Lindsay and Company LLP, Certified Public Accountants

May your holidays be happy, healthy and bright. All the best in the New Year!!

American citizens living abroad are taxed on their WORLDWIDE income, regardless of where they're living. While we assume that Ms. Markle will have the monarchy's lawyers and accountants all over it (though, we are certainly accepting new clients if she's interested), this article provides a good reminder on the taxation and reporting requirements of expats.

Business owners: Remember to file your 1099s! We are 6 days away from the January 31 deadline, and failure to file penalties are up to $260 per form this year.

The new tax reform law - the Tax Cuts and Jobs Act - will impact just about all of us. Wondering how it will affect your BUSINESS? We have put together a handy reference on some of the most significant changes for businesses. Click below. (For individual impacts, scroll down on our FB page for the link.)

"Congress asked the IRS to implement a massive new law. Now it could send more than half its workers home."

CA just launched a new website for business owners and entrepreneurs, to help them identify eligible tax credits and other incentives

Interesting thought... Under this proposal, California income taxes would be considered "charitable contributions" instead, in order to buck the new federal limits on the deduction of state and local taxes.

Excellent news for our local fire victims - the Thomas Fire has been declared as a major disaster by the President, which allows for more federal aid and better tax breaks.

Tax Reform Update: The Senate version of the bill passed the budget committee, and a full vote is expected this week, with McCain cast as the swing vote. Once passed the Senate and House will resolve their bill differences and it will go to Congress for a full vote. At this point, the bill is expected to pass by year-end, and (mostly) go into effect as of Jan. 1, 2018. For more info on the House and Senate bill versions, see our links below!

Curious as to whether the Senate-proposed tax reform will help or hurt you? The Tax Foundation has run some scenarios for you.