Blog
Big Beautiful Bill Details Los Angeles Westside Business Owners Might Have Missed
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in...
What Payroll Checklist Steps Do Los Angeles Westside Business Owners Need to Complete Before December 31?
Key TakeawaysVerify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create big...
Los Angeles Westside Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as theyâre not exclusive to owners or...
Can Los Angeles Westside Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
Randy Redmondâs Perspective:Â What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for Los Angeles Westside Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce...
Why Cash Flow Management Is Important At Year-End in Your Los Angeles Westside Business
Key Takeaways Profit doesnât equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow...
What Year-End Moves Can Protect Los Angeles Westside Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractorâs Form W9 on file before the first payment. If your contractor wonât give you a W9, be persistent. The IRS...
Changing Your Business Entity Means A Lower Tax Bill, Los Angeles Westside Owners
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If youâre a Sole Proprietor or single-member LLC, youâre likely paying a...