Tax Consultant Blog

Knowledge is power. Stay on top of the latest tax laws, strategies, and tips from the tax professionals at Robert Hall & Associates. Wondering what the difference between Enrolled Agents and CPAs are? How about any tax deductions you might be missing? Find the answers to these questions and more here!

Tracking your California Tax Refund

How much tax you owe will depend on several factors, including how much you earn, your filing status, adjustments, deductions, and tax credits. Overpaying can happen, and if you overpay your taxes, you can still get a refund. In California, you can track the status of your refund using the State of California Franchise Board. The…
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Tax Planning Strategies for Every Business

Smart tax preparation can make a big difference for your company. Different companies have different tax planning strategies that they use, but general principles exist that apply to any type of business. If you’re a business owner who wants to mitigate the impact of taxes, try applying one of these strategies. Postponing Income and Accelerating…
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The Advantages of an S Corporation

S corporations are corporations that chose to pass their corporate income, losses, deductions, and credits through to their shareholders. S corporations report their flow-through income and losses on their tax returns. Certain corporations choose to be treated as S corporations for Federal tax purposes. One major reason is that the S election allows companies to…
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Why You Should Let a Pro Do Your Taxes

Doing your own taxes is a viable option, especially if you’re running a small business. It’s perfectly fine if you’ve mastered this particular area of business, but if you don’t know what you’re doing, it would cost you. Even the IRS warns against this practice. According to the agency, accidentally failing to comply with tax…
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How to Find the Best CPA or Tax Accountant Near You

The need for a CPA, or any tax preparer for that matter, will depend on your tax situation. More straightforward filings will likely not need the expertise of a CPA, but more complex tax situations like facing an IRS audit will surely require the services of an expert. What is a CPA? A CPA is…
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The Taxes a Small Business Must Pay

Small businesses are an important driver of the US economy. According to the Small Business Administration, approximately 30 million small businesses operate in the country, making small businesses the vast majority of employer firms in the country. These businesses provide jobs to about 58.9 million workers. There’s no one definition of a small business. A…
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The Difference Between Property Tax and Real Estate Tax

Property tax refers to the tax paid on a property by an individual or a legal entity. The amount owed by the owner is determined by multiplying the prevailing property tax rate by the market value of the property. Taxpayers often confuse property taxes with real estate taxes. It is easy to make this mistake…
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Types of Taxes Business Owners Need to Pay

Businesses have to contend with many different types of taxes like federal, state, and local taxes. Taxes may depend on different business practices, such as selling taxable goods or services, using machinery, owning business property, having employees, and more. Any activity associated with your business can have an impact on your taxable income, for instance,…
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Tips to Find the Best Tax Preparer Near You

Americans have until April 15, 2020 to file their 2019 tax returns. Because of this, it is the season of tax preparers or tax advisors. Many, however, still don’t know much about them or how to find a competent tax preparer. According to NerdWallet, some 80% of US citizens who used tax preparers never asked…
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8 Keys to Increasing Revenue in 2020; Clear & Concise Small Business Strategy & Execution Tools To Move Beyond Past Results.

When: Wednesday, March  18th 2020 Check-in: 6:30pm Seminar: 7:00pm – 9:00pm Less than 4% of Small Businesses ever become thriving companies (20%+ growth/year, 4 consecutive years). This event addresses the 8 Keys required to Increase Your Revenue in 2020. Join us for this impactful presentation and learn from a global business coach that has helped…
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