Business Consulting – LSL CPAs & Business Advisors – 714-569-1000 – Santa Ana, California
If you’re not, you can learn from them. What is a Virtual Family Office? A Virtual Family Office or VFO is an advisory team that you might share with a few other people. The team members may include an estate lawyer, financial planner, investment advisors, CPA, attorneys, and other consultants. And Read more…
. . . and WHAT’S the RUCKUS? Here’s the ruckus: This deduction, created by the 2017 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20 percent of their Qualified Business Income (QBI), plus 20% of qualified Real Estate Investment Trust (REIT) dividends and qualified Publicly Traded Read more…
Maybe. When you have a business presence in another state, you must charge and remit sales taxes in that state. This is referred to as ‘nexus’. Nexus impacts businesses that sell products and some services directly to the consumer. It’s a big deal because if you’re company does not remit Read more…
Do you want to know how to increase the value of your business? Give the buyer (investor) what they want. And what does the smart investor look for when they are considering the purchase of a business? They look for a company that can achieve above average returns with limited Read more…
Change At LSL, we’re always trying to share business development strategies to help our clients run a more successful business. These ideas and strategies have proven to be effective in many different types of businesses. However, for you and your team members to effectively implement these ideas you need to Read more…
In my previous article, “The Top 5 Reasons to Move Your Books to the Cloud”, I discussed how anytime, anywhere cloud access is the future of small business accounting systems. One of the reasons cloud accounting is taking off is the availability of inexpensive, yet robust, specialized applications that will Read more…
Are you considering downsizing as you head into retirement? If you are aged 55 and older, there is a tax break you can qualify for in California that allows you to keep your property tax base as you relocate. California voters approved a pair of propositions in the late 1980s that Read more…
What is your new year’s resolution? For 401(k) plan administrators, it is a good time to go over the plans’ operation and make changes where needed. Here are a few tips on how to make sure your plan is ready for the New Year: Make sure amendments made to the Read more…
LSL Shareholders had the pleasure of attending Oppenheimer’s Professional Alliance Group Conference in New York City on November 16-18th. Since its inception, the PAG program has experienced tremendous growth and is currently overseeing 126 relationships both domestically and internationally. PAG relationships include CPA firms, family offices, business managers, attorneys, and Read more…
It’s likely that big tax changes are on the horizon. It’s unknown at this time when these taw lax changes will be effective, but most likely they will be spread out during 2017 and 2018. Individual Tax Changes Trump’s plan would simplify the current 7 tax brackets to 3 brackets. Read more…