If you are getting ready to prepare your tax return, then you are probably wondering likelihood of the IRS auditing your return. All tax returns are processed electronically, and a full IRS audit has become increasingly rare. But there is still a small chance that you may be selected for an audit. This chance is greatly…
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Tax Advice Blog for Glendale, Burbank & Pasadena
Want to know how the 2018 tax reform will affect you? Perhaps you are debating hiring an Enrolled Agent or a CPA? Considering utilizing TurboTax or another tax software program? Whatever questions you have, our tax professionals have the answers! Get the latest tax advice and tips from the professionals at Robert Hall & Associates. Browse our tax-related articles below or contact us to schedule a consult.
Smart Ways to Use Your Tax Refund
If you’re one of the many that receive a tax refund, here are simple ways you can spend it that can help your overall financial picture, according to a Forbes article by Kristin O’Keeffe Merrick. While a “refund” is merely an over-payment of taxes from last year, it’s always nice to receive a check in…
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How to Get Ready for the Tax Preparer
This week is the start of the tax season and the Internal Revenue Service (IRS) announced that it expects to issue refunds within 21 days—nothing new here. But there are complications: the potential for another government shutdown, tax cuts, and the new JOBS Act. People who are concerned about these new measures could easily lose…
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Everything You Need to Know About Hiring a Tax Firm in 2020
If you have a small business, then you need a tax professional to help you with your filings. Besides eliminating the tension come tax time, you can keep the IRS off your back if your business taxes are properly organized. You need to find one who is reliable, and who knows what he or she…
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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…
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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…
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How Business Owners Can Lower Their Taxes
Every dime saved by a small business owner can be re-invested in his or her business. This makes the exercise of finding legitimate ways on saving on taxes a worthwhile endeavor, and even a must especially if you feel that you’re overpaying your taxes. Can taxes be overpaid? Sure. You can easily miss common deductions…
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Los Angeles Tax Accountants
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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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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