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BusinessServices, Los Angeles, CA (2026)

07/16/2026

How to Legally Reduce Your Federal Taxes: New Deductions Available

Starting with the 2025 tax year, federal tax law introduced several new deductions that can significantly reduce taxable income for employees, self-employed workers, drivers, tipped workers, vehicle owners, and taxpayers age 65 and older. The most widely discussed provisions are often described as “no tax on tips” and “no tax on overtime,” but these phrases can be misleading. The law does not simply make all tips or all overtime pay tax-free. Instead, it allows eligible taxpayers to claim specific deductions, subject to maximum limits, income thresholds, documentation requirements, and other conditions.

The new deductions are claimed on Schedule 1-A and include qualified tips, qualified overtime compensation, certain passenger vehicle loan interest, and an enhanced deduction for eligible seniors. They are available even to taxpayers who take the standard deduction rather than itemizing deductions, which makes them potentially relevant to a much broader group of taxpayers than traditional itemized deductions.

One of the most important things taxpayers need to understand is that the maximum deduction allowed by law is not an automatic deduction. A taxpayer cannot simply subtract $25,000 because he or she received tips or $12,500 because overtime was worked during the year. The deduction must be based on the actual qualifying amount received and supported by tax forms or other reliable documentation.

The qualified tips deduction allows eligible taxpayers to deduct up to $25,000 of qualified tips per tax return. The deduction begins to phase out when modified adjusted gross income exceeds $150,000 for most individual filers or $300,000 for married taxpayers filing jointly. Married taxpayers generally must file jointly to claim the deduction, and the person who received the tips must have a valid Social Security number.

https://business-services-usa.com/2026/07/11/new-deductions-available/

07/11/2026

Child Tax Credit may be worth up to $2,200

The Child Tax Credit is one of the most important federal tax benefits available to families with children in the United States. It is designed to reduce the amount of federal income tax a family owes and, in some cases, may also increase the taxpayer’s refund. For many parents, this credit can make a meaningful difference at tax time, but it is also one of the areas where taxpayers often misunderstand the rules, especially when income, filing status, custody, immigration status, or dependent information changes during the year.

https://business-services-usa.com/2026/07/03/child-tax-credit-may-be-worth-up-to-2200/

07/03/2026

Business Plan Preparation for Startups, Investors, Financing, Leasing, Internal Planning, and E-1 / E-2 Visa Cases

A business plan is not just a document with general words, attractive charts, and optimistic projections. A professional business plan is a structured explanation of how a company works, how it makes money, what market it operates in, what resources it needs, what expenses it will have, what risks may affect it, and how the company is expected to grow. A business plan may be prepared for many different purposes: startup planning, investor presentation, bank financing, commercial lease approval, partnership negotiations, internal company planning, business expansion, relocation to a new market, or as a supporting business document for E-1 Treaty Trader visa and E-2 Treaty Investor visa cases when requested by the client or the client’s attorney.

The purpose of the business plan matters, but the core of the document remains the same. It must show a real business model, realistic numbers, clear operations, and a practical growth strategy. A business plan for investors must explain scalability, return on investment, market opportunity, financial projections, risks, and how investor funds may be used. A business plan for bank financing must focus on repayment ability, cash flow, stability, assets, expenses, debt obligations, and financial discipline. A business plan for a commercial lease must show that the business can afford the rent, operate legally at the selected location, and generate enough revenue to remain stable. A business plan for internal use helps the owner understand whether the business idea is realistic, whether expansion makes sense, where the expenses are too high, and what must be changed before money is spent.

The business plan must answer the practical questions: what the company does, how it earns money, why the business is realistic, what has already been done, what will happen next, what expenses are expected, and how the company may grow in the United States.

https://business-services-usa.com/2026/07/03/business-plan-preparation-for-startups-investors-financing-leasing-internal-planning-and-e-1-e-2-visa-cases/

07/03/2026

Free consultations, discounts of up to 13% on all accounting and business services, secure payment and document upload, and guaranteed service completion — all available through our portal.

You can open a company, order accounting services, file a tax return or annual report, translate documents from any language, set up registered agent service, obtain a mailing address for your company, and order other business services online.

You securely upload your documents, complete the questionnaire, pay for your order by credit card, debit card, PayPal, or Zelle, and keep the full history of your work in your client account.

The portal can be used in the language that is most convenient for you.

Our AI Assistant answers simple questions for free. For more complex matters, you can schedule an online consultation, choose a convenient date and time, and select the consultation format.

We also offer a bonus and referral system.

One service credit equals one U.S. dollar.

You earn credits for registration, purchases, and inviting friends. The more credits you earn, the higher your membership level and discount: Silver, Gold, or Platinum — up to 13% off services. Credits remain valid for 365 days, allowing you to use discounts on an ongoing basis.

https://business-services-usa.com

06/29/2026

Deduction Limit Increased to $40,000
For years, many California homeowners have been frustrated by the federal limit on state and local tax deductions. Even if a family paid tens of thousands of dollars in California income taxes and property taxes, the federal government allowed only $10,000 of those taxes to be deducted on a federal tax return.

