When it comes to estate planning, asset protection is paramount. No matter how well your estate plan is designed, it won’t benefit anyone if you wind up with no wealth to share with your family. If you have substantial assets in employer-sponsored retirement plans or IRAs, it’s important to understand the extent to which those […]
These factors can have a big impact. Some charitable donations provide larger deductions than others, and it isn’t necessarily based on how much – or even what – you donate that matters. How the charity uses your donation can have a large outcome on your deduction. Take vehicle donations, for example. If you donate your […]
by Julia Damasco We provide expert tax planning and compliance services for same sex couples and domestic partners. Contact me if you would like to talk about our experience and the specialized services we provide. The IRS has created several resource documents addressing tax issues unique to same sex married couples and certain domestic partners. […]
California AB 1513, which went into effect on January 1, 2016, added section 226.2 to the California Labor Code. The statute establishes standards for compensating “piece-rate” employees for rest and recovery periods and other nonproductive time going forward from the effective date of the statute. Labor Code section 226.2 also establishes a process for employers […]
(LOS ANGELES, CALIFORNIA) August 19, 2016 – Michael Kaplan, a Partner CPA from Miller Kaplan Arase LLP, has been recognized by Billboard Magazine as one of the top 30 music managers in the industry. Compiling the exclusive list from surveyed industry sources, including executives who rank in Billboard’s annual Power 100 list, the media mogul […]
The majority of tax-exempt organizations need to file IRS Form 990 on an annual basis. The return provides an overview of an organization’s financial information, activities, and governance. There is also a section for the organization to present an overview of accomplishments during the year in order to justify and maintain its tax-exempt status. Tax-exempt […]
As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on the market. After all, in many locales, summer is the best time of year to sell a home. But it’s important to think not only about […]
By investing in qualified small business stock (QSB), you can diversify your portfolio and enjoy two valuable tax benefits: Tax-Free Gain Rollovers. If within 60 days of selling QSB stock you buy other QSB stock with the proceeds, you can defer the tax on your capital gains until you dispose of the new stock. The […]
Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end. But don’t succumb. For maximum tax savings, now is the time to start tax planning for 2016. Don’t Leave Tax Planning for the End of the Year. A tremendous number […]
Yes, the federal income tax filing deadline is slightly later than usual this year – April 18 — but it’s now nearly upon us. So, if you haven’t filed your federal income tax return yet, you may be thinking about an extension. When are the tax extension deadlines? Filing for a tax extension allows you […]
Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. How Expenses […]