Marijane Kantzabedian Named a Top 100 Accountant | LABJ
November 18, 2022 In the News
Marijane Kantzabedian Named a Top 100 Accountant | LABJ

Congratulations, Marijane Kantzabedian, on being honored by the Los Angeles Business Journal as one of the Top 100 Accountants!

IRS final regs affect eligibility for ACA’s premium tax credit
November 18, 2022 Knowledge Center
IRS final regs affect eligibility for ACA’s premium tax credit

The IRS recently finalized regulations that change the eligibility standards for the Affordable Care Act’s (ACA’s) premium tax credit. This is important news if your organization is an applicable large employer (ALE) under the ACA, or will be in 2023, and there’s any chance your health care coverage won’t be considered “affordable” and of “minimum […]

Michael H. Kane and Michael Kaplan Named 2022 Top Business Managers | Billboard
November 11, 2022 In the News
Michael H. Kane and Michael Kaplan Named 2022 Top Business Managers | Billboard

We are so proud that the exceptional dedication and commitment that Michael H. Kane and Michael Kaplan provide to their clients has earned them this honor from Billboard.

5 steps to take now to cut your 2022 tax liability
November 11, 2022 Knowledge Center
5 steps to take now to cut your 2022 tax liability

It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial factors, you may have some control over how your federal tax bill for the year turns out. Here are some strategies to consider executing before […]

Denise Balcazar Recognized as Woman of Influence: Accounting | LABJ
November 10, 2022 In the News
Denise Balcazar Recognized as Woman of Influence: Accounting | LABJ

Congratulations Denise Berganio Balcazar, CFE on being recognized — again — as one of the Los Angeles Business Journal Women of Influence: Accounting! Denise’s depth of experience, commitment to mentorship, and innovative mindset propels our firm forward every day.

Employees vs. independent contractors: DOL proposes rule revision
November 10, 2022 Knowledge Center
Employees vs. independent contractors: DOL proposes rule revision

On October 13, the U.S. Department of Labor (DOL) published a proposed rule to revise existing guidance on how to determine whether a worker is an employee or independent contractor under the Fair Labor Standards Act (FLSA). The DOL intends to rescind an earlier rule and replace it with an analysis for determining employee vs. […]

Michael Kaplan & Justine Ruffalo Named Among 2022 Business Managers Elite | Variety
November 9, 2022 In the News
Michael Kaplan & Justine Ruffalo Named Among 2022 Business Managers Elite | Variety

Michael Kaplan, CPA & Justine Grant Ruffalo – your exceptional commitment to your clients is world class and we couldn’t be more proud.

Supplementing your company’s health care plan with an EBHRA
November 1, 2022 Knowledge Center
Supplementing your company’s health care plan with an EBHRA

Is your business ready to take its health care benefits to the next level? One way to do so is to supplement group health coverage with an Excepted Benefit Health Reimbursement Arrangement (EBHRA). Here are some pertinent details. Rules to follow Under a traditional HRA, the employer owns and funds the tax-advantaged account up to […]

Tax and other financial consequences of tax-free bonds
November 1, 2022 Knowledge Center
Tax and other financial consequences of tax-free bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be tax consequences. Here’s how the rules work. Purchasing a bond  If you buy a tax-exempt bond for its face amount, […]

What do the 2023 cost-of-living adjustment numbers mean for you?
October 28, 2022 Knowledge Center
What do the 2023 cost-of-living adjustment numbers mean for you?

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these 2023 adjustments into account. Also, keep in mind that, under the Tax Cuts and Jobs Act […]

Plan now to make tax-smart year-end gifts to loved ones
October 27, 2022 Knowledge Center
Plan now to make tax-smart year-end gifts to loved ones

Are you feeling generous at year end? Taxpayers can transfer substantial amounts free of gift taxes to their children or other recipients each year through the proper use of the annual exclusion. The exclusion amount is adjusted for inflation annually, and for 2022, the amount is $16,000. The exclusion covers gifts that an individual makes […]

How valuators use visual aids
October 27, 2022 Knowledge Center
How valuators use visual aids

Business valuation professionals who serve as expert witnesses in court face two daunting tasks: First, they must capture the attention of a judge or jury. Then they need to make complex financial analyses understandable. That’s easier said than done after the trier of fact already has listened to hours of testimony in commercial litigation. Impactful […]