Some Important Capital Gains Considerations

Capital gains taxes often amount to a sizable part of an individual’s tax burden. With this being the case, it is important for taxpayers to be familiar with the various tax planning strategies that are available for reducing the impact of capital gains taxes on the overall tax obligation. Although these strategies are important all year long, they are especially important during the fourth quarter when there is still time to make certain tax saving moves that will reduce tax dollars owed for the current year. Such moves include the pairing and timing strategies discussed below in addition to certain more sophisticated moves most often used by high income individuals or those who have experienced a significant taxable event.

Pairing Strategies

Capital gains can be used to offset ordinary income and/or capitals losses according to certain IRS guidelines described below.

·        Up to $3000 in capital losses can be used to offset ordinary income with the ability to carry forward into future tax years any capital losses that are not used to offset capital gains.

·        Since long term capital gains tax brackets range from 0% to 20% (to be indexed for inflation after 2018) while ordinary income tax brackets range from 0% to a high of 39.6%, the greatest tax advantage is obtained by pairing capital losses with ordinary income up to the $3000 limit.

·        Capital losses in excess of $3000 are used to offset capital gains, with short term losses used to cancel short term capital gains and long term capital losses used to offset long term gains. Once this is accomplished any leftover gains or losses are simply paired against each other.

·        Since short term capital gains are taxed as ordinary income rather than at the lower capital gains tax rates, assets that have realized a gain should be held a minimum of twelve months whenever possible.

Timing Strategies

Because capital gains tax rates are based on income, timing can be an important consideration in realizing capital gains and losses, especially when an expected increase or decrease in income is on the horizon.

·        A taxpayer who expects to realize a net capital loss for the year would probably want or realize that loss in the current tax year if a decrease in income is projected for the upcoming year. If an increase in income is projected, the loss might be better realized in the current year. These considerations are typically less critical for long term capital gains where the income limits for the various tax brackets are much broader than those for ordinary income.

·        In the same way, taxpayers who are expecting to realize a net capital gain would want to realize the gain in the current tax year when an increase in income is projected and in the next year if a decrease in income is projected. Again, for long term capital gains, these considerations are only important when the gain would push the taxpayer into the next higher capital gains tax bracket. 

·        A final timing consideration comes into to pay with respect to the Net Investment Income Tax that is still in effect. This surtax of 3.8% applies to the lesser of net investment income for the year or the amount by which the taxpayer’s adjusted gross income exceeds the threshold of $200,000 ($250,000 for a married couple). Timing decisions related to the realizing of capital gains should attempt to avoid this extra tax whenever possible.

The Certified Public Accountants and Enrolled Agents Los Angeles Bookkeeping are familiar with all of various tax planning strategies available for reducing capital gains taxes and are prepared to help each client apply them to achieve the maximum tax advantage possible for their specific situation. Don’t delay! Contact the tax professionals at Los Angeles Bookkeeping today discuss possible year-end tax planning strategies. Schedule a free, no obligation consultation by emailing us at james@labookkeeping.com or calling us at (714) 509-5683.

Wesley Snipes Fails to Resolve Tax Debt

Wesley Snipes has been in negotiations with the IRS since 2006 when he was first charged with failing to file tax returns and attempting to claim fraudulent tax refunds. According to the IRS agent assigned to his case, Snipes failed to file tax returns for tax years 1999 through 1994 during which time he earned almost $40 million. He was also charged with tax fraud for trying to claim tax refunds totaling $12 million for tax returns returns filed in 1996 and 1997. When he went to trial, he was acquitted of felony tax fraud charges but received the maximum sentence of three years for failure to file tax returns for the six years in question. 

Although Snipes appealed his case while he was in prison, the appeal was denied. As a result, he still owed the IRS millions of dollars in back taxes when he was released in 2013. Claiming that he did not have the funds to cover the full amount of the tax debt, he submitted an Offer in Compromise petition for $842,061, less than 4% of his back tax balance of $23.5 million! When the offer was rejected it, his case went back and forth between the Unites States Tax Court and the IRS Appeals Office until earlier this month when U.S. Tax Court Judge Kathleen Kerrigan ruled to uphold the original IRS decision. Her pronouncement was based on the fact that Snipes had failed to provide adequate documentation of his financial condition and that his offer did not accurately represent his “reasonable collection potential.”

