Dennis F. Rose & Associates

With tax season coming to a close it is important to remember that you can only make a ROTH or IRA contribution for 2017 on or before April 17th. If you have an unincorporated business you can set up a SEP retirement plan and fund it on or before the extended due date of the tax return, October 15th. Retirement and Tax planning go hand in hand and our office is very well familiar with the rules and regulations and can assist you with many viable options for your retirement planning. Call us at 818-501-7788 to schedule a consultation

Tax season is upon us and with the change in new laws for 2018 it is hard to keep straight what you can, and cannot, deduct - as well as deal with the new rates and changes to the tax code. Our firm is proactive and, as part of our preparation work for 2017 returns, we are illustrating to our clients what the impact will be for 2018. Does your CPA firm do that? If not, please contact our office at 818-501-7788

It is very important to make sure you have a LA City Business License, the form is renewable every year by February 28th. If your gross income is less than $100,000 and you file a return there is no tax. There is also a creative exemption for gross income under $300,000 if your business qualifies In any event, be sure you have a license in Los Angles or whatever local city you operate in. Not filing causes penalties and additional tax. Call us at 818-501-7788 for more information, and further tax guidance.

Our firm is always looking for business clients, especially medical practices, law firms, small manufacturers or service businesses. These types of clients generally have the need for a CPA not only to prepare tax returns, but for consulting with the owners, and for tax planning for the entity and its owners. Our firm is able to offer pro-active and specific business advice on all types of business related issues. Call us at 818-501-7788 to schedule a consultation.

Tax planning for the balance of the year is still unknown as the changes to the tax laws have not been finalized, so we have to proceed with the current rules, therefore, state income tax and property taxes can still be prepaid before December 31, as well as an extra mortgage payment and increasing your charitable contributions (cash or giving furniture, clothing and household goods to a charity). For more information feel free to contact us at 818-501-7788.

Now is the time to determine what, if any, retirement plan you should consider for your business or sole proprietorship in the 2017 or 2018 tax years. Some retirement plans are required to be established by certain deadlines. Please contact us at (818) 501-7788 to discuss your options.

One of our firm's many strengths is dealing with clients and their transaction planning, from purchases, sales, exchanges of real estate or acquiring or selling businesses as well as specific planning due to transactions from partnerships etc., we are uniquely qualified to assist your every need. Call us at 818-501-7788 to schedule a consultation

As we enter the last two weeks of the filing deadline for the 2016 tax returns, I work with my clients to plan out their liability for 2017 and suggest how it might be reduced. This year may be more complicated as no one is quite sure what, if any, tax changes will be implemented or will they be retroactive to January 1 2017 or delayed until 2018. A professional proactive CPA firm like mine can assist you with year end planning and provide you with several options. Call 818-501-7788 to schedule an appointment.

There are two weeks remaining to file your 2016 income tax return and to contribute to your self-employed pension plan, if you know of a friend or relative that needs to file their return, please give them our contact information. It is also a good time to begin planning for your 2017 tax liability - we pride ourselves on assisting clients with their options in reducing their current taxes. Call us at 818-501-7788 to get started!

This is a perfect time of year to begin the process of preparing tax planning for your 2017 business and personal return. A tax projection based on current year to date data can provide your CPA with invaluable information to assist you in potentially lowering or deferring your taxes. Decisions can be made now regarding a number of transactions that could affect your tax bill. Our firm prides itself on being pro-active and reducing your taxes. Please feel free to contact our office at 818-501-7788.

Tax returns for businesses are due in less than three weeks, our office is a full service accounting firm that can assist you with all types of accounting and tax needs including consulting, advising preparing compliance reports as well as preparation of financial statements. Call us at 818-501-7788 to schedule an appointment today!

On September 15th all partnerships, S corps and C corps tax returns for 2016 will be due to be filed with the taxing authorities. We are looking for new clients and if anyone of these entities has not yet filed their returns or need assistance with bookkeeping, accounting and tax preparation we are always available to help. Additionally, now is the time for these entities to be looking at their tax liabilities for the current year, we are also available to help with this yea...rs planning. Call us at (818) 501-7788 for assistance with your tax returns, and tax planning for the coming year.

Dog Days of Summer? Who wants to think about Tax Planning? We do! We are here to help you navigate through the options that you might have regarding your 2017 tax planning. We are a full service accounting firm ready and able to assist you with almost any business decision regarding finances and tax planning as well as business consulting. Call us at 818-501-7788 to schedule a consultation.