The Corporate Transparency Act: What Business Owners Need to Know
The Corporate Transparency Act: What Business Owners Need to Know Many business owners are unaware of the implications of new laws until they are already in effect. One piece of legislation gaining traction and relevance is the Corporate Transparency Act (CTA). This law is designed to enhance transparency and accountability in corporate tax reporting. Whether […]
Tax Deductions: Getting the Most Out of Your Business Expenses
Tax Deductions: Getting the Most Out of Your Business Expenses Tax preparation is an essential but often complicated process and maximizing deductions can significantly reduce your tax liability. Being aware of all potential tax deductions can significantly optimize your tax strategy and can be impactful for your business. Here are some key deductions that business […]
Thinking About Creating a New Business? Here are Some Things to Consider
Thinking About Creating a New Business? Here are Some Things to Consider Starting a new business is an exciting venture filled with potential and possibilities. However, it also involves navigating a complex web of legal requirements and decisions that can significantly impact the future of your enterprise. Working with an attorney through what can sometimes […]
Limiting Real Estate Property Reassessment in California: A Balancing Act
Limiting Real Estate Property Reassessment in California: A Balancing Act In the dynamic landscape of California’s real estate market, property taxes represent a significant factor for both homeowners and local governments. At the heart of this system lies the concept of property reassessment, which determines the taxable value of a property. Over the years, there […]
Wealth Management Tax Strategies for High-Net-Worth Individuals
Wealth Management Tax Strategies for High-Net-Worth Individuals: A Legal Perspective In the realm of wealth management, high-net-worth individuals (HNWIs) face unique challenges and opportunities. High-net-worth individuals are often seeking to navigate the intricate landscape of tax strategies to preserve and grow their wealth. This blog will delve into effective tax strategies tailored for HNWIs, emphasizing […]
Navigating Tax Liabilities: A Guide for Business Owners
Navigating Tax Liabilities: A Guide for Business Owners As a business owner, you already know that running a successful enterprise involves more than just providing a great product or service. There is a whole world of financial considerations to navigate, and one of the most significant among them is taxes. Understanding your tax […]
Considering Starting a Business? Here Are 3 Things Every Business Owner Should Know About Tax Laws
Considering Starting a Business? Here Are 3 Things Every Business Owner Should Know About Tax Laws Understanding tax laws is crucial for business owners to ensure compliance and optimize their financial strategies. Here are three key things every business owner should know about tax laws: CLASSIFICATION & TAX STRUCTURE Business owners should […]
The Most Important Things to Consider When Gifting Real Estate to Your Children
The Most Important Things to Consider When Gifting Real Estate to Your Children Gifting real estate property to children is a significant financial and legal decision that requires careful consideration. Here are some important things people need to know when gifting real estate property to their children: TAX IMPLICATIONS Gifting real estate property […]
5 Reasons Why a Regular Meeting with Your Tax Attorney is Critical
Five Reasons Why a Regular Meeting with Your Tax Attorney is Critical Business owners juggle many responsibilities. Taxes are one of the most crucial areas, and also one of the most overlooked areas, for business owners. Failing to meet with a tax attorney each year can not only result in lost income, it can also […]
WHAT YOU NEED TO CONSIDER WHEN GIFTING REAL ESTATE
What You Need To Consider When Gifting Real Estate When gifting real estate to beneficiaries, owners should understand the potential for post-gift legal disputes, the property tax implications, and the income tax consequences of the change in ownership. If the property is gifted during the owner’s lifetime, the owner must consider the major legal issues […]
The Gift Clock is Ticking
The Gift Clock is Ticking: Tax Changes to Expect in 2026 Federal tax laws are changing on January 1, 2026. What does this mean? It means the amount that you can give away without gift or estate tax will be cut in half. With that in mind, here’s what you need to know… CHANGES IN […]
Mutual Water Company Taxation: What Your Company Needs To Do
Mutual Water Company Taxation: What Your Company Needs To Do For mutual water companies, taxation can be a confusing topic. As attorneys who have an experienced water law and public agency practice area, we have three must do’s regarding mutual water company taxation. APPLY FOR AND HAVE FEDERAL TAX-EXEMPT STATUS Under federal law, mutual water […]
Legal Entities and Real Property: Limiting Reassessment
Legal Entities and Real Property: Limiting Reassessment Legal practitioners have rightfully promoted the many advantages of holding real property in corporations, limited liability companies (LLCs), and other legal entities. By doing so a landowner can limit personal liability, exercise a degree of anonymity, and realize various tax efficiencies. However, when advising clients regarding the transfer […]