In order to resolve the matter once and for all, the IRS eventually offered to settle the debt for $9,581,027 even though they determined that his reasonable collection potential was almost double that amount. However, when Snipes refused to accept the terms of the proposed tax settlement agreement, the IRS rejected his offer altogether. Judge Kerrigan pointed out that the IRS representative had spent a considerable amount of effort evaluating the case and had found no evidence that Snipes would suffer an economic hardship by paying the amount of the settlement offer. Only time will tell how this case of Wesley Snipes will be resolved. The IRS will certainly continue to hold the tax liens that are already in place and may eventually try to seize one or more of his properties by imposing a tax levy.

If you have an outstanding tax liability, the tax professionals at Los Angeles Bookkeeping can help you resolve it. Conveniently located in Beverly Hills, California, Los Angeles Bookkeeping is a group of Certified Public Accountants and licensed Enrolled Agents who have helped many satisfied clients resolve back tax balances. So don’t wait! Contact the tax professionals at Los Angeles Bookkeeping today to settle your tax debt before the IRS initiates collection activities. Schedule a free, no obligation consultation by emailing us at james@labookkeeping.com or calling (714) 509-5683.

Business Expenses and the New Tax Law

The Tax Cuts and Jobs Act of 2017 includes some important changes related to deducting business expenses. Although the provisions of the new law are similar to those of the prior one with reference to allowing businesses and business owners to deduct certain expenses related to doing business, there are a few items that are specifically excluded by the new legislation. In addition, the current tax law completely eliminates the individual tax deduction for unreimbursed employee expenses, a major loss for many taxpayers who itemize their deductions on Schedule A.

One item in the Tax Cuts and Jobs Act that has been surrounded by confusion is the ability of businesses and business owners to claim a tax deduction for entertainment and recreation expenses. While the prior law allowed 50% of these expenses to be deducted if these were directly related to doing business, the wording of the new law is generally interpreted as restricting this tax break. Most tax professionals agree that the 50% allowable tax deduction for business-related meals is still in place although there is some confusion as to how it should be claimed when it is associated with some type of entertainment. Some maintain that the meal expense cannot be claimed if it is associated with entertainment while others interpret the legislation as allowing the meal portion of the expense to be deducted as long as it can be clearly separated from any associated entertainment expenses.

In addition to disallowing a business tax deduction for entertainment and recreation charges, the new tax law makes several other changes which fall under the general heading of business expenses. One of these is the elimination of the individual income tax deduction for unreimbursed job-related expenses, a deduction that was allowed under the prior tax law. According to the new legislation, individual taxpayers can no longer claim out-of-pocket expenses for such things a transportation, meals and lodging, items that could previously have been claimed on the taxpayer’s Schedule A. Another change to allowable business expense deductions relates to de minimis benefits such as coffee, snacks or office lunches that employers might provide for their employees. The deduction for these expenses, which were 100% deductible under the prior tax law, has now been reduced to 50%.

Further clarification on some of these business expense items is likely to be provided as time goes on, making it is more important than ever for both businesses and individuals to keep very good records so that they are prepared to take whatever deductions are allowed once the 2019 tax season gets underway. Meanwhile, the Certified Public Accountants and Enrolled Agents at Los Angles Bookkeeping are keeping abreast of any and all guideance released by the IRS as it relates to business expenses and as well as all other tax deductions. In doing so, they stand ready to help both business and individual clients achieve the maximum tax advantage possible on their 2018 returns! 

Conveniently located in Beverly Hills, California, Los Angeles Bookkeeping employs Certified Public Accountants, licensed Enrolled Agents and professional bookkeepers. This group of certified professionals has the knowledge and expertise necessary to help business clients take full advantage of the business tax deductions allowed under the provisions of the Tax Cuts and Jobs Act. So don’t wait!! Contact the tax experts at Los Angeles Bookkeeping today to schedule a free, no obligation consultation. Take the first step toward saving valuable tax dollars by contacting us at (714) 509-5683 or james@labookkeeping.com.

Saving Tax Dollars Through Charitable Giving

The tax benefits of the charitable giving have become harder to obtain since the passage of the Tax Cuts and Jobs Act at the end of 2017. Although the tax code still allows a tax deduction for both cash and noncash contributions to qualified charities, the tax incentives associated with these gifts have changed. Because the new tax reform plan essentially doubles the amount of the standard deduction, the sum of all charitable donations must now exceed a much greater amount in order for a taxpayer to realize a tax advantage by claiming them. This being the case, some innovative charitable giving strategies may be considered. Some of the ways of receiving a tax benefit from charitable giving under the provisions of the new tax reform plan are discussed below.

