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At the heart of every successful business is a strong financial foundation, and Dimple Sankhla, CPA, is passionate about helping c...

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The Internal Revenue Service (IRS) allows certain self-employed individuals or business owners to deduct expenses related to using...

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FinCEN's Latest Guidance: BOI Submission Now Voluntary

January 28, 2025

On January 24, 2025, FinCEN released updated guidance following the U.S. Supreme Court's decision to overturn a nationwide injunct...

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Tax Changes Happening in 2025

January 21, 2025

For tax year 2025, the standard deduction for married couples filing jointly rises to $30,000, an increase of $800 from 2024....

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IRS Grants Filing and Payment Extensions for Los Angeles County Wildfire Victims

January 14, 2025

The IRS has announced tax relief for individuals and businesses in Los Angeles County affected by the recent wildfires. Taxpayers ...

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Major Disaster Declaration for Los Angeles County Wildfires

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President Biden has issued a major disaster declaration for the wildfires impacting Los Angeles County. This declaration allows in...

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Important Update: BOI Reporting Temporarily Suspended

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On December 26, 2024, the Court of Appeals lifted a stay that prevented enforcement of the CTA and its Reporting Rule. Because of ...

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Sales Tax in the Software Industry: Navigating Complexities in California

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California is home to a thriving software industry, ranging from large-scale enterprises to innovative startups. While the opportu...

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FinCEN Alert – Update making BOI Optional

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In response to the preliminary injunction ordered on December 3, 2024, FinCEN, a bureau of the U.S. Department of the Treasury, is...

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