When the lottery is at the highs it has been recently, everyone is buying a ticket in the hope that they might be the one to win the millions if not billions of dollars. Around these times a very common question is asked is, “how are lottery winning taxed in California.” Although many California residents
Author Archives: Whittaker
05
Jan
Jan
As the new year rolls in, so does another tax season. For businesses, staying informed about each tax filing deadline and important dates is crucial to ensure compliance and avoid penalties. Whether you’re a seasoned entrepreneur or just starting out, understanding the tax calendar can help you plan and prepare effectively. In this guide, we’ll
Advisory|Strategic Guidance|Value Building
Navigating the New Year: Setting and Tracking Business Goals with KPIs
03
Jan
Jan
As we step into a new year, it’s a perfect time for businesses to chart their course towards success. This period of corporate planning is crucial, offering a fresh start and a chance to set ambitious yet achievable goals. Key Performance Indicators (KPIs) play a vital role in this process, serving as the compass that
20
Dec
Dec
Introduction: Investing is a powerful tool for wealth creation, but it’s crucial for investors to be aware of the tax implications associated with different investment types. Whether you’re a seasoned investor or just getting started, understanding how your investments may be taxed can significantly impact your overall financial strategy. Continue reading to explore the
13
Dec
Dec
Introduction: As the year comes to a close, it’s the perfect time to review your financial situation and make strategic moves that can positively impact your future. Whether you’re planning for retirement, managing your business finances, or looking to optimize your tax situation, taking action before the end of the year can lead to significant
06
Dec
Dec
Office parties are a time-honored tradition in the business world. Whether celebrating a successful year, your annual Christmas party, or marking a special occasion, these events contribute to a positive work culture. As business owners prepare for such festivities, a common question arises: Are office parties tax deductible? In this blog post, we explore the
29
Nov
Nov
As we approach the year-end tax planning season, it’s crucial to explore smart strategies that can both support charitable causes and provide tax advantages. We are lucky enough to have great group of clients that give year after year. One such strategy worth considering is the Qualified Charitable Distribution (QCD) from your Individual Retirement Account
As the year draws to a close, it’s not just the holiday season that’s on everyone’s minds; it’s also a critical time for financial planning. The good news is that ProActive Tax Planning can offer substantial benefits, helping you optimize your finances and potentially save on your tax bill. Here are five potential tax savings
15
Nov
Nov
As we usher in the year 2024, it’s time to familiarize ourselves with the changes in the tax landscape. Understanding the new tax brackets is crucial for individuals and businesses alike, as it directly impacts how much we contribute to the government’s coffers. In this blog post, we’ll look into the key highlights of the
08
Nov
Nov
Introduction: Holiday season is fast approaching and many business owners make charitable donations. As a business owner, you understand the importance of supporting your community and giving back to causes that matter. What you might not fully realize is that charitable donations can offer significant tax benefits that can strengthen your business’s financial position while