Common Tax Breaks That You Can Take Advantage
Here’s a list of common tax break savings that you can take advantage of.
Are You Taking Advantage of Tax-saving Strategies for 2019?
Maximize your tax benefits. From deductions to credits, let Local Tax walk you through the process and save time and money in the long run.
The Most Common Reasons Tax Returns Get Audited
“Only about 1% of taxpayers are audited. What triggers an audit is generally something on the tax return that’s out of the ordinary,” he says. “For example, if you have a side business and file a Schedule C, the IRS will flag large losses, particularly if they offset other income. The IRS is looking to […]
Did You Know You Can Increase Your Retirement Contributions for 2019?
The IRS adjusted its contribution limit to your retirement account. You’ll be able to avail of the additional tax savings when you file your taxes in 2020. Generous employers can give you extra towards your retirement account. We summarized the changes with a table that you can use as a guide. Most of the tax […]
You Still Have Time, Beat the Tax Extension Deadline!
Even if it’s a holiday, Local Tax has normal office hours. If you have any concerns or questions about your returns, call us today! You can also drop by our office in Bellflower for more detailed assistance with your returns. We are here until 5 PM and can help with your inquiries in both English […]
Income Tax Extension Deadline October 2019, Are You Ready?
The federal tax extension deadline is on Oct. 15.
Reasons Bookkeeping Keeps Your Sanity
In Los Angeles County, there are 244,000 registered businesses. From one-man team proprietors to companies that manage hundreds of employees. They have one thing in common in regard to keeping an eye to profitability – bookkeeping.
Los Angeles Property Owners Tax Savings for 2019-2020 Returns
In addition Los Angeles Property owners and nonprofits are on track to get significant tax savings estimated to $620 million for the tax year 2019-2020.
5 Advantages of Having a Tax Professional on Your Side
With the tax extension deadline due on October 15th, having a local tax professional on your side gives you the peace of mind that your returns will be filed on time and professionally. Yes, there is tax software that has low prices but you will be surprised that having a tax professional on your side […]
10 Most Tax-Friendly States in the U.S.
10 Most Tax-Friendly States in the U.S. Given a choice of several job opportunities across the country, or several contiguous states in which to live for a job in the area, don’t overlook the impact of state and local taxes on your household finances. These ten states impose some of the lowest taxes in the U.S., […]