Tax planning is the process by which we make sure you are paying the right amount of taxes at the right frequency. Why? If you own your own business, you need to manage your tax liability, which means not paying too little, of course, but not paying too much either. Read more…
Here’s some great news for California owners of real estate investment properties: As of September 1, 2018, the California Office of Tax Appeals (OTA) has issued a new position regarding “drop and swap” real estate transactions (defined below). The OTA ruled that drop and swap is an accepted business practice Read more…
Effective January 1, 2011, the state of California will require that all smaller tax exempt organization (those with $25,000 of gross receipts or less) electronically file an annual informational notice with the Franchise Tax Board (FTB). The informational notice is the FTB 199N, Annual Electronic Filing Requirement for Small Tax Read more…
In this day and age you can never be too careful regarding your cybersecurity precautions, as they are of the utmost importance in the effort to keep your financial and other personal data secure. As a full service tax and accounting firm, LSL CPAs and Business Advisors knows this all Read more…