Different states have varying income tax rate, and some charge higher than the rest. While some states have no tax on earned income, California belongs to the group of US states with the highest rates together with Hawaii, Oregon, Minnesota, and New Jersey. California has a progressive tax rate that means you pay more as…
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Real Estate Tax Advice & Tips
With four decades of real estate tax accounting experience in the Glendale, Burbank & Pasadena areas, Robert Hall & Associates accounting firm has helped countless real estate agents, investors & developers implement the best tax strategies and enhance the values of their real estate holdings. Get real estate tax planning and preparation tips from the real estate accounting professionals at Robert Hall & Associates below.
Tax Tips for California Small Businesses
Keeping the lights on for a small business is already a daunting task; keeping up with your tax obligations is an equally demanding task that will eat up time that could have better spent on profitable activities. Unfortunately, being a small business does not insulate you from filing your income tax return and the many…
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Don’t Make These Mistakes When Hiring a Tax Preparer
Filing a tax return is understandably a daunting task for many Americans. Not only is the US tax code awfully complicated, Congress had also passed the largest tax reform legislation in recent history, which took effect in 2018. Those not keeping up with these changes are in for a hard time. Thankfully, there are professionals…
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What Business Entity is Best for Real Estate Investment
As real estate tax consultants, one of the top questions we get from real estate clients is “What business entity is best for real estate investment?” From your tax rate to profit-sharing, it’s common knowledge that the business entity you choose can have significant effects on your taxes, liabilities, and estate planning. The truth is,…
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Tax Planning Tips for Glendale Real Estate Agents
If you’re a real estate agent in Glendale, California, tax planning is essential. The new 2018 Tax Reform made significant changes to the tax liabilities and benefits afforded to self-employed persons and businesses including real estate agents. Now more than ever, it’s important to plan ahead so you can take advantage of certain deductions and money-saving…
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