Blog
Passing Down Your Inland Empire Family Business
If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher, Mike Tyson once said: Everyone has a plan until they get punched in the face. What is your plan for exiting your Inland Empire family business? You need...
A Few Winning Tips for Controlling Costs in Inland Empire Businesses
So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads ... even the leanest Inland Empire...
Garrett & Associates, CPA’s Thoughts on Reimbursement vs Company Cards
If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc., or using a company cc. Oh, my Inland Empire readers, I'm going to take you down a little rabbit...
Financial Documentation Strategies for Inland Empire Taxpayers
Ah, the wonders of financial documentation... Today’s topic has the benefit of ensuring your Inland Empire "financial fortress" is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Inland Empire Taxpayers "You get...
Multi-Generational Caretaking Tax Planning for Inland Empire Families
One of the trends of recent years has been a rise in multi-generational living. Whether it's for economic or health reasons, when Mom and Dad or other, older members of the family move in, there are important things to keep in mind as it relates to maintaining your...
Tax-Wise Charitable Giving Strategies From Garrett & Associates, CPA
It's a good idea to take your internal temperature and do whatever you need to do to get to a place of focus, amidst all of the national and global distractions that continue ad infinitum. Many of our Inland Empire clients are under enormous pressure for one reason or...
Garrett & Associates, CPA’s Top 5 List of Potentially Fatal Business Mistakes
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...
Financial Documentation Strategies for Inland Empire Taxpayers
Ah, the wonders of financial documentation... Today’s topic has the benefit of ensuring your Inland Empire "financial fortress" is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Inland Empire Taxpayers "You get...
4 Tips for Inland Empire Taxpayers Owing the IRS
For many Inland Empire individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won't come hunting for ways...