Now that limit has increased to $40,000, creating a potentially significant tax benefit for homeowners, high-income earners, and taxpayers living in states with higher taxes such as California.

At first glance, an increase from $10,000 to $40,000 may not sound exciting. After all, a deduction is not the same as cash. However, the difference is much larger than many people realize.

Imagine a California family that pays $25,000 in California state income taxes and another $15,000 in property taxes each year. Their total state and local tax payments equal $40,000.
https://business-services-usa.com/blog/f/deduction-limit-increased-to-40000

06/09/2026

June 15 is almost here. If you are self-employed, own an LLC, work as an independent contractor, freelancer, consultant, driver, landlord, or receive income that does not have taxes withheld automatically, you may be required to make an Estimated Tax payment by June 15. Many taxpayers are surprised to learn that the IRS expects taxes to be paid throughout the year as income is earned, not just when a tax return is filed. Missing an estimated tax payment or paying too little can result in penalties and interest, even if you pay your entire tax balance when filing your return next year. If your income has increased, your business has grown, or you are unsure how much you should pay, now is the time to review your tax situation. A quick calculation today can help you avoid costly surprises later. Contact us if you need assistance calculating your June 15 Estimated Tax payment.

12/18/2025

Washington Workers’ Compensation Penalties Increase Effective July 1, 2026

The Washington State Legislature enacted a law in 2020 requiring periodic inflation adjustments to statutory penalties for violations of workers’ compensation laws. Prior to this legislation, most penalty amounts had not been updated since the 1980s.

Under the law, penalties with fixed dollar amounts must be adjusted for inflation every three years. The first adjustment took effect on July 1, 2023. The next adjustment is scheduled to become effective on July 1, 2026.

According to the Washington State Department of Labor & Industries (L&I), the anticipated inflation adjustment for 2026 is 12%. The adjustment is calculated using changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Seattle area over the three-year period from 2023 through 2025. Final adjusted penalty amounts will be published by L&I in June 2026.

https://business-services-usa.com/blog/f/washington-workers%E2%80%99-compensation-penalties-increase

12/08/2025

Legal Investment in a Non-Owned Company

In the United States, it is common for an individual or a related party to invest money into an LLC without becoming a member of that company. Many people assume that such financing must be formalized as a loan. This assumption is incorrect and often creates avoidable tax, legal, and financial risks. The law allows alternative structures that more accurately reflect the economic relationship between the parties.

Loans between private parties are strictly regulated by the Internal Revenue Code. Under IRC § 7872, interest-free or below-market loans are reclassified by the IRS as “below-market loans,” and the lender is treated as having received interest income even if no actual interest is paid. This rule applies to related parties, family members, and closely connected business associations. As a result, a “0% loan” is not permitted for tax purposes. The IRS imputes interest, taxes it, and may impose penalties if the loan was not properly documented.

A loan also creates a mandatory repayment obligation. If a company later becomes insolvent, the lender becomes its creditor. This can lead to disputes, lawsuits, and unintended consequences, especially when the lender is a relative or informal partner. In many situations, a loan does not reflect the true intent of the parties, which is to support the business rather than to engage in a credit transaction.

https://business-services-usa.com/blog/f/how-to-legally-invest-in-someone-else%E2%80%99s-company-and-receive-profi

12/08/2025

Legal Investment in a Non-Owned Company

Below is the corrected article.

In the United States, it is common for an individual or a related party to invest money into an LLC without becoming a member of that company. Many people assume that such financing must be formalized as a loan. This assumption is incorrect and often creates avoidable tax, legal, and financial risks. The law allows alternative structures that more accurately reflect the economic relationship between the parties.

Loans between private parties are strictly regulated by the Internal Revenue Code. Under IRC § 7872, interest-free or below-market loans are reclassified by the IRS as “below-market loans,” and the lender is treated as having received interest income even if no actual interest is paid. This rule applies to related parties, family members, and closely connected business associations. As a result, a “0% loan” is not permitted for tax purposes. The IRS imputes interest, taxes it, and may impose penalties if the loan was not properly documented.

A loan also creates a mandatory repayment obligation. If a company later becomes insolvent, the lender becomes its creditor. This can lead to disputes, lawsuits, and unintended consequences, especially when the lender is a relative or informal partner. In many situations, a loan does not reflect the true intent of the parties, which is to support the business rather than to engage in a credit transaction.

U.S. corporate law offers another mechanism. Under the Florida Revised Limited Liability Company Act (Chapter 605, Florida Statutes), not all financial contributions constitute “capital contributions.” Section 605.0401 defines a contribution as an obligation undertaken by a member to provide benefits to the LLC. Section 605.0402 describes the form of contributions but does not restrict third-party funding. The statute does not prohibit a non-member from providing funds to the LLC. When money is provided by a third party without the intention to grant membership or capital interest, and without the company undertaking an obligation to return those funds, the transaction can be documented as a contractual funding arrangement.

https://business-services-usa.com/blog/f/how-to-legally-invest-in-someone-else%E2%80%99s-company-and-receive-profi

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Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm