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5 Business Mistakes That Can Be Fatal By BUSINESSNAME
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...
Passing Down Your San Diego Family Business
If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your San Diego family business? You need to...
A Few Helpful Tips for San Diego Businesses to Win at Controlling Costs
So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads ... even the leanest San Diego...
Expense Reimbursement vs Company Credit Cards: What San Diego Business Owners Need to Decide
If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc. or using a company cc. Oh my San Diego readers, I'm going to take you down a little rabbit hole...
Effective Financial Documentation Strategies for San Diego Taxpayers
Today’s topic has the benefit of ensuring your San Diego "financial fortress" is as airtight as it can possibly be, which has its own advantages. Ah, the wonders of financial documentation... Effective Financial Documentation Strategies For San Diego Taxpayers "You...
5 Tax Planning Tips to Give Your San Diego Business a New Look This Summer
Before we talk about some tax planning tips to give your business a new look this summer, I first want to say that I hope your Memorial Day weekend was special. Even though this San Diego business owner had some work to do, a quiet office is my friend. In thinking...
Luis Serrano’s Three Business Tax Penalties To Avoid When Possible
With May 17th behind us, we’re turning towards the planning and optimization part of our calendar.But before we leave taxes in the rearview, let's address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a...
4 Next Steps for Business Tax Return Review
This week marks the end of another tumultuous tax filing season.I can’t remember anything like it. With the last minute legislative changes, software update delays, and IRS service issues -- this very well might have been the most disrupted and difficult tax season in...
Expense Reimbursement vs Company Credit Cards: What San Diego Business Owners Need to Decide
If you'll forgive me, I'm going to get pretty geeky today.You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc. or using a company cc. Oh my San Diego readers, I'm going to take you down a little rabbit hole...