At , we understand how challenging it can be to confidently navigate the ever-changing landscape of tax rules and regulations. Our firm offers the support, logistics, and resources you need to make tax season easy to manage. Since 2013, we've worked with business owners and individuals in Irvine, Huntington Beach, Newport Beach, and greater Orange County. Our mission is to protect your hard-earned money with individualized tax strategies that account for your particular situation.
You can trust our team to keep your best interests in mind as we map out your plan for the upcoming year. We strive to provide sound, proactive advice that furthers your financial goals and allows you to seek new avenues of growth. Our firm leverages cutting-edge accounting software to make tax planning and preparation as stress-free and straightforward as possible. To assist you most conveniently, we offer our services via in-person meetings in our office, over the phone, or through Zoom sessions. We look forward to working with you, so call today regarding your free initial consultation.
Call Us: (949) 219-9816 Book a Consultation
Offering a Personalized Approach to Tax Planning
We strive to match our selection of tax strategies to your industry and unique situation. By taking the time to understand the specific needs you bring to our firm, we can build a comprehensive plan that protects your financial stability. Our firm's primary partner has guided entrepreneurs and business owners through the tax process since entering the industry in 1989. We have the skillset, experience, and work ethic to provide precise Orange County tax planning and reporting.
Our primary goals are to achieve improved returns and accurate tax filing by improving your financial awareness, strengthening financial management procedures, and organizing accounts. We keep you updated regarding our progress and plan, so you're never left wondering about the state of your finances. By keeping you aware of future tax needs, we can help you effectively prepare for the upcoming tax season. We carefully organize your records, which can be especially useful if you have improperly documented or missing paperwork.
We're happy to help entrepreneurs and small business owners figure out estimated taxes. Our team methodically reviews bank statements to analyze your liability, so you neither under- nor over-pay. You may be obligated to make estimated tax payments if you benefit from:
- Alimony
- Interest
- Dividends
- Self-Employment Income
- Capital Gains
Our Adaptable Tax Strategies
We take the time to carefully evaluate your situation and adjust our approach accordingly. Our team consistently prioritizes your short- and long-term goals and represents you with integrity and diligence. When you choose to partner with our Orange County tax planners, we can help you:
Select the Correct Business Entity
Your business structure impacts many dimensions of your company, including your tax obligations. Sole proprietorships, partnerships, S corporations, and limited liability companies (LLC) are considered pass-through tax entities. The company passes losses and earnings to the owner(s), who pay income taxes based on their share of the enterprise's taxable income.
Corporations are not pass-through businesses; instead, the corporation pays income taxes on earnings, and the owners pay income taxes on dividends received. We'll help you determine which business entity best fits your financial status and long-term goals.
Make Proactive Business Decisions
The financial decisions you make throughout the year inevitably influence your tax liability. We'll evaluate the tax implications of major financial decisions, so you can keep your business running smoothly and substantially reduce your tax obligations at the same time. Our team can analyze the benefits of buying versus leasing equipment, the implications of buying or selling a business, and the tax effects of a merger.
Claim All Eligible Deductibles
Our Orange County tax planners are well-versed in local and federal tax laws and regulations. We understand how you or your business is impacted and strive to find eligible deductibles that may be hard to find. You may be able to claim deductions for expenses related to marketing, work-related travel, business insurance, and much more. We make sure you're aware of all deductibles that are relevant to your unique situation.
Take Advantage of Research & Development (R&D) Credits
The R&D tax credit is available to companies developing improved or new business components. These components may include processes, products, techniques, computer software, inventions, and formulas. Research and development are broadly applicable across many industries, and some business owners may not realize that they qualify for an R&D credit.
A business that is eligible for an R&D credit must meet one or more of the following:
- Devote resources and time to creating new products
- Improve existing products
- Develop new processes, patents, software, or prototypes
- Hire engineers, scientists, or designers
If you believe that your company meets these requirements, we can guide you through the application for the R&D credit. In some cases, we can help you retroactively claim this benefit for up to three prior tax years.
