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Lori E Wattelet, CPA

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United States
Roseville, CA
Lori E Wattelet, CPA

We are a full-service Tax and Accounting Services firm licensed in CA. We are affordable, experienced, and friendly. Lori E.

We offer a broad range of services for business owners, executives, and independent professionals. Wattelet (LEW) brings over 15 years of experience to the table. LEW graduated with honors from California State University, Sacramento in 2009. She spent 13 years at a local accounting firm, gaining extensive knowledge in both tax and audit departments, and mastering GAAP and the Tax Code. In additio

n, LEW is a Certified Quickbooks Pro-Advisor. In addition to her public accounting experience, LEW served as a Controller for a law firm in the private sector. Her passion for client interaction led her back to public accounting, where she thrives on helping clients with their accounting needs and becoming a trusted business partner.

07/22/2026

Business owners and self-employed individuals who use their vehicle for business may be able to deduct auto-related expenses. But if a vehicle (including a car, van, pickup or panel truck) is used both for business and personal purposes, the expenses must be split based on mileage. These rules apply to both owned and leased vehicles. There are two methods for calculating auto expenses: actual expenses and the standard mileage rate. Both require careful recordkeeping, though using the mileage rate is generally easier. Contact us at (916) 297-6880 to determine which method makes sense for your situation.

07/21/2026

Increasing revenue isn’t the only way to improve your business’s financial performance. Another option is to strengthen your profit margins by analyzing key operating expenses, such as employee compensation and benefits, vendor contracts and leases, marketing return on investment, and borrowing costs. Compare your costs with industry benchmarks and look for overlapping services and avoidable spending. Selectively eliminate costs that don’t add value while continuing to invest in the people and resources your business needs to grow. Call us at (916) 297-6880 for help performing a comprehensive expense review and identifying strategies to improve your profitability and cash flow.

07/20/2026

Monthly financial statements are essential. But they often take weeks to prepare and may arrive after you’ve already made critical business decisions. Flash reports can help bridge that gap by providing real-time snapshots of critical metrics — such as cash balances, collections and payroll. These reports provide timely insight into financial performance, allowing you to identify emerging issues before they become major problems. Because flash reports are preliminary, you should use them as management tools, not formal financial statements. Call us at (916) 297-6880 to discuss how customized flash reports can help your business make faster, more informed financial decisions.

07/16/2026

The IRS has expanded its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exempt organizations; federal, state and local governments; and Indian tribal governments. The BTA is a centralized platform that allows eligible users to manage their federal tax responsibilities online. Among other things, BTA users can view tax balances, make payments and see payment history, access eligible payroll and income transcripts, if eligible, and download select digital notices. The newly eligible entities join sole proprietors, S corporations and C corporations that are already able to access the platform. Call us at (916) 297-6880 to discuss your business’s tax obligations.

07/15/2026

One of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax annual exclusion. For 2026, you can transfer up to $19,000 per recipient gift-tax-free. And you can double the exclusion to $38,000 per recipient if you split the gifts with your spouse. But it’s critical to understand the rules of gift-splitting to avoid unintended tax consequences. To elect to split gifts, the spouse making the gift must file a gift tax return, and the other spouse must consent by checking a box on the return and signing it. Contact us at (916) 297-6880 for additional details.

07/14/2026

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational fraud. However, organizations with strong antifraud controls — including external financial statement audits and surprise audits — generally experience lower fraud losses and detect fraud more quickly than organizations without those safeguards. Audits don’t provide a guarantee against fraud, but they can help reveal anomalies and errors and identify weaknesses in your business’s controls. If you have questions about your business’s fraud risks or you’d like to discuss our audit and forensic accounting services, call us at (916) 297-6880. We can help strengthen your fraud defenses.

07/13/2026

Roth IRA and Roth 401(k) accounts help you save for retirement with after-tax dollars. Both accounts grow tax-free, and distributions are also tax-free if you meet certain conditions. However, higher earners may be ineligible to contribute to a Roth IRA. Income limits don’t apply to Roth 401(k)s, which also allow higher annual contributions. If you’re unsure where to put your retirement savings, contact us at (916) 297-6880 for more information on the tax considerations.

07/09/2026

In general, companies can deduct rent as a business expense on their federal tax return. However, several rules limit this tax break. For example, payments made under a conditional sales contract aren’t deductible as rent. And you can’t deduct “unreasonable” rent. This means it’s higher than market value, such as inflated rent paid to a “related person.” If you pay in advance, you can only deduct rent that applies to your use of the property during the tax year. (You’ll be able to deduct the rest in the year to which the payment applies.) On the other hand, you can usually deduct expenses you’ve paid to cancel a business lease. For help identifying deductible expenses, contact us at (916) 297-6880.

07/08/2026

If your trust is subject to high state income tax, you may be able to change its residence (or “situs”) to a state with low or no income taxes. Relocating a trust may offer a tax advantage if the trust is an irrevocable nongrantor trust, accumulates (rather than distributes) substantial amounts of ordinary income or capital gains, and can be moved to a state with low or no taxes on accumulated trust income. Call us at (916) 297-6880 for more information.

07/07/2026

Expense reporting plays an essential role in operating a profitable business. Consider the following six best practices to get a better handle on the expense management process: 1) Establish formal expense reporting policies. 2) Set deadlines for submitting expense reports. 3) Encourage or require the use of credit or debit cards. 4) Require paper or digital documentation and substantiation for reimbursements. 5) Leverage technology to streamline reporting and integrate with accounting software. 6) Review your processes to help ensure compliance and detect potential fraud. Contact us at (916) 297-6880 for help optimizing your organization’s expense reporting.

Address

2999 Douglas Boulevard, Suite 180
Roseville, CA
95661

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 12pm

Website

https://www.lewcpa.com/

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