Hiring Family Members — Tax Benefits & Pitfalls
Hiring your spouse, child, or other relatives can be an...
Read MoreNew Draft 1099 Forms Add Lines for Tips, Overtime, and OBBA Deductions: What Self-Employed and Business Owners Should Know
The IRS has released draft versions of Forms 1099-NEC, 1099-MISC,...
Read More💡 How to Reduce the Tax Impact from California’s SDI Wage Base Elimination
Starting in 2024, California eliminated the wage ceiling for the...
Read MoreUnderstanding Employee Benefits
Many employees receive a paycheck without realizing the full range...
Read MoreIRS Offers 2025 Penalty Relief for Employers on New Tip and Overtime Reporting Rules
The Department of the Treasury and the Internal Revenue Service...
Read MoreTrump Accounts and Other Investment Options for Children
The One Big Beautiful Bill Act has introduced a new...
Read MoreOBBB Tax Changes 2025-2026: A Guide for Los Angeles Professionals
The One, Big, Beautiful Bill (OBBB) recently introduced several important...
Read MoreCalifornia’s New Alimony Tax Rules: What SB 711 Means for 2025 and Beyond
If you’re a Los Angeles professional — a doctor, dentist,...
Read More📅 Missed the 2025 Tax Filing Deadline? Here’s What Happens Next and How to Fix It
If you didn’t file your 2025 tax return by October...
Read MoreCalifornia’s New Retirement Contribution Deduction Conformity: What It Means for You
If you’re a professional in Los Angeles — whether a...
Read MoreNew Car‐Loan Interest Deduction & Reporting Rules: What You Should Know
If you’re thinking of buying or refinancing a car, or...
Read MoreFringe and Benefits Plan Updates for 2026: What Los Angeles Employers and Professionals Need to Know
As 2026 approaches, several important updates from the federal budget...
Read MoreYear-End Tax Planning for 2025: What Los Angeles Professionals Should Do Before December 31
As 2025 draws to a close, it’s time for professionals...
Read MoreForm 1099-K Reporting Threshold Returns to $20,000 and 200 Transactions: What You Need to Know
If you sell products, provide services, or receive payments through...
Read MoreTurning Your Home into a Rental: Tax Insights from Velin & Associates, Inc.
If selling your home quickly isn’t possible in today’s market,...
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