L.A. Tax & Business Services

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.

07/16/2026

A new truck.

Equipment.

Computers.

Machinery.

The question isn't just whether you can afford it.

The better question is:

Will this purchase actually improve my tax position?

Recent tax law changes have expanded first-year deductions for many qualifying business assets, but that doesn't mean every purchase is a smart tax decision. Timing, cash flow, financing, and your overall tax strategy all matter.

The best business owners don't let the tax deduction drive the purchase.

They let the business strategy drive the decision.

07/15/2026

One of the biggest misconceptions in business is believing that a profitable month automatically means a healthy business.

It doesn't.

Your Profit & Loss Statement tells you whether you made money on paper.

It doesn't tell you:

• Whether customers have actually paid you.
• Whether your cash can cover payroll next week.
• Whether large tax payments are around the corner.

We've seen profitable businesses close their doors—not because they weren't making money, but because they ran out of cash.

Profit is important.

Cash flow is survival.

Know the difference.

07/14/2026

Not every costly mistake shows up as an obvious expense.

Many businesses lose money because of poor timing, missed tax planning opportunities, or decisions made without accurate financial information.

The most successful business owners don't just manage expenses, they make informed financial decisions throughout the year.

A proactive financial strategy can save you far more than simply cutting costs.

07/10/2026

Pass-through entities such as S corporations and certain partnerships offer legal protections and avoid double taxation. Does it make sense for your business?

Given the popularity of this business format, it continues to drive tax policy. Here is what you need to know.

07/09/2026

Many business owners picture an IRS auditor reviewing stacks of paperwork.

Today's reality is different.

The IRS uses automated matching systems to compare the income reported on your return with information received from banks, payment processors, clients, employers, and other third parties.

When something doesn't line up, it can trigger a notice long before anyone manually reviews your return.

That's why accurate bookkeeping matters every month—not just at tax time.

Good records don't eliminate every problem, but they help you respond with confidence if questions arise.

07/08/2026

07/08/2026

Many business owners assume that higher sales automatically mean a healthier business.

The truth is, revenue and cash flow are two completely different things.

A business can generate record sales and still struggle to pay vendors, employees, or taxes because cash isn't coming in at the right time.

The businesses that thrive don't just celebrate revenue—they understand their cash flow and make decisions based on it.

Knowing your numbers today can prevent financial stress tomorrow.

07/06/2026

Many business owners picture an IRS auditor reviewing stacks of paperwork.

Today's reality is different.

The IRS uses automated matching systems to compare the income reported on your return with information received from

👉banks,
👉payment processors,
👉clients,
👉employers, and
👉other third parties.

When something doesn't line up, it can trigger a notice long before anyone manually reviews your return.

That's why accurate bookkeeping matters every month, not just at tax time.

Good records don't eliminate every problem, but they help you respond with confidence if questions arise.

07/04/2026

Today we celebrate the freedoms and opportunities that make this country so special!

From all of us at LA Tax & Business Services, we wish you and your family a safe, happy, and memorable Fourth of July. Happy Independence Day 🇺🇸