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Who’s In & Who’s Out in New Small Business Tax Break?

The New 20% Small Business Deduction There is a new 20% small business deduction that everyone is talking about. In the tax and legal professions, it’s know at Section 199A. Here are some facts about this deduction: The Basics All pass-thru entities, such as Sole Proprietors, S-corporations and Partnerships that qualify may be able to…

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Lock

Protect Your Business From Within

Internal control is a very special phrase in the accounting profession. Tactically, it’s the set of processes that help a company produce accurate data throughout the organization, follow reporting requirements and laws, and maintain consistency and accuracy in its operations. Strategically, it’s an entirely new way of thinking and doing business. Internal control helps to…

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marketing

Make The Most of Your Marketing Dollars

  Optimize your marketing spend to get the most for your money.   One of the most important success factors of small businesses is the ability to generate revenue, and to do that, most businesses need to market their services and products to bring in new clients and sales. The challenge for a small business…

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Drip

Shore Up The Money Leaks In Your Business

The 10 Biggest Cracks in Your Accounting System The last thing most entrepreneurs want is for their hard-earned dollars to go down the drain because of a money leak in their business. Since so many entrepreneurs are working harder than ever before earning their living, it just makes sense to shore up every profit leak…

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home

How 2018 Tax Policy Affects Homeownership

    Emil Abedian, CPA discusses the 2018 tax policy changes and how it affects homeownership with Scott Groves and Justin Bayle of LendLA. If you have any questions about your mortgage, please contact Scott Groves – Scott@LendLA.com or Justin Bayle – Justin@LendLA.com (800-450-2010 ext 5562).

Law

New Tax Legislation Limits Pass-Through Income Deduction

New tax legislation, which President Trump will likely be signing into law in the coming days, eliminates the 20 percent pass-through income deduction for what the law refers to as a “specified service trade or business.”  These specified service providers include accountants, lawyers, health professionals, as well as other trades or businesses where the principal…

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Year End Planning

2017 is coming to a close with sweeping new tax legislation on the horizon. While the changes don’t take effect until 2018 (with one minor exception), I want to alert you to some steps you might take before year-end to preserve the best possible tax results. As you explore these ideas, mostly you will find…

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