Robert Hall & Associates provides comprehensive accounting and financial assistance to help you in every aspect of your business’s finances. We believe that every business has a different fiscal situation, which is our approach for each of our clients is tailored fit to meet his unique objectives. The only thing that stays the same is…
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Small Business Tax Advice & Tips
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.
Tax Year 2018 California Income Tax Brackets
In 2017, the “Tax Cuts and Jobs Act” overhauled the tax income through sweeping changes made to the tax code, which many consider the largest changes that have been made in 30 years. The following brackets have been in effect since April 2019. California Single Tax Brackets Tax Bracket Tax Rate $0.00+ 1% $8,223.00+ 2%…
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Tax Deductions for Small Businesses
Tax deductions are invaluable to small businesses, because the money they save is invested back to the business instead of going to the government. A number of expenditures can be written off, but it’s also a matter of knowing which ones. A number of deductions are available for different entities. C corporations, S corporations, partnerships,…
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CPAs Vs Other Tax Pros: Which One Do You Need?
In the US, there are a number of professionals who can help you make sense of the US tax code: CPAs, accountants, and tax preparers. The difference in titles is there for a good reason as they have different level of competencies and qualifications. If you own a small business requiring an uncomplicated tax return,…
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Why You Need a Tax Preparer For Your Small Business
Small businesses are not spared from their tax obligations. Like their larger peers, they are required to file their tax returns in time. Often, small business owners who have little to no knowledge of taxation rely on tax professionals to prepare their filings. Tax preparers 101 Think of the “tax preparer” tag as a general…
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A Quick Guide to California’s Income Tax System
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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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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Tax Benefits of Retirement Plans for Self-Employed Individuals
When you’re self employed, you’ve got a lot of responsibilities on your plate to keep your business afloat, but that doesn’t mean you can neglect saving for retirement. Unlike a traditional employee who may have a 401k plan, it’s all up to you to prepare for your financial future. Fortunately, there are several retirement plans…
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Answering Your Common Bookkeeping Questions
Keeping up with your bookkeeping can be a hard task, especially if you’re a small business owner and wear many hats. From crafting monthly operating statements to balance sheets, budgets, and financial graphs, having a qualified accounting firm to assist you with your bookkeeping can make all the difference. We’ve helped numerous clients in a…
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