The federally mandated R&D tax credit was initiated by Ronald Regan and Congress in 1981, which is now permanent and supported by a $20B budget. This program is a stimulus reward for businesses that create jobs, develop new programs, and innovate in their competitive space with investment in technology and people. 85% of all businesses that apply annually are very large corporations and only about 5% of small businesses apply due to the lack of resources which are generally not provided by CPAs, Accountants, or CFOs. This program is a tremendous opportunity for small and medium-sized businesses to get back money that they are eligible for as overpaid tax and reinvest it "as they please." In this webinar, ACap's Ara Oghoorian is joined by George Brumis of Business Group Resources to discus business tax credits & incentives.

Considering if and how to merge your medical practice with another physician group is a detailed process.  How do you decide if an affiliation is beneficial for both parties and meets your practice vision for the future? In this webinar, ACap’s Ara Oghoorian is joined by Eli Mingail, Principal of Eli Mingail Healthcare Management and Consulting, to discuss the reason and process of merging medical practices.  Learn how to decide if a merger/affiliation is a fit for your medical practice.

From debt payment to investments to long-term saving, getting the help of a financial advisor to address your financial profile can allow you to target a course of action to fulfill your needs and help you make significant progress towards achieving your financial goals. A financial advisor is a professional who offers guidance and services specific to the financial circumstances of their clients. This means that regardless of your financial needs or situation, a financial advisor will help work with you individually on your own financial profile. 

In retirement saving, as with many other forms of long term financial planning, understanding and mapping out what portion of your financial profile will be devoted to your savings is crucial. Although different savers have different needs and different levels of understanding of how this long-term planning should go, it’s always useful to enlist the aid of a financial advisor (or, as it pertains to retirement