Los Angeles Financial News


Feb
6

As of Jan. 1, 2013, there is a 3.8% net investment income tax on some categories of passive investment income for individuals, trusts and estates that exceed certain income thresholds. As a result, it is in your best interest to identify these incom... Read More

Posted on Los Angeles Accountant Blog on February 6th, 2014


Feb
10

Did you know that the average student loan balance is $24,803? Student debt is taking a heavy toll on borrowers, according to an American Institute of CPAs survey, which found that 75% of respondents or their children had made personal or financial ... Read More

Posted on Los Angeles Accountant Blog on February 10th, 2014


Jan
15

If you are a member of a married same-sex couple, then the U.S. Supreme Court’s decision to strike down the Defense of Marriage Act could have a substantial effect on many aspects of your financial life. You may want to consider, for example, filin... Read More

Posted on Los Angeles Accountant Blog on January 15th, 2014


Aug
5

What Is A General Ledger And Why Do We Use It? The general ledger is the core of your company's financial records. It records all transactions performed by the company since day one. It is the central piece to all transactions made in the company. ... Read More

Posted on Los Angeles Accountant Blog on August 5th, 2011


Aug
5

The GAAP And IFRS - How These Terms Affect Your Accounting GAAP and IFRS - what do these terms mean? Why are they important for American businesses? And what changes do they hold for the future? These are standards that put all accounting firms o... Read More

Posted on Los Angeles Accountant Blog on August 5th, 2011


Aug
5

Accounting In America - The 4 Principles Of GAAP Explained In the United States, there are some accounting principles that are generally accepted. You may have heard about the term GAAP, or Generally Accepted Accounting Principles. So what are the... Read More

Posted on Los Angeles Accountant Blog on August 5th, 2011