Barry A Snell, CPA

Barry A Snell, CPA Litigation Support
Tax Services
Business Management
Audit & Accounting
Business Valuations

Do you have a Solo 401(k)?Even if you don't have any full-time employees, other than yourself & a spouse, you can contri...
07/21/2026

Do you have a Solo 401(k)?

Even if you don't have any full-time employees, other than yourself & a spouse, you can contribute up to $72K for 2026.

That's money off your taxable income, reducing the amount of income taxes you owe!

And if you are ages 60-63, you can add an additional $11,250 to that.

Business owners, are you contributing to your retirement plan as both the employee and the employer?This can drastically...
07/20/2026

Business owners, are you contributing to your retirement plan as both the employee and the employer?

This can drastically increase the amount of pre-tax contributions, reducing your taxable income!

So you don't miss this chance to save on your taxes, we're talking about it all week! Come back tomorrow for another tip!

Travel, meals, and auto expense records need to be created at or near the time of the expense — not reconstructed for an...
07/17/2026

Travel, meals, and auto expense records need to be created at or near the time of the expense — not reconstructed for an audit — to prove your deductions to the IRS.

Save receipts, keep a dated mileage log, and snap photos of records so you’re audit-ready.

Business owners are required to offer retirement benefits to their employees. We can help!We partner with ADP to help ou...
07/16/2026

Business owners are required to offer retirement benefits to their employees. We can help!

We partner with ADP to help our clients who are business owners stay compliant.

Email us today.

Best ways to save money in today’s economy:- Build a 3–6 month emergency fund and automate transfers - Track spending f...
07/15/2026

Best ways to save money in today’s economy:

- Build a 3–6 month emergency fund and automate transfers
- Track spending for 2 weeks to find easy cuts (subscriptions, takeout)
- Refinance/high-interest debt and prioritize high-rate balances
- Use a high-yield savings account for short-term goals
- Negotiate bills (internet, insurance) and switch providers when it pays
- Meal plan, bulk cook, and shop with a list to avoid impulse buys
- Add a small side hustle or sell unused items to boost savings

Which one will you try first?

Business Owners!How are you documenting your business expenses?The IRS doesn't have to accept your deductions. You have ...
07/14/2026

Business Owners!

How are you documenting your business expenses?

The IRS doesn't have to accept your deductions. You have the burden of proof.

Bank statements are not enough when you use cash to purchase business items. You need a paper trail! You need detailed documentation!

The IRS assumes that all deposits are income and expenses are personal so how are you going to prove otherwise?

That's the power of business meetings and receipts. The IRS requires the amount spent, date and place of the expense, purpose, and relationship of anyone involved.

Do you have a paper trail?

Did you know that the SECURE 2.0 Act includes a provision that permits up to $35K of unused funds in a 529 Plan to be tr...
07/13/2026

Did you know that the SECURE 2.0 Act includes a provision that permits up to $35K of unused funds in a 529 Plan to be transferred to the beneficiary's Roth IRA without a penalty?

As long as:

⏯️ the account is at least 15 years old

⏯️ the funds do not revert to the owner

⏯️ the contribuitons weren't made in the last 5 years

⏯️ transfers don't exceed the max contribution limits

⏯️ the move is a direct trustee-to-trustee transfer

⏯️ the beneficiary has earned income at least equal to the amount transferred

It's good to know that there are options. Know yours!

Cheers to our staff accountant, Mrs. Tenisha Collins, on her birthday! Thanks for crunching the numbers and keeping our ...
07/10/2026

Cheers to our staff accountant, Mrs. Tenisha Collins, on her birthday!

Thanks for crunching the numbers and keeping our clients happy.

Enjoy your day off! 🎉⚖️

Did you know CA offers renters a credit if you rented in California for the full tax year?⏯️ The rental unit must be you...
07/09/2026

Did you know CA offers renters a credit if you rented in California for the full tax year?

⏯️ The rental unit must be your primary residence.

⏯️ You must not have been given a property tax exemption during the tax year.

⏯️ You must not be claimed as a dependent on another person’s tax return.

⏯️ You must be 65 or older by December 31, 2025, or meet certain disability or surviving spouse criteria to qualify.

⏯️ Your household income for MFJ must not exceed $107,988.

Help us wish the boss and his beautiful wife a very happy wedding anniversary! So grateful to celebrate your love — here...
07/08/2026

Help us wish the boss and his beautiful wife a very happy wedding anniversary!

So grateful to celebrate your love — here’s to many more joyful years together. ❤️

Address

5711 W Slauson Avenue
Culver City, CA
90230

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(310) 410-0119

Website

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