·        Bundle Charitable Gifts into a Single Year

The Tax Cuts and Jobs Act of 2107 increased the amount of the standard deduction from $6350 to $12,000 for single filers and from $12,700 to $24,000 for married couples. With these significant increases, fewer taxpayers will receive a tax benefit from charitable giving because the total amount of all charitable contributions must now be almost double what it was in 2107 in order to achieve a greater tax advantage than that provided by claiming the standard deduction. One way to get around this dilemma is to bundle into a single year charitable gifts that would previously have been spread over several years. This method allows the contributing taxpayer to realize the desired societal benefits of charitable giving while still saving tax dollars by exceeding the amount of the standard deduction for the year in which the contributions are made.

 

·        Make a Charitable Gift of Appreciated Property

A less traditional method of making a charitable contribution is to make a charitable gift of appreciated property. While this is a tax planning strategy used most often by high income earners and individuals who are trying to offset capital gains taxes, it can provide tax benefits for anyone who uses it. When appreciated property is donated, the donating taxpayer receives a charitable deduction for the full fair market value of the property while avoiding paying capital gains taxes on the appreciated value of the asset. Although stock is the most widely utilized appreciated property donation, other types of property can also be donated.

 

·        Establish a Charitable Remainder Trust

Another available charitable giving option is the Charitable Remainder Trust. Often used by high income taxpayers, such trusts allow an individual to make a contribution to the trust and receive a tax deduction for the amount of the donation in the year it is made. The contributing taxpayer or their beneficiaries then receives an income from the trust for life or for a specified period of time, at the end of which the remainder of the initial donation is given to the chosen charitable beneficiary. This vehicle is valuable tax planning tool in that it allows a taxpayer to receive a large charitable contribution deduction by making a future charitable contribution. Although charitable bequests are common at the time of death, the Charitable Remainder Trust has the advantage of allowing the contribution to be made at a time in a taxpayer’s life when it may offer greater tax benefits as well as providing future income. With the doubling of the standard deduction making the benefits of traditional charitable giving harder to obtain, it is simply another option to consider.

Conveniently located in Beverly Hills, California, Los Angeles Bookkeeping employs Certified Public Accountants and licensed Enrolled Agents who are prepared to help you modify your previous charitable giving strategies in order to obtain the maximum possible tax advantage under the provisions of the new tax reform plan. Don’t hesitate! Contact the experienced tax professionals at Los Angeles Bookkeeping today! Call us at (714) 509-5683 or email us at james@labookkeeping.com to develop a charitable giving plan designed to save you valuable tax dollars.

Tax Extension Deadlines on the Horizon

With tax extension deadlines fast approaching, both individuals and businesses who have applied for a six month-extension should be aware of the importance of meeting the tax extension due dates set by the IRS. A point fact is that failure to do so could initiate the assessment of a failure-to-file penalty on top of any penalty and interest charges that may already be in place. Since the original filing deadline for Corporations, S-Corporations, Sole-Proprietorships, Partnerships and LLCs is usually March 15th, those entities who file for a six-month extension must normally meet an extension deadline of September 15th. However, since Septembers 15, 2018 falls on a Saturday, this year’s business extension deadline has been moved to Monday, September 17th. The six-month tax extension deadline for extended individual returns remains at its normal date of October 15th.  

In addition to meeting the deadlines, it is important to realize that the IRS expects taxpayers to pay any income taxes owed either on or before the original designated filing deadlines of March 15th (business tax returns) or April 15th (individual tax returns) unless that deadline falls on a weekend as the individual deadline did in 2018. If this was not done and there is a tax balance due, interest and failure-to-pay penalties will very likely be assessed at the time the extended return is filed. While a business or individual usually requests tax extension because they are missing some necessary tax information, it should be possible to come up a rough estimate of any tax amount owed. For businesses, a fairly accurate estimate of this amount can normally be obtained by multiplying the taxable income of the business by the current business tax rate and then subtracting the amounts of any estimated tax payments made during the tax year in question. Although this method does not take into account available tax credits, tax deductions or business expenses, it should provide a good enough rough estimate to avoid major penalty and interest charges. Individual taxpayers can get a similar estimate of taxes owed by multiplying taxable income by the current tax rate and subtracting any taxes paid.

