Tax Point Partners

As bookkeepers, our role changes with the needs of your business. Here is a list of some of the work tasks that we may handle for you! We aim to make your job easier by letting you focus on what you do best. Contact us today at (213) 316-8608.

For the tax year 2024, a nonrefundable clean vehicle (CV) tax credit of up to $7,500 is available for buying certain new fully electric, plug-in hybrid and fuel-cell electric vehicles. Alternatively, a credit of up to $4,000 is available to taxpayers purchasing eligible used vehicles. Vehicle eligibility and the size of the credit depend on factors such as the cost of the vehicle whether it satisfies certain manufacturing requirements and the taxpayer’s annual income.

The Consumer Financial Protection Bureau (CFPB) has a variety of free financial booklets you can download (or even request to be mailed to you at no cost). Visit this link to access free information booklets regarding debt, bills, credit, and saving. These may be helpful to read when scheduling an appointment with us! Call us at (213) 316-8608 with any questions you have. https://bit.ly/3SqfwWX

When passing down assets, there are important tax implications to consider before gifting someone your estate. There are many differences that can affect your finances when gifting estates versus traditional estate inheritance. We want you to be informed on it all when you make your final decision about which path is right for you and your family!

Should I Start Gifting My Estate? | www.financialhotspot.com As you ponder the legacy you will leave behind, the question of whether to start gifting your estate may arise. Beyond the sentimental value of passing down assets, there are significant tax implications to consider. In this exploration of estate planning, we'll delve into the tax benefits and drawb...

Let us help assist you with precisely preparing and filing your tax returns as enrolled agents, making sure you take advantage of all allowable credits and deductions while adhering to all applicable tax regulations. Give us a call at (213) 316-8608 to get started today.

Finding ways to supplement or increase your retirement income is helpful should your retirement income not cover all of your expenses. Whichever method you choose, it can assist you in building a bigger nest egg! For more guidance with your retirement plan, contact us today at (213) 316-8608.

Business owners: Do you need both an accountant and a bookkeeper to help manage your finances? While they basically have the same goals when it comes to assisting your business, there are differences in their responsibilities. Bookkeepers mainly focus on recording daily transactions, sending invoices, processing payments and reconciling accounts, while accountants use this data to create financial reports and help the business owner make long-term decisions. Contact us today at (213) 316-8608 to find out how our team can help you reach your financial goals.

“I own a business, but I’m late on filing taxes. What should I do?” While being behind on payments and taxes can lead to penalties, there are some steps you can take to navigate the process and ensure that your business stays on track with tax obligations.

Steps to Take When Your Business Is Late to File Taxes | www.financialhotspot.com Filing taxes late can be a daunting situation for any business owner. Whether it's due to unforeseen circumstances, administrative oversights, or simply procrastination, being behind on tax filings can lead to penalties and headaches. However, not all hope is lost. In this guide, we'll walk you thro...

A will, trust, power of attorney, beneficiary designations, healthcare orders, and tax planning are all commonly included in estate planning. Contact us today at (213) 316-8608 for more information about our services.

IRS agents are assigned official identification cards known as HSPD-12 cards. Someone is likely falsifying their identity if they cannot provide it. If they claim to be someone you know, hang up and call that person directly. Scammers aim to get your emotions heightened so you aren’t thinking clearly. Slow down, stop the conversation, and speak with someone you trust. Report any fraud to the IRS or the Federal Trade Commission. More questions on tax time safety tips? Contact us at (213) 316-8608.

Have you heard of the Consumer Financial Protection Bureau (CFPB)? This free government website can help you get your finances organized! Your Money, Your Goals (YMYG) is a financial empowerment toolkit created by the CFPB that equips frontline staff with tools and skills to empower clients in understanding their own financial situations and connects them to resources available in their community. You can access PDF versions of the toolkit, or even get a free one mailed to you. It's time to get your finances in check! Contact us at (213) 316-8608 to discuss fiscal strategies for your situation today. https://bit.ly/4cVbRIP

A customer-focused business culture places the customer at the center of all your business decisions. This strategic approach helps your business build brand loyalty, customer satisfaction, and eventual business success. Have you incorporated any of these tips into your organization’s culture?

Tips to Develop a Customer-Focused Business Culture | www.financialhotspot.com A customer-focused business culture is not just a buzzword; it's a strategic approach that places the customer at the center of all business decisions. This approach is essential for building brand loyalty, driving customer satisfaction, and, ultimately, ensuring business success. Here are some prac...