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Some people may find that they have higher tax bills for 2021 than they have in previous years. During this live event, CPA Dimple Sankhla and Business Development and Outreach Manager Neha Mahajan discuss the many factors could contribute to this increase in taxes.

Small business owners can save on their taxes by taking advantage of tax credit opportunities. There are multiple small business tax credits that may be a fit for your business. Work closely with your Chugh CPAs, LLP professional to proactively plan and minimize your tax bill.

Corazon Chua truly enjoys that her role allows her to help clients manage their accounts with the firm.

Deferred taxes are a result of the difference in timing recognition between United States tax law under the Internal Revenue Code (IRC), and the standard US accounting method generally accepted accounting principles (GAAP). Join Accountant Jarrell Ochoco for an overview of the differences between these two standards, and how they …

Deferred Taxes: US GAAP and the Internal Revenue Code (IRC) Recognition Differences Read More »

Taxpayers who itemize on their federal tax returns can deduct certain state and local taxes (SALT). In 2017, The Tax Cuts and Jobs Act (TCJA) capped SALT deductions at $10,000. To counter this cap, the California Assembly recently introduced a pass-through entity (PTE) elective tax.