From the firm
Short, practical articles on the planning questions business owners ask us most. No jargon, no sales pitch.
Most Palos Verdes business owners run their companies down the hill and their tax planning out of a filing folder. By the time the return is prepared, every decision that mattered is closed.
Read the articleOnce your profit hits $100,000, you should become an S corp. We have seen owners well past $100,000 for whom it made no sense, and owners nowhere near it for whom it made a great deal of sense. Profit is not the test.
Read the articleYou can be an excellent attorney and still have no real tax plan. Here are the six gaps we see most often in California law practices, and what closes them.
Read the articleThe honest answer is now, whatever today’s date is. That is not a sales line, it is a statement about how much of the year is still yours to change.
Read the articleThe two get sold as one package, but they are done at different times and have very different effects on what you pay. Confusing them is why owners overpay for years.
Read the articleThere’s a difference between someone who files your taxes and someone who plans them. Most owners are paying for the first and assuming they’re getting the second.
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