Tax strategy is my love language because it protects income—income that can then be put to work. That’s why I believe in tax strategy for generational wealth, because the right plan turns income into lasting assets. When I came to the United States and started working as a CPA in Orange County, California, wealth was […]
When it comes to OBBBA 2025 tax planning, it’s anything but “business as usual.” The bill locked in permanent tax rates while tightening rules on deductions, credits, and timing. Translation: waiting until December to figure out your taxes will cost you money. OBBBA 2025 Tax Planning: What Changed for Business Owners Key Deadlines That Shape […]
When you hear “1031 Exchange,” you probably think:“Sell property → Buy new property → Avoid the tax hit.” Before you jump, here’s how the 1031 exchange rules actually work—and what to watch for. Sounds great, right? Especially if someone’s dangling a hefty W2 reduction in front of you. But here’s the truth:It’s not magic. It’s […]
OBBBA convert personal vehicle to business — here’s how to use 100% bonus depreciation to create a legitimate 2025 deduction from a car you already own. How the OBBBA Convert Personal Vehicle to Business Rule Works When you begin using a personal vehicle in your business, the tax code treats that date as when the […]
OBBBA mortgage interest deduction rules have changed the landscape for homeowners who itemize. The One Big Beautiful Bill Act (OBBBA) permanently locks in the TCJA rule limiting itemized deductions for home mortgage interest to the first $750,000 of total home acquisition debt ($375,000 if married filing separately). Home acquisition debt means mortgages used to buy […]
Sketchy tax advice on social media is everywhere—and the IRS is paying attention.More business owners than ever are turning to TikTok, YouTube Shorts, and Instagram for tax advice—and some of it is downright dangerous. Here’s what’s actually being said online: 📱 “Write off your dog as a guard animal.”📱 “Deduct your designer bag if you […]
California CPA firms are held to some of the strictest standards in the country. But most business owners don’t realize that anyone—yes, anyone—can call themselves a “tax strategist” without a license or a degree.A Canva logo and a slick email funnel are all it takes. And if you’re not careful, that’s who ends up advising […]
The 2025 standard deduction increase is one of the biggest taxpayer wins coming out of the One Big Beautiful Bill Act (OBBBA). Remember the Tax Cuts and Jobs Act (TCJA) of 2017? One of the biggest wins for taxpayers was the increase in the standard deduction. Now, thanks to the One Big Beautiful Bill Act […]
Running a business means incurring expenses – and the good news is many of those costs can reduce your taxable income. Small business tax deductions are write-offs that lower the profit you pay taxes on, saving you money. This comprehensive guide breaks down current IRS rules (as of 2025) for the most valuable deductions available […]