Robert Hall & Associates accounting firm has 45 years of professional tax consulting to the small businesses of Glendale, Pasadena, Burbank, and other surrounding California cities. Get small business tax planning and preparation tips and advice to help you manage cash flow, plan for growth, assess risks, keep your books in order, and more below.

3 Common Tax Deductions for California Homeowners

1. Mortgage Interest Deduction Mortgage interest is tax-deductible, but this year the deduction has been adjusted. The deduction is limited to interest on up to $750,000 of debt ($375,000 if you’re married filing separately) instead of $1 million of debt ($500,000 if married filing separately).   2.Property Tax Deduction Property taxes are generally still tax-deductible, but…
Read More

4 Common Tax Deductions for California Parents

If you’re a parent in the state of California, then the following information below will highlight all you need to know about some of the most common tax deductions for parents, such as the Child Tax Credit, the Child and Dependent Care Credit, and the Earned Income Tax Credit. 1. Child Tax Credit The Child…
Read More

State of California Tax Return Info

State of California Tax Return Information Do I Need to File a California State Tax Return? For all California residents, you should file state taxes IF: You are under the age of 65, and your gross income or your adjusted gross income is greater than the minimum requirement shown below: Gross Income Adjusted Gross Income…
Read More

What Is the Qualified Business Income (QBI) Deduction & How Can I Get It?

What is the qualified business income (QBI) deduction? To answer your question, the qualified business income deduction allows eligible self-employed and small-business owners to deduct up to 20% of their qualified business income on their taxes. In simple terms, if your total taxable income in 2019 was under $160,700 for single filers or $321,400 for…
Read More

Los Angeles, California Sales Tax Details

In 2020, the minimum combined sales tax rate for Los Angeles, California is 9.5%, which is the total of the state, county and city sales tax rates. Currently, the California sales tax rate is 6%, while the Los Angeles County sales tax rate is 0.25%, and the Los Angeles sales tax rate is 0%. As…
Read More

California Sales Tax Details

In the state of California, the state sales tax rate is 7.25%. This rate is made up of a base rate of 6% in addition to a mandatory local rate of 1.25% that goes directly to California city and county tax officials. Depending on local sales tax jurisdictions, the total tax rate can be as…
Read More

5 Big Tax Deductions for California Retirees

Growing older doesn’t always have to be a bad thing; as the older you get, the more perks you can receive to help cut annual taxes. The following are the top five tax deductions for retirees in California. 1.  A Higher Standard Deduction You will be able to deduct the amounts highlighted in the table…
Read More

5 Big Self-Employment Tax Deductions for Californian’s in 2020

Whether you’re an influencer, a freelancer, contractor, graphic designer or other self-employed professional, there is a wide variety of tax deductions curated specially for you. From your home, car insurance and even retirement savings, these deductions could get you the tax break you need. Read below to find the top five self-employment tax deductions. 1….
Read More

How to Lower Your Tax Amidst the New Tax Law

President Trump’s new tax law was meant to eliminate breaks and complicated loopholes for the wealthy, but it instead ushered in a new set of exploits for taxpayers. Many strategies rely on legislative provisions that provide incentives, such as a generous discount for owners of pass-through companies such as corporations, and a higher deduction rate…
Read More

Five Tax Incentives and Exemptions in Los Angeles

Los Angeles is one of the most expensive cities in the world. A thriving manufacturing sector and a remarkable start-up scene contributed to the city’s high cost of living. Thankfully, the City of Los Angeles provides a number of tax exemptions and programs that can eliminate or reduce your tax liability. Take note of the…
Read More

Have tax questions? Ask Us.

The first step to hassle-free accounting, tax returns, and tax planning starts by reaching out to one of our representatives.

Contact Us

Robert Hall and Associates Tax Consultants