L.A. Tax & Business Services

08/07/2026

Time to plan for new contribution levels for your health savings account. Find the 2026 limits here.

Contribution limits for the ever-popular health savings account (HSA) are outlined for 2026. Now is a great time to review your situation and make adjustments as appropriate.

08/05/2026

Most business owners celebrate hitting a new revenue milestone.

And they should.

But here's something I've learned after working with businesses across different industries...

Revenue tells you how much you've sold.

Profit tells you how much you've earned.

Cash flow tells you whether your business can survive.

I've seen businesses doing over a million dollars in sales struggle to pay payroll because they weren't managing cash flow properly.

The healthiest businesses don't obsess over revenue alone.

They understand all three numbers and use them to make better decisions.

Question for you: Which number do you check most often: Revenue, Profit, or Cash Flow?

08/05/2026

Tax savings come in all shapes and sizes. Here are some life events that require your attention if you do not wish to have a tax surprise latter on during the year.

Sometimes the biggest financial opportunities come from paying attention to the details. In this issue, we highlight the details of several tax rules that can impact many of your life's important milestones. You'll also find an overview of the increased business mileage rates for the second half of....

07/31/2026

Before school gets going this fall, check out these school expenses that might help you decrease your tax bill.

Time to buy school supplies? Pay for field trips? Is any of this tax deductible? Here are some ideas to find a tax break in the back-to-school rush.

07/28/2026

Tax season is not the time to start planning. The biggest tax-saving opportunities happen throughout the year through proactive planning, smart financial decisions, and the right strategy.

If you are only thinking about taxes when the deadline approaches, you could be paying more than necessary.

Plan ahead. Save more. Keep more of what you earn.

📞 Ready for year-round tax planning? Let's talk.

Hashtags:

07/24/2026

If you're age 70 or older, you can transfer up to $100,000 (or a total of $200,000 for joint filers) directly from your IRA to a qualified charitable organization without paying any tax.

Even though the higher standard deduction limits make charitable deductions harder to find, there are still great options to find tax breaks within your charitable giving. Here are some great tips.

07/23/2026

Most owners think payroll is their biggest expense.

Sometimes...

It's actually an unnoticed mistake.

A duplicate subscription.

Incorrect sales tax reporting.

Misclassified workers.

Unreconciled bank transactions.

Forgotten recurring software.

These small leaks rarely grab attention.

But over twelve months, they can quietly cost thousands.

Smart business owners don't just look for ways to make more money.

They regularly look for where money is escaping.

That's where real profit begins.

07/21/2026

Here's a cost that doesn't appear as a line item...

Poor financial decisions.

Buying inventory too early.

Missing tax planning opportunities.

Paying penalties that could have been avoided.

Keeping unprofitable services because "they've always been there."

These decisions quietly drain thousands of dollars every year.

The businesses that grow consistently don't just manage expenses.

They manage decisions.

Sometimes the biggest savings don't come from spending less.

They come from making smarter financial choices.

07/20/2026

Receiving an IRS notice doesn't automatically mean you've done something wrong.

Many notices are simply requests for clarification or additional information. The biggest mistake is putting the letter aside and waiting too long to respond.

Acting early can help you avoid unnecessary penalties, reduce stress, and give you more options to resolve the issue.

If you've received an IRS notice and aren't sure what it means, don't guess get the right guidance.

07/17/2026

Providing a gift of stock can make sense if handled properly. Read more.

Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.