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a member of the AICPA

"The deepest principle in human nature is the craving to be appreciated."
William James


 

Most recent peer review opinion

 

HCVT Adds Three New Partners
Santa Monica-based Certified Public Accounting Firm, Holthouse Carlin & Van Trigt LLP (HCVT), the largest CPA firm headquartered in Southern California, has recently added three new partners to its staff.

 

HCVT OC Office has moved!
Our Orange County office has moved to our new Costa Mesa location. Click the arrow for their new address and phone numbers.

 

HCVT Business Management Department has moved!
Our Business Management Department has moved to our new Los Angeles location. Click the arrow for their new address and phone numbers.

 

HCVT Ranked 6th largest in Los Angeles
HCVT is proud to announce that the Los Angeles Business Journal (LABJ) has ranked our firm the 6th largest in the Los Angeles area. We also wanted to share both the tax article "Going Green Yields Big Tax Breaks" by Blake Christian and our ad that was featured in this week's LABJ issue.

 

Forbes "Insult to Injury" Article quoted by: Andy Torosyan

 

Two recent AICPA articles by Blake Christian addressing the Presidential Candidates’ Tax Platforms and the heavy economic burden (and tax reduction opportunities) associated with State and Local Taxes (SALT).

 

10 minute California Restaurant Association Hiring & Equipment Credit Podcast including interview of HCVT Tax Partner, Blake Christian

 

CNN "Don't miss out on overlooked tax credits" Article quoted by: Shawn Marchant
Are you missing out on R&D credits?

 

WebCPA "A Humongous Win-Win" Article quoted by: Blake Christian & Shawn Marchant
Specialized tax savings engagements have incredible appeal because clients can achieve immediate financial benefits greater than the fees charged.

 

LA Times "L.A. Unified tells teachers to refund overpayments" Article quoted by: Patty O'Connell
The district paid about $53 million too much to 36,000 workers. They are given until Dec. 10 to decide whether to pay or fight.

 

HCVT Named as One of the Top 25 Best Managed CPA Firms in the U.S.
The HCVT partners are very proud to share the fact that HCVT has been named as one of the best managed CPA firms in the country – for a second year in a row.

 

The Wall Street Journal "Collecting Bills? Put Your People Skills to Work
Featured in Article: Carol Frischer

 

Eco-Friendly Tax Benefits
AICPA/ CPA2BIZ "Tax Insider" Article by: Blake Christian
The Green Movement is now firmly entrenched in the majority of business plans.

 

LA Times "Look out for tax hit after home loss" Article quoted by: Philip J. Holthouse
The tax complexities of the foreclosure process are analyzed.

 

AICPA Taking a Tax Bite Out of Meal Article by: Blake Christian
One frustration encountered annually (and possibly quarterly) by CFOs and shareholders involves the realization that 50 percent to 100 percent of certain meals, entertainment and other related expenses are non-deductible and will increase taxable income, decrease cash flow and increase their effective tax rates.

 

AICPA Incentive Tax Credits Article by: Blake Christian and Chuck Swenson
Over 80 percent of location-based tax credits are overlooked by taxpayers, tax preparers and CPAs. Some of these credits are large enough to eliminate your clients' tax liabilities.

 

HCVT Ranked Top Firm in Southern California and Number 42 in the Nation
Holthouse Carlin & Van Trigt LLP (HCVT), a full service CPA firm with offices in Santa Monica, Westlake Village, Encino, Pasadena, Long Beach and Irvine has again been ranked as the top CPA firm headquartered in Southern California by Accounting Today, a national trade journal focused on the CPA industry. Accounting Today annually ranks the Top 100 CPA firms in the country based on annual revenue, growth rates and other factors.

 

HCVT Receives National and Local Awards While Adding a Sixth Office
Santa Monica-based Certified Public Accounting Firm, Holthouse Carlin & Van Trigt LLP (HCVT), received two significant awards this month. On a national level, HCVT was bestowed a "Best of the Best" award as one of the Top 25 "Best Managed CPA Firms" in the United States by INSIDE Public Accounting (IPA), a national trade publication.

 

Enterprise Zone Credits Offer Businesses Tax Breaks That Make a Difference
Location-based incentive credits (LBICs) offer many advantages, including current and prior year refund potential and favorable financial statement impact. According to the Franchise Tax Board, only 3,199 companies claimed hiring credits in 2003 (the most recent statistics available), representing less than 10 percent of potential eligible businesses.

 


HCVT is listed on Accounting Today's 2007 list of Top 100 Firms(2.9MB) and 2007 list of Top 25 Best Managed Firms(753KB).

Tax Update Articles

  Congress ramps-up tax legislation at mid-year mark
A new administration brings a flurry of activity to Washington, D.C., and the Obama administration is no exception. Almost immediately after taking office, President Barak Obama and Congress passed a massive stimulus bill, the American Recovery and Reinvestment Act of 2009 (2009 Recovery Act). Since passage of the 2009 Recovery Act, Congress has been busy debating a host of other tax bills, such as health care reform, an overhaul of the individual income tax rates, the future of the federal estate tax, business tax reform, and more. Lawmakers have reached mid-year 2009 with a full plate of tax bills to enact.

Roth Conversions - Should you wait for 2010, if at all?
There are a number of advantages for starting a Roth IRA account, the most important being that all the investment earnings grow tax-free, and qualified distributions are tax-free. Additionally, you can continue to make contributions to your Roth after you turn 70 ½ and are not subject to the required minimum distribution rules. Currently, only individuals who have a modified adjusted gross income (AGI) of less than $100,000 and/or who do not file their return as "married filing separately" can contribute to a Roth IRA, or convert their traditional IRA to a Roth.

July 2009 tax compliance calendar
As an individual or business, it is your responsibility to be aware of, and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of July 2009.

How Do I? Calculate per diem travel expenses under the 'high-low' method
Employers commonly use per-diem allowance arrangements to reimburse employees for business expenses incurred while traveling away from home on business. Each year, the IRS publishes per-diem rates for travel within the continental U.S. The per-diem rates for meals, lodging and incidental expenses can be used instead of using your actual expenses. There are two approved methods for substantiating your per-diem expenses, including the "high-low" method (found in IRS Publication 1542). This article is intended to help you calculate your per-diem travel expenses under the "high-low" method.

FAQ: How much proof is enough, when contributing used clothing to charity?
You may have done some spring cleaning and found that you have a lot of clothes that you no longer wear or want, and would like to donate to charity. Used clothing that you want to donate to charity and take a charitable deduction for, however, is subject to a few rules and requirements.


HCVT clients are able to access the worldwide resources of Moore Stephens International Limited. More Info
HCVT is a member of the following: California Chamber of Commerce, Los Angeles Chamber of Commerce and Long Beach Chamber of Commerce.
Year-end Tax Planning Guide
Download a free on-line tax planning guide for individuals, investors, and businesses.

Federal Alerts

IRS moves to simplify employer-provided cell phone recordkeeping rules

Sales tax deduction and “cash-for-clunkers” aim to boost car sales

IRS updates COBRA premium assistance guidance for employers and dislocated workers

Few high-income taxpayers escape U.S. taxation, IRS reports

IRS interest rates unchanged for third quarter 2009

California Alerts

CA - New home tax credits will soon be gone

 


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