Insightful accounting and tax Blogs

Cost Savings Uncovered: A Detailed Analysis of Outsourcing vs. In-House Management Costs

Jun 103 min read

Cost Savings Uncovered: A Detailed Analysis of Outsourcing vs. In-House Management Costs

In today’s competitive business environment, law firms are continually seeking strategies to optimize their operations and reduce costs...

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Introducing Counsel CPAs: A New Chapter in Specialized Services for Law Firms

A+T

Jun 32 min read

Introducing Counsel CPAs: A New Chapter in Specialized Services for Law Firms

At Abedian + Totlian, our commitment to meeting the unique needs of our clients has always driven our innovation and growth. Today, we...

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Unlocking Growth: The Strategic Benefits of Outsourcing Your Back Office Management

A+T

May 293 min read

Unlocking Growth: The Strategic Benefits of Outsourcing Your Back Office Management

In the world of business, efficiency and strategic focus are the linchpins of success, particularly for law firms and legal professionals...

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Business Health Fundamentals: Simple Strategies for Business Success

A+T

May 74 min read

Business Health Fundamentals: Simple Strategies for Business Success

Resilience and growth are essential components for small businesses to thrive in competitive markets.

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Making Money Matters Simple: Your Guide to Better Business Finances

A+T

Apr 234 min read

Making Money Matters Simple: Your Guide to Better Business Finances

We get it; managing a business in the bustling California business scene, especially if you're a law firm, can be tough.

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Why You Should Outsource Your Accounting Function

A+T

Mar 293 min read

Why You Should Outsource Your Accounting Function

You've probably heard whispers around the courtroom or at networking events about the wave of outsourcing the accounting function that...

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Court Declares The Corporate Transparency Act (CTA) is Unconstitutional

A+T

Mar 112 min read

Court Declares The Corporate Transparency Act (CTA) is Unconstitutional

In a lawsuit filed by the National Small Business Association, The Corporate Transparency Act was dealt a blow when an Alabama court...

63 views0 comments

A+T

Jan 235 min read

Corporate Transparency Act - Reporting

The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the...

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IRS Presses Pause on Employee Retention Credit Claims

A+T

Sep 18, 20231 min read

IRS Presses Pause on Employee Retention Credit Claims

The IRS announced this week a temporary pause in processing new Employee Retention Credit claims through at least the end of 2023.

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Is your California law firm in compliance with the new Client Trust Account Protection Program?

A+T

Aug 10, 20231 min read

Is your California law firm in compliance with the new Client Trust Account Protection Program?

Is your California law firm in compliance with the new Client Trust Account Protection Program (CTAPP)? From The State Bar of California:...

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LAW FIRMS: ANNUAL LICENSE RENEWAL AND MINIMUM CONTINUING LEGAL EDUCATION

A+T

Feb 7, 20232 min read

LAW FIRMS: ANNUAL LICENSE RENEWAL AND MINIMUM CONTINUING LEGAL EDUCATION

License renewal for the 2023 State Bar of California began December 1, 2022 with the deadline to file on February 1, 2023. According to...

16 views0 comments

A+T

Feb 7, 20231 min read

LET’S TALK 1099S!

All businesses are required to issue Form 1099-MISC or Form 1099-NEC to relevant vendors, freelancers, and contractors, as well as file...

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A+T

Feb 7, 20232 min read

TAX LOOPHOLE: THE AUGUSTA RULE

Did you know that you can rent out your home for up to 14 days per year without needing to report the rental income on your individual...

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EMPLOYEE RETENTION CREDIT: UP TO $26,000 PER EMPLOYEE FROM THE IRS? YES, PLEASE.

A+T

Feb 7, 20232 min read

EMPLOYEE RETENTION CREDIT: UP TO $26,000 PER EMPLOYEE FROM THE IRS? YES, PLEASE.

The Employee Retention Credit (ERC) has been infusing small to mid-sized businesses with cash across the country since it was passed...

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FILING YOUR TAXES BY APRIL DEADLINE IS A GOOD IDEA

A+T

Feb 7, 20232 min read

FILING YOUR TAXES BY APRIL DEADLINE IS A GOOD IDEA

What do they say? Taxes are one of the only certainties in life? We file our taxes every year, but why do so many of us put it off until...

14 views0 comments

DEFERMENT PERIOD FOR DISASTER LOANS EXTENDED

A+T

Feb 7, 20232 min read

DEFERMENT PERIOD FOR DISASTER LOANS EXTENDED

With the upheaval of the last few years, millions of small businesses have taken advantage of Covid-related relief funds to stay afloat....

13 views0 comments

INFORMATION LETTERS FROM THE IRS ARE GOING OUT

A+T

Feb 7, 20233 min read

INFORMATION LETTERS FROM THE IRS ARE GOING OUT

The Internal Revenue Service has announced that it will be issuing information letters to Advance Child Tax Credit recipients. Letters...

21 views0 comments

EMPLOYERS REQUIRED TO PROVIDE 401(K) TO EMPLOYEES BY JUNE 2022

A+T

Feb 7, 20231 min read

EMPLOYERS REQUIRED TO PROVIDE 401(K) TO EMPLOYEES BY JUNE 2022

The state of California has initiated a mandate to assist private sector employees with saving for retirement through their job by...

17 views0 comments

EMPLOYEE RETENTION CREDIT AXED FOR FOURTH QUATER

A+T

Feb 7, 20231 min read

EMPLOYEE RETENTION CREDIT AXED FOR FOURTH QUATER

The Employee Retention Credit, which has been infusing businesses with cash that have been affected by the Covid-19 pandemic, is due to...

8 views0 comments

IRS PAYS $5,000 FOR WEBSITE ACCESSIBILITY

A+T

Feb 7, 20232 min read

IRS PAYS $5,000 FOR WEBSITE ACCESSIBILITY

The Americans with Disabilities Act of 1990 (ADA) is a civil rights law that prohibits discrimination based on disability. Most business...

7 views0 comments

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