Leading and running your business will involve so many moving parts. It is a complicated endeavor which requires careful balance and great expertise. As an executive or business owner, one business trend you ought to consider is outsource accounting, which places accounting professionals to work so you have more time to grow and maintain your […]

When you start developing your retirement strategy, no matter your age, it is essential to consider several key factors, especially if you have a complex financial portfolio. Here are some thoughts and questions we like our clients to consider during our initial consultation with them: What are your current income streams Where do they come […]

Marriages dissolve for many different reasons – sometimes mutual, sometimes not. Either way, it can be a grueling process for all involved.  There are so many questions that you need answered. One of them is, how will you go about protecting your finances throughout the divorce process? Here are some points to consider before starting […]

Businesses which significantly improve, construct, or acquire a building — or did so within previous years — ought to consider a cost segregation study. It might permit you to accelerate depreciation deductions, thereby decreasing taxes and increasing cash flow. Plus, the possible benefits now are even greater because of enhancements to specific depreciation-associated breaks underneath […]

The new 2017 Tax Code will influence your spousal support payments. This law will go into effect January 1, 2019. If your divorce becomes finalized after December 30, 2018 this ruling will affect you. Here are the key takeaways and deadline dates to keep in mind: Before the 2017 change in the tax code: The […]

Another year is quickly coming to a close and it’s time to address planning opportunities aimed towards reducing your 2016 income tax liability.  Therefore, while you are decking the halls and preparing the eggnog we recommend that all of our clients invest a few hours before year-end to project their 2016 taxable income and reflect […]

During a divorce situation the responsibility to report and pay income taxes on all sources of community property can prove to be a heavy financial burden (see previous post re Reporting Income and Deductions on Separate Returns).  Fortunately, the IRS offers several sources of relief from this burden.  The Community Property Laws with respect to […]

FINANCIAL PLANNING IS FOR EVERYONE You are cordially invited to an open house to celebrate the launch of a new Financial Planning and Investment Advisory Service to be provided by WZWLH Wealth Advisors, LLC Date: Wednesday October 26, 2016 Time: 5:30 to 7:00 Location: WZWLH office – 4 Park Plaza, Suite 200, Irvine, CA 92614 […]

If married spouses elect to file separate returns (see previous post re: filing status), each should report only their own income, exemptions, deductions, and credits on their individual return.  This reporting may be easier said than done.  It may not always be clear who owns what investment and its income stream and who paid and […]