January 2016 Dear Clients, The New Year is upon us again, and this time it’s an election year, one full of excitement, anticipation, and a modest economic growth of 2.7 percent. Interest rates are low, and hopefully will remain as such well into the next presidency of our nation. One only has to drive around the beach cities to see all the new construction and remodeling going on, it seems that everyone wants to live here. Hopefully all this robust real estate commerce doesn’t lead to another “Big Short” , which was an excellent film. As far as new tax law provisions, Congress enacted PATH, Protecting Americans from Tax Hikes Act on December 18th (who comes up with these names?). No new tax rates or tax laws were created , but expiring provisions were made permanent. Child tax credit, American Opportunity credit, Earned Income credit, above-the-line teacher’s deduction, tax-free transfer from IRA to charity, 100% exclusion on small business stock sales are some of them. We can explore the deductions that benefit you personally at your individual tax appointment. On a humorous side in the gift tax area … Payments a woman got for agreeing to be faithful to her […]
With the Holiday Season almost here we’d like to wish you Merry Christmas & Happy New Year! We hope that you have a lovely rest of the year and that 2016 is filled with business success and prosperity. As we say goodbye to 2015, we have a few announcements: We will be closed for Winter Break from Thursday Dec 24th to Friday Jan 1st. Starting January 4th our office hours will be 9am-5pm Mon- Friday, and beginning Feb 6th we will open on Saturdays from 10am-3pm for tax season. Sending you warmest Holiday Wishes from all of us at Beach Cities Tax & Books! Monique Wright, CPA Stephanie Salinas, Senior Accountant Dayna Wheatley, Bookkeeper Beata Dutko, Bookkeeper
Earlier this year, the Beach Cities Team joined for a lunch at Terranea Resort. The team here at Beach Cities is wonderful and all of us enjoyed the company, fresh iced tea and gorgeous ocean views. Here’s to a successful women powered team!