How often should you adjust and update your trust in California? Once an estate plan is generated and your trust(s) are established and funded, aren't you finished? The simple answer is no—life changes. Finances change. The behavior and needs of your heirs and beneficiaries change. The value of assets, investments,...
Managing an IRS Correspondence Audit
One of the new realities for U.S. taxpayers includes the responsibility for managing an IRS correspondence audit. What should you do if you are contacted regarding any form of IRS audit? Did you know the present majority of IRS audits are known as "correspondence audits?" What is a correspondence audit,...
The Traits Successful Small Business Owners Have In Common
What are the traits successful small business owners have in common? Can you predict the likelihood of success for any new company or venture? 3 Key Takeaways Regarding the Traits Successful Small Business Owners Have in Common: Starting any new small business requires more than a sound business idea or...
What is a Revocable Trust and Why Should You Have One
What is a revocable trust and why should you have one if you are a homeowner, a business owner, a licensed professional, have substantial investments, or are part of a blended family? A revocable trust is somewhat like a fortress that protects your intentions and interests while saving you and...
Legal and Tax Services for U.S. Owners of Offshore Companies
Are you searching for an integrated provider of legal and tax services for U.S. owners of offshore companies and corporate interests and investments? The ownership of an offshore company has become much more complex over the past several months. While international holdings open the door to global markets, tax benefits,...
An Experienced Tax Lawyer for a California Business Tax Audit
Why do you need an experienced tax lawyer for a California business tax audit? What are some of the genuine risks during an audit of your business or professional practice? 3 Key Ideas About Why You Need a Tax Lawyer for a California Business Tax Audit It is not in...
What Accounting Method Should a Business Use?
What accounting method should a business use? One of the first decisions many business owners will make is whether to handle accounting on a cash basis or an accrual basis. What is accrual accounting, and how is it generally different than cash accounting? Why is it better for businesses that...