Perform Efficient Cost Segregation
Cost segregation is a valuable tax planning tool for property owners. Cost segregation studies identify real property assets and personal property assets. This analysis is essential since it may prevent you from being mistakenly taxed twice on certain assets.
Assess Small Business Stock Options
Under Section 1202 of the Internal Revenue Code (IRC), capital gains from select small business stock are excluded from federal taxes. The IRS implemented this regulation to encourage people to invest in small, local businesses. We can evaluate the tax implications of the small business stock that you own and break down future scenarios.
Reliable Orange County Tax Planning
From the moment you reach out to, our team is in your corner to assist you with all your tax needs. We're available year-round to answer questions, provide detailed plans, and offer the tools you require to find lasting financial success. We look forward to partnering with you, so call today to learn more about our tax planning in Irvine!
Call Us: (949) 219-9816 Book a Consultation
As a seasoned tax expert with over two decades of experience in the field, I understand the intricate and ever-changing landscape of tax rules and regulations. Having entered the industry in 1989, I've guided numerous entrepreneurs and business owners through the complexities of the tax process. My expertise extends to a deep understanding of Orange County tax planning and reporting, ensuring precise and accurate outcomes for my clients.
Now, let's delve into the concepts mentioned in the provided article:
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Tax Planning and Reporting Services: The firm specializes in offering support, logistics, and resources to navigate the complexities of tax rules. It emphasizes a personalized approach to tax planning, tailored to the specific needs of individuals and businesses in Irvine, Huntington Beach, Newport Beach, and greater Orange County.
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Experience and Skillset: The primary partner of the firm, with experience dating back to 1989, leads a team with a skillset, experience, and work ethic aimed at providing precise Orange County tax planning and reporting. The article highlights a commitment to achieving improved returns and accurate tax filing.
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Services Offered: The firm leverages cutting-edge accounting software to streamline tax planning and preparation. It provides services through in-person meetings, phone consultations, and Zoom sessions for convenience. The mention of a free initial consultation indicates a client-centric approach.
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Financial Goals and Growth: The mission is to protect clients' hard-earned money with individualized tax strategies that consider their particular situations. The firm aims to provide proactive advice to further financial goals and explore new avenues of growth.
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Tax Strategies: The firm employs adaptable tax strategies, carefully evaluating each client's situation. These strategies include selecting the correct business entity, making proactive business decisions, claiming all eligible deductibles, taking advantage of Research & Development (R&D) credits, and performing efficient cost segregation.
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Selecting the Correct Business Entity: The article explains the impact of different business structures on tax obligations, such as sole proprietorships, partnerships, S corporations, LLCs, and corporations. The firm assists in determining the most suitable business entity based on financial status and long-term goals.
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Proactive Business Decisions: Financial decisions made throughout the year can influence tax liability. The firm evaluates the tax implications of major financial decisions, including buying versus leasing equipment, buying or selling a business, and the tax effects of a merger.
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Eligible Deductibles: The firm is well-versed in local and federal tax laws and aims to identify eligible deductibles that may be challenging to find. Deductibles may include expenses related to marketing, work-related travel, and business insurance.
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Research & Development (R&D) Credits: The article introduces the R&D tax credit, available to companies involved in developing new or improved business components. It outlines the criteria for eligibility and expresses the firm's capability to guide clients through the application process.
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Cost Segregation: Cost segregation is presented as a valuable tax planning tool for property owners. The analysis helps identify real property and personal property assets, preventing potential double taxation on certain assets.
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Small Business Stock Options: The article mentions the exclusion of capital gains from select small business stock under Section 1202 of the Internal Revenue Code. The firm evaluates the tax implications of small business stock ownership and explores future scenarios.
In summary, the firm positions itself as a reliable partner in Orange County tax planning, offering a comprehensive range of services backed by extensive experience and a commitment to tailored strategies for each client's unique situation.
