financial planning

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5 'Must Haves' Checklist for Tax Preparation

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Personal tax filing underway is from now to April 15th , extended to October 15th if you file proper paperwork. Today is a great time to check off what you have received from other people, banks and institutions. So, to help you maximize your tax savings this year and get proactive with your tax strategy, here’s our BayCPAPlus essential checklist to organize your records before going to your favorite CPA’s office.

Business owners take note - if you’re organized as a partnership or LLC or S-corp, the deadline for filing the business returns is March 16th. Calendar-year C corporation tax returns are due by April 15. Six-month extensions can be requested as in personal tax filing

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ID Theft: Are You Being Targeted?

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Identity theft attacks often focus on user profiles, SSNs and self-reported financial income. Once obtained, personal information can be used for purchases on credit cards, to drain bank accounts, file fraudulent tax returns, or allow thieves to get unauthorized medical treatment. Let us take you through What ID thieves are after, Why they're after it, and What you can do about it.

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How Healthy Is Your Business?

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How Healthy Is Your Business?

No matter what type of business you operate, you would like to make predictions about your business’ future, diagnose your business’ financial health, and get the tax breaks your enterprising efforts deserve.

Every successful business has a backbone of accurate and up-to-date accounting records, so we’re here to share how you can use your financial report to power up your business.

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Tax on Structure and Tax Season Prep Checklist

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Many small business owners are not taking legitimate business deductions available to them, such as retirement plans, business expenses that are tax deductions, or depreciation for the equipment or machinery.  Therefore it is important to become familiar with the tax code or hire a professional tax advisor, especially ones that are business owners themselves or have worked with small businesses, for expert guidance.

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The Importance of a CEO Succession Strategy

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50% of today’s companies which have a turnover of $500 million do not possess a suitable CEO succession plan. This may come as a bit of a shock as such strategies are highly essential to maintain a healthy growth of a company.

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Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One

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Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.

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The Flat Tax for C-Corporations

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With the new tax law (TCJA Act), there has been a permanent flat 21% tax rate on C-corporations from January 1st, 2018, naturally many tax payers may be interested in switching their entity to C-corporation to evade paying high tax.

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Something More Important Than Lower Real Estate Costs

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Would high state taxes be enough to make you move? Or do the quality of your life and breadth of opportunity mean more than mere taxes?

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Quit Your Whining

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This year’s 4/15 deadline has been extended to 7/15, but the general feeling of dread is still the same. By all rights, “Tax Day” ought to be one of our favorite holidays, like “Christmas in April” without the carols, the hype, or the eggnog.

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Game Plan for the 70-Somethings and Beyond

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While it’s likely you no longer want to be spending time managing money as it’s time to “leave for vacation”, there are a few things to keep in mind in your seventies and beyond.

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Game Plan for the 60-Somethings

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By the time you enter your sixties, your investment strategy at this point should be about protecting what you have, so that the lifestyle you’ve secured over your career can be maintained in retirement.

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Game Plan for the 30-Somethings

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For many people, their thirties is the decade of settling down — possibly buying a house and starting a family. Here’s a checklist to make sure you stay on track financially:

 
 
 

Contact

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1172 San Pablo Ave. #102, Albany, CA 94706

Phone: 866-860-3880

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