If you took some losses this year in the stock market do not fret, you might be able to deduct your losses. There are many important tax implications to consider when trading, including key definitions, and applications with capital gains/losses...
Read moreFineman West has been ranked by The Los Angeles Business Journal as one of the largest accounting firms in the Los Angeles County for 2021. This ranking marks the firm’s second consecutive spot on the annual list. Fineman West provides...
Read moreThe CP2000 Notice is a notice that the IRS uses when “routine matching” to ensure W2s and 1099s are matched against the tax returns filed. If a mismatch occurs, the taxpayer can either pay the calculated tax, or offer explanations as to why the...
Read moreRecent law changes have significantly expanded and increased benefits for employers. We’ve highlighted the new benefits and requirements below. Expanded Paycheck Protection Program (“PPP”) and Employee Retention Credit (“ERC”) Benefits Assuming...
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The IRS will not be sending copies of the new Form 1099-NEC, Non-employee Compensation, to California or any other state. (The IRS will continue to send all other Forms 1099 to the states.) As a result, businesses must send copies of Form...
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We are pleased to announce our merger with long-standing accounting firm, Katz & Associates. The firm will continue as Fineman West. Joining our team of extraordinary professionals includes Stanley Katz, President of Katz & Associates...
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The California Office of the Small Business Advocate will accept applications for the Small Business COVID-19 Relief Grant from small businesses impacted by COVID-19 between December 30, 2020 and January 8, 2021. $475 million in grants are...
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We are pleased to announce the addition of Erin Shaheen to the Fineman West team as a Senior Tax Associate. Shaheen will handle compliance work and supplementary tax matters for clients, including preparing and reviewing corporate, partnership...
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We are pleased to announce the addition of Adam Caswell to the Fineman West team. With nearly two decades of accounting and finance experience, Caswell will serve as the firm’s Director of Business Management. His core focus will be to grow...
Read moreJob opportunities for students and recent grads drastically vary based on the economy. Due to the COVID-19 crisis, numbers are expected to be altered even more. Partner Steve Jager participated on a panel of tax industry experts in a webinar...
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A new administration is headed to the White House in January 2021. While a Biden win brings some clarity, the uncertain state of the Senate race leaves questions on what your tax planning strategy should be. In the webinar, “Post-Election Impact...
Read moreKnowing what to be prepared for when the IRS comes knocking on your door, managing client expectations and ensuring that Schedule C is the right form for you to use, are some of the best practices Partner Steve Jager discussed during a webinar...
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