlight key tax considerations for real estate investors in 2023. With a number of unusual and unpredicted trends stemming from the pandemic, the economy is emerging with a long list of uncertainties as we head…

  Tax Season 2023 officially begins on Monday, January 23, 2023 when the IRS will begin accepting and processing returns.   We hope that everyone in California is safe and recovering after the recent winter storms impacted communities across the state. Our hearts go out to those affected and as we remember the lives lost…

  While 2022 started out with some uncertainty about potential tax law changes, very few of the proposed policies that may have impacted high income taxpayers were enacted. The Inflation Reduction Act signed into law in August spared virtually all measures that would have raised taxes on individual taxpayers and closely held businesses. There are…