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…
Read More
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.
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…
Read More
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…
Read More
Individual Extension Deadline For Federal Returns: What You Need to Know
Are you aware the IRS allows individuals who apply a six-month extension to file their federal tax return? If you answered “no,” you’re not alone. Many U.S. citizens do not take advantage of this incredible opportunity. If you answered “yes,” and you did file for an individual extension for your federal tax return, then you…
Read More
How to Arrange a Payment Plan With the IRS
Have unpaid taxes? If you’re facing a large tax debt to the tune of several thousands of dollars, it may seem like an impossible feat to pay it off. Luckily, contrary to popular belief, you don’t have to pay this debt off all at once! Why? The IRS would rather receive your money in installments…
Read More
Tax Advantages of S-Corporations and C-Corporations
Considering incorporating your business? There are many benefits to incorporating your business these days, but one of the first things you’ll have to decide is which entity is right for you. To help start your decision-making process, we’ve compiled an easy break down of two different corporation types—s-corps and c-corps—as well as the tax advantages…
Read More
LLC Filing Tips for California Businesses
Considering filing a Limited Liability Company? There are many benefits to incorporating your business into entities like an LLC, C Corp and S Corp. A Limited Liability Company, or LLC, is a popular choice amongst many new California small business owners. The filing process can be tricky for first timers, so we’ve broken down the…
Read More
Entertainment Tax Preparation: What’s Changed with the Tax Reform
Burbank, California is full of creative types, and whether you’re an actor, agent, director, or publisher, keeping track of expensable and non-expensable deductions for tax purposes can be a hassle. From dining with clients to hosting industry parties, your end-of-the-year expenses are bound to be drastically different from those working a 9 to 5 office…
Read More
How the New Tax Changes Benefit Glendale Small Businesses
While we’ve previously discussed the ways the Trump Tax Plan has affected individuals, like how W2 employees can no longer deduct non-reimbursed business expense from their tax return or the ability for 1099 employees to fully deduct expenses against their self-employed revenue, we haven’t yet discussed the ways the new tax laws affect local small…
Read More
How to Select the Best Burbank CPA or Tax Professional for Your Needs
With the recent changes to the tax laws, this tax season many individuals and businesses in the Burbank area and beyond have decided to turn to a tax professional for the first time. But with so many attorneys, CPAs, and Enrolled Agents out there, it can be difficult to decide who to trust with your taxes!…
Read More
