Top Tax Deductions of 2025 Every Small Business Should Claim
Are you sure you’re claiming all the tax deductions your business is entitled to? As a business owner, it’s easy to assume that taxes are just something we need to accept and pay without much thought. But what if I told you that there are numerous opportunities to reduce your tax liability that you’re likely […]
Tax Planning Los Angeles: What You Need to Know in 2025
Tax planning might not be the most thrilling topic, but if you live or run a business in Los Angeles, it’s essential to understand how taxes work and how you can make the most of the rules. Whether you’re an individual filer, a small business owner, or an entrepreneur, knowing the ins and outs of […]
Small Business Taxes in California: The Ultimate 2025 Guide for Entrepreneurs
What Are Small Business Taxes in California? If you’re running a small business in California, understanding the various taxes that apply is crucial. As a business owner, you’re likely already familiar with federal taxes, but California has its own set of rules that you need to keep in mind. In this section, I’ll walk you […]
Year-End Tax Planning: 20 Strategies to Save Big Before December 31st
As we approach mid-December, it’s natural to reflect on the past year. From global conflicts and lower interest rates to the election of a new president and the U.S. market hitting all-time highs, 2024 had its fair share of major headlines. While it’s easy to get caught up in the latest news, focusing solely on […]
Top Year-End Tax-Saving Strategies for 2024-25: Maximize Your Refund
As the year-end approaches, I know how stressful it can be to juggle tax planning with everything else on your plate. It’s easy to feel overwhelmed and risk overpaying on your taxes, especially with ever-changing rules and deadlines. That’s why I’m here to help you cut through the clutter. In this blog, I’ll walk you […]
Income Tax Alert: Biden’s Plan to Double Capital Gains Tax
President Biden’s latest budget proposal for fiscal year 2025 is making big waves. At a whopping $7.3 trillion, his plan not only targets wealthy individuals with a new minimum tax on billionaires and a nearly doubled capital gains tax rate but also looks to raise the Medicare tax rate. If that’s not enough, the budget […]
Income Types That the IRS Won’t Tax in 2024
We all know how frustrating it is to see a chunk of your hard-earned money go to the IRS. Generally, the government taxes wages, tips, commissions, royalties, and for some, up to 85% of Social Security benefits. But don’t worry, not all income is taxable. Whether income is taxable depends on various rules and regulations. […]
10 Ways Tax Professional Simplify Your Tax Filing Process
As a tax professional, I know firsthand how stressful tax season can be. It’s that time of year when everyone seems to be scrambling to gather documents, understand complicated forms, and make sure they’re doing everything right. But that’s where I come in. My job is to take that stress off your shoulders and make […]
2024 Tax Law Changes and Their Effects on Business Tax Planning
The economic environment has been incredibly unpredictable in recent years. The COVID-19 pandemic shook up traditional business practices but also opened new investment doors. Now, with persistent inflation and high interest rates, investment and tax planning strategies have become even more complex. The constantly shifting tax and regulatory landscape adds to the challenge. As a […]
How to Calculate Taxes on Your Social Security Benefits?
You might be surprised to learn that Social Security benefits aren’t completely tax-free. Based on your income, up to 85% of your Social Security benefits could be taxed. This applies to retirement, survivor, and disability benefits from the Social Security trust funds, but not Supplemental Security Income (SSI). You’re more likely to pay taxes on […]