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Guide to California Capital Gains Tax: 2024 Update and Strategies
If you’re buying or selling real estate, stocks, or other investments, California’s capital gains tax is a big deal to consider. Using this guide, you
Tax Changes: IRS to Ramp up Audits for High-Income Taxpayers and Corporations
The Internal Revenue Service (IRS) has announced significant changes in its audit strategy in the upcoming 2025 and 2026 year, aiming to increase the audit
2024 Tax Code Changes: A Guide for Informed Financial Planning
Welcome to our expert analysis of the 2024 Tax Code changes by Bornazyan & Bornazyan LLP, a tax accounting company in Los Angeles, California. This
What Do I Need to Open a Business Checking Account?
There are many tasks and responsibilities that come with starting a business. An important step for business growth and financial management is opening a business
Looking for a Tax Preparation in Los Angeles?
Tax preparation can seem overwhelming at times. Tax preparation services at Bornazyan & Bornazyan LLP are smooth and comprehensive, alleviating many tax season burdens. A
Easy Guide to Making an Income Statement: Accounting Made Simple!
How do businesses track their earnings and expenses? Well, they use something called an income statement, also known as a Profit and Loss Statement. It’s
Winning the Lottery: Top 10 Things to Do From an Accounting Perspective
How would you react if you won the lottery? Or have you already? Managing such a substantial gain requires a well-planned strategy, but it may
Overcoming Small Business Accounting Challenges in California
There are a lot of hurdles to overcome when it comes to starting and maintaining a small business in California, among them is mastering the
Importance of Hiring a Good Accountant to Do Your Taxes
When managing your taxes, having an experienced accountant is invaluable. Whether you’re a small business owner or an individual, an accountant can guide you through
Important Tax Dates in California For Individuals and Businesses
When it comes to following up on your taxes every year, it can be challenging to keep up with the most up-to-date tax dates for
How to Find a Good Accounting Firm For Your Business in Los Angeles
Choosing a good accounting firm in Los Angeles for a business can be a hard task because of the large number of accounting firms in
Top 10 accounting tools for small business
Small and medium-sized businesses have inherent limitations of the workforce, budget and you need smart business accounting tools that facilitate you and make the job
Tax Returns for 2021: Avoid Delays
The IRS and taxpayers will face some unique challenges when filing and processing federal tax returns for tax year 2021. Here are some tips for
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