Category Archives: CPA Orange County

Elliot, Lewis, Lieber and Stumpf CPAs & Business Advisors – serving Irvine & all of Los Angeles County, CA – 949.829.8299

Basic Differences Between A Common Law System And A Civil Law System In Terms Of Contracts And Business
May 31, 2016

Common law and civil law systems affect how business is conducted within a country’s specific...

Important Ages on the Road to Retirement
April 12, 2016

To make the most of your retirement benefits, including 401(k)’s, individual retirement accounts, Social Security...

Hiding Money or Income Offshore During the 2016 Filing Season
April 11, 2016

The Internal Revenue Service wrapped up its annual “Dirty Dozen” list of tax scams earlier...

Overview of AICPA’s SSARS No. 21 – Section 70 and 80
March 14, 2016

The Accounting and Review Services Committee of the AICPA released the Standards for Accounting and...

Rex Vollmer Discusses Major Changes in Lease Accounting and Impact on Lessees
March 11, 2016

In February 2016, the Financial Accounting Standards Board (“FASB”) issued FASB Accounting Standards Updated, No....

How to improve your company’s preparation for a financial statement audit
February 29, 2016

It is that time of the year again when you have to prepare for your...

Valuable federal tax credits are extended into 2016
February 17, 2016

Good news for Santa Ana businesses! The recent tax bill included an extension of the...

EB-5 Immigrant Investor Process and Tax Compliance
January 6, 2016

Before the EB-5 investor obtains a green card, if he/she spends less than 183 days...

Year End Tax Planning Moves for Businesses & Business Owners
December 29, 2015

It seems every year Congress waits until the last moment to enact extensions on tax...

Finally some IRS relief for small businesses!
December 22, 2015

On November 24, 2015, the IRS released IR-2015-133. This ruling increases the threshold for deduction...

The Cost of Late-Filed Information Returns Increases
December 14, 2015

The Trade Preferences Extension Act, put in place June 29, 2015, significantly increases penalties for...

How to Prepare for Your Annual Financial Statement Audit
December 7, 2015

The year end is fast approaching. It is almost time for your independent auditors to...

FBAR Deadlines Modified by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015
October 30, 2015

On July 31, 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice...

Wholesale Distribution – How to Succeed in a Tight Margin Business
October 27, 2015

The wholesale distribution arena is a difficult environment for a company to operate in. Gross...

New trends in Santa Ana make it attractive to millennials and urbanites, prompting comparisons to Portland and Austin
October 13, 2015

At this year’s Santa Ana Chamber of Commerce GROW conference, panels of both city officials...