HOW WILL THE LATEST TAX LEGISLATION AFFECT YOU? The “American Taxpayer Relief Act of 2012,” which was signed into law on January 2, 2013, includes new tax rates, restrictions on … Read More

January 1 of this year, Obamacareʼs (Patient Protection and Affordable Care Act) 3.8 percent Medicare Tax on the unearned income of “high income” individuals above certain thresholds went into effect. … Read More

Mike Song, CPA joins the firm as its Senior Audit and Accounting Manager.
Priscilla Bintoro-Yean, CPA joins the firm as a Tax and Accounting Manager.… Read More

Congress passed an extension of the 2% payroll tax cut that had been scheduled to expire at the end of February. … Read More

The IRS has reopened the offshore voluntary disclosure program (OVDP) to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.… Read More

New California Law imposes hefty civil penalties for employers who willfully misclassify workers as independent contractors. Faced with high payroll and workers’ compensation costs, many California businesses are increasingly tempted to hire part time workers as independent contractors, or even to reclassify existing employees as independent contractors. … Read More

THE TAX RULES CAN PROVIDE RELIEF WHEN DISASTER STRIKES Hurricanes, tornadoes, earthquakes, wildfires, floods, storms. Few parts of the country escape the risk of natural disaster. If you’re an unlucky … Read More

The earthquake, tsunami and nuclear reactor fallout in Japan have created a national disaster, the damage of which is beyond comprehension.  Millions of dollars have already been donated, and as … Read More

One of the main goals that we all are striving for as tax season approaches is to maximize our deductions, and one crucial element are deductions we can take for … Read More

As the deadline nears to file our personal tax returns, we all are doing our best to maximize our deductions and increase our tax refunds while avoiding the dreaded IRS … Read More

One of the key issues that arose from the sub-prime mortgage crisis was the issue of mark to market accounting, specifically how mortgage-backed securities which are on a bank’s balance sheet should be valued. … Read More

Does your current CPA identify opportunities for your business’s growth rather than simply looking at your historical figures? Does your CPA respond promptly to your calls or emails? Do you … Read More