| "Don't ask for a light load, but rather ask for a strong back." |
| —author unknown |
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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.
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Forbes "Insult to Injury" Article quoted by: Andy Torosyan
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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).
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10 minute California Restaurant Association Hiring & Equipment Credit Podcast including interview of HCVT Tax Partner, Blake Christian
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CNN
"Don't miss out on overlooked tax credits" Article quoted by: Shawn Marchant
Are you missing out on R&D credits? |
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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. |
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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. |
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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. |
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The Wall Street Journal "Collecting Bills? Put Your People Skills to Work
Featured in Article: Carol Frischer |
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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. |
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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.
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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.
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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.
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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. |
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HCVT Adds Four
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 four new partners
to its staff. |
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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. |
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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. |
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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).
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IRS increases standard mileage rate; But does "actual expense method" yield better results?
In response to the record high gas prices, the IRS has raised the business standard mileage reimbursement rate from 50.5 cents-per-mile to 58.5 cents-per-mile. This new rate is effective for business travel beginning July 1, 2008 through December 31, 2008. While the increase is much needed, businesses should evaluate whether the IRS has done enough, or whether a switch to the actual expense method of calculating vehicle expense deductions may make more sense for 2008.
FAQ: If business is suddenly slower than usual, should you adjust your estimate tax payments?
The current economic slowdown has affected businesses in all industries, from service to retail, causing many companies to re-evaluate their financial and tax situation. If business is slower than normal, you may want to consider adjusting your estimated tax payments. If you've made estimated tax payments this year, a change in your business's income, deductions, credits, and exemptions may make it necessary to refigure your estimated tax payments for the remainder of the year. To avoid either a penalty from the IRS or overpaying the IRS interest-free, consider increasing or decreasing the amount of your remaining estimated tax payments.
How Do I? Figure the value of clothing and household goods I donate to charity
The IRS allows taxpayers with a charitable inclination to take a deduction for a wide range of donated items. However, the IRS does provide specific guidelines for those taxpayers contributing non-cash items, from the type of charity you can donate to in order to take a deduction to the quality of the goods you contribute and how to value them for deduction purposes. If your summer cleaning has led, or may lead, you to set aside clothes and other items for charity, and you would like to know how to value these items for tax purposes, read on.
Child care expenses for work: summer camp to after-school programs to babysitting: what's deductible and what's not
With school out for the summer, working parents will not only need to arrange care for their children while at work, but how to do so in a cost effective way. For parents facing a summer season that requires juggling childcare and work (or finding work), the IRS provides a few tax breaks that can help make this balancing act a little less painful to the pocket. From the cost of day camp to summer school, how do you determine what kind of childcare is deductible and what is not? Let's take a look.
July 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 2008.
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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.
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