While interest and failure-to-pay penalties will be assessed on any past due tax, failure-to-file penalties can be avoided by applying for a tax extension and then filing a completed tax return on or before the extension deadline. Interest on a back tax balance is compounded daily at a rate equal to the federal short-term interest rate plus 3% while failure-to-pay penalties are assessed at a rate of 0.5% of any tax amount owed for each month or partial month that the outstanding balance remains unpaid. However, taxpayers who file for a six-month tax extension and pay at least 90% of the tax amount due at the time the extension is filed are exempt from failure-to-pay penalties. On the other hand, those who file for an extension and fail to meet the extension deadline are normally assessed a failure-to-file penalty on top of the charges already mentioned. The accrual and compounding of these charges can significantly increase any tax burden, thus highlighting the importance of remaining tax compliant.

If you are facing a tax extension deadline, the tax professionals at Los Angeles Bookkeeping stand ready to help you meet your impending tax obligations. Conveniently located in Beverly Hills, California, Los Angeles Bookkeeping employs Certified Public Accountants and licensed Enrolled Agents who have the knowledge and experience necessary to help every client attain the maximum tax advantage possible. Don’t delay! Contact the tax professionals at Los Angeles Bookkeeping today to get your tax return preparations underway. Schedule a free, no obligation consultation by emailing us at james@labookkeeping.com or calling us at (310) 765-1596.

Maneuvering the 2018 Income Tax Landscape

Most of the provisions of Tax Cuts and Jobs Act that was voted into effect at the end of 2017 went into effect at the beginning of this year. As a result, the 2018 tax landscape is significantly different from that of the previous year. With this in mind, taxpayers who want to avoid a surprise when they file their 2018 Tax Returns would be wise to take a close look at how previous tax planning strategies will be affected by the sweeping changes to the tax code included in this new legislation.

The following are some of the important ways the Tax Cuts and Jobs Act could affect your 2018 Tax Return:

  • Tax Brackets

The new tax plan has seven income tax brackets, just as the old plan did. However, the income limits that define these brackets have changed. This being the case, it is important that taxpayers become familiar with the changes in order to maximize any tax advantage that might be connected to such tax planning strategies as postponing or accelerating income or realizing capital gains and capital losses.

  • Standard Deduction

One of the most important tax planning considerations contained in the new tax reform bill is the significant increase in the standard deduction. The bill raises the standard deduction for single taxpayers from $6,500 to $12,000 and includes similar percentage increases for heads of household and joint filers. With such large increases, many taxpayers who have previously itemized deductions may find that they will realize a greater tax advantage by taking the standard deduction.

  • Charitable Contributions

Although the new tax reform plan still allows a tax deduction for charitable giving, the potential tax advantage that it offers has changed. In light of the higher standard deductions outlined above, the sum total of all itemized deductions must exceed a much higher threshold in order to provide a greater tax savings than one that would be obtained by taking the standard deduction. With this in mind, taxpayers may want to consider bundling charitable contributions into a single year or using a donor advised fund where a single charitable contribution made in any given year is parceled out to various charities over succeeding years.

  • Medical Expenses

Prior to the passage of the Tax Cuts and Jobs Act, taxpayers were able to take a tax deduction for medical expenses as long as the sum total of those expenses was more than 10% of adjusted gross income for the tax year in question. The new tax reform law lowers this floor to 7.5% of adjusted gross income for tax years 2017 and 2018, at which time it will return to its previous 10%. For some taxpayers, the lowered ceiling on the medical expense deduction could be an important tax planning consideration when determining whether to itemize deductions or take the new, higher standard deduction.

  • 529 Plans

The Tax Cuts and Jobs Act has made several significant changes to the tax advantages provided by 529 Plan contributions. In addition to raising the annual contribution limit eligible for the gift tax exclusion from $14,000 to $15,000, the new tax reform plan allows taxpayers to use 529 Plan funds to cover tuition expenses for grades K–12 with a limit of $10,000 per year, per beneficiary.

Because changes to the tax code such as those described above will have an impact on taxes owed in 2018, taxpayers would be wise to become familiar with these changes in order to prevent a possible surprise at tax time. The tax professionals at Los Angeles Bookkeeping stand ready to help you navigate this new tax landscape. With over 50 combined years of experience, the staff members of LA Bookkeeping are well prepared to help clients achieve the maximum tax advantage possible.   

LA Bookkeeping is a full service bookkeeping and accounting firm conveniently located in Beverly Hills, California. Our firm employs Certified Public Accountants, licensed Enrolled Agents and certified bookkeepers who have the knowledge and experience necessary to provide each client they serve clients with the full range of tax, accounting and bookkeeping services. Don’t wait! Get your tax plan in order today! Contact us by phone at 310-765-1596 or email us to schedule a free, no obligation consultation with one of our Los Angeles Bookkeeping professionals.

How to Work your Bookkeeping and Accounting Firm

As accounting and tax professionals we often forget that the process of both hiring and working with bookkeeping and accounting firms can be a confusing and difficult tasks for many of our clients.  This confusion is driven primarily by the fact that both the needs and details of each business are different.  In addition, just like businesses, each bookkeeping and accounting firm has it's own differences in services, processes and capabilities.  In all decisions regarding the hiring and use of tax and accounting professionals the selection of a professional firm that matches the needs of the customer is the first step in ensuring that the client receives the services it wants and needs.

There are a variety of providers in the bookkeeping industry.  To be a "bookkeeper " there is no requirement of any certification by any state or regulatory agency. This " low barrier to entry" means that in looking for a bookkeeper many of the providers cannot be vetted through the review of licenses and possible complaints. This does not mean that a independent, unlicensed bookkeeper is no good.  It just means that you need to do another type of research. In the absence of a state agency license the best way to vet the potential capabilities of a bookkeeper is word of mouth, referrals or possibly certifications from software providers like Quickbooks, HR block and other software providers.

At Los Angeles Bookkeeping our primary goal is to provide a increased level of capabilities and service than the typical independent bookkeeper. The first step in providing meaningful accounting services to any of our clients is the understanding the the clients business. The primary points of understanding include, the client industry, internal capabilities of the client, and how management intends to use the information.

At Los Angeles Bookkeeping, our fully licensed CPA, Enrolled Agents and tax professionals have decades of experience working with thousands of businesses in a variety of industries.  This experience allows us to bring the wide range of expertise to all of our clients.  It also allows us to identify the needs of the client and how to provide the services needed with cost as a primary consideration.

Understanding the internal capabilities of our clients is another important factor in determining the the type and nature of service to provide to our clients. In determining the details of services to provide to our clients cost is generally a consideration. In many cases our clients have internal staff and capabilities and are looking to our firm to provide a additional level of capability. In many cases we advise our clients to continue to internally staff to provide day to day services and use LA Bookkeeping services to provide higher level tasks and reporting.

In the area of finances and accounting there will always be some services and tasks that all businesses need.  All businesses need to file income tax, report to federal, state and local agencies, comply with payroll reporting requirements, etc. However, all industries are different, all owners and managers are different.  LA bookkeeping can provide a customized service plan that ensures compliance with all regulatory requirements and provides the information needed for your business to be successful. Contact us by phone at 310-765-1596 or by email at james@labookkeeping.com

 

 

 

IRS Proposes Regulations for Small Business Tax Deduction

The Tax Cuts and Jobs Act that went into effect at the beginning of this year provides a major tax break for small businesses. As specified in the legislation, owners of pass-through business entities such as sole proprietorships, partnerships, S-corporations and limited liability companies are allowed to take a tax deduction equal to 20% of their taxable income or the qualified income of the business, whichever amount is lower. Since a pass-through entity does not file a separate business tax return, this tax deduction is claimed on the personal income tax return of the business owner.

While the original tax legislation placed income limits and certain other restrictions on the use of the Section 199A Deduction (described above), a number of questions regarding its use have been raised since that time. In response to these ambiguities, the IRS recently released a 184 page document proposing specific regulations designed to govern its use. Some of these regulations are highlighted below:

  1. The Section 199A Deduction went into effect on January 1, 2018 and will expire on December 31, 2025.  

  2. The deduction is available to all owners of pass-through entities whose taxable income is less than $315,000 for a joint return or $157,500 for an individual return.

  3. Above the income thresholds identified above, specified service trades or businesses such as attorneys, healthcare professionals and brokerage services are subject to certain phase-in provisions.

  4. The phase-in range described above extends to $415,000 for joint filers and $207,500 for single filers. Above this range, the owner of a specified service trade or business must pay income taxes based on their individual income tax rate.

  5. There is no Section 199A income cut-off for businesses that are not classified as a specified service trade or business. However, these businesses may be limited by the total amount of W-2 wages paid by the business.

  6. The amount of the Section 199A Deduction is equal to 20% of taxable income minus capital gains or 20% of qualified business income plus qualified investment trust dividends and publically traded partnership income, whichever is less.

  7. If a taxpayer owns more than one business, the qualified business income is the total of the qualified business incomes of the multiple businesses.

  8. A negative qualified business income can be carried forward to the next tax year.

Although the basic 20% Section 199A Deduction has been firmly in place since the Tax Cuts and Jobs Act took effect on January 1, 2018, the regulations governing its use are a work in progress. The 184 page document recently published by the IRS will be in review for 45 days from the time of its publication, at which time specific adjustments will be considered. Meanwhile, the tax professionals at LA Bookkeeping are keeping abreast of current status of this important piece of tax legislation and stand ready to help your small business use it to achieve the greatest tax advantage possible.

Los Angeles bookkeeping, conveniently located in Beverly Hills, California, employs Certified Public Accountants, licensed Enrolled Agents and certified bookkeepers who have the knowledge and experience necessary to provide each client they serve clients with the full range of tax, accounting and bookkeeping services. Don’t delay! Get your business tax plan on track today by contacting the professionals at LA Bookkeeping. Call us at 310-765-1596 or email us to schedule a free, no obligation consultation.

Supreme Court Gives States Power to Collect Online Sales Tax

Last month, the Supreme Court ruled that individual states have the right to require internet retailers to collect sales tax on online purchases even in cases where the company does not have a substantial physical presence in the state to which the taxes are being paid. This decision, passed down in the case of South Dakota v. Wayfair Inc., reversed the Quill decision of 1992 which ruled in the other direction. The reversal does not come as a surprise given the fact that the volume of internet sales has ballooned over the past two decades, making online sales tax a much larger issue than it was 26 years ago.

The state of South Dakota prompted the recent Supreme Court decision by passing a law requiring that all online retailers with more than 200 transactions in the state or an annual revenue of over $100,000 collect a 4.5% sales tax. They subsequently sued three large online retailers for failing to comply, at which point the matter was turned over to the courts. When the lower courts ruled in favor of the retailers, the matter was appealed to the Supreme Court, the result of which was the recent ruling giving states the power to collect online sales tax. Several other states have since followed South Dakota’s lead with more expected to follow.

According to Carl Davis, Director of Research at the Institute on Taxation and Economic Policy, the new tax law will improve the tax enforcement of state and local governments and “put local businesses on a more level playing field.” Judge Anthony Kennedy, who cast his vote in support of the recent Supreme Court decision, agrees with Davis. He notes that the states have lost in excess of $30 over the years due to their inability to collect sales tax from online retailers. In addition, Kennedy points out that the absence of an enforced online sales tax law has forced brick and mortar businesses to operate at a distinct competitive disadvantage with respect to internet retailers.

However, in spite of the positive responses to the recent Supreme Court decision discussed above, others are quick to point out possible negative effects. For example, some are of the opinion that the new sales tax ruling will hinder the start-up and growth of small online businesses. As Overstock.com board member Jonathan Johnson III points out, these companies have “been a driving force behind our nation’s economy for the last 15 years” so anything that slows their growth will automatically have a negative impact on the overall economy. In particular, there is the concern that small internet start-ups will have a compliance issue in trying to keep up with the varying tax requirements of over 12,000 local and state tax districts.

No matter which side you take, the current and future status of the internet sale tax is an important business tax concern. With annual internet sales for 2017 totaling more than a half trillion dollars, one thing is certain … the landscape of online selling is has changed dramatically since the original Supreme Court sales tax decision was handed down in 1992. Now that all is said and done, only time will tell how this new ruling will affect

things going forward.

Los Angeles Bookkeeping & Tax is a full service accounting and bookkeeping firm conveniently located in Beverly Hills, California. Our firm employs Certified Public Accountants, Enrolled Agents and licensed bookkeepers who have the knowledge and experience necessary to provide clients with the full range of tax, accounting and bookkeeping services. Don’t delay! Get your financial affairs on track today! Contact us by phone at (714) 509-5683 or by email at Rosie@labookkeeping.com to receive a free, no obligation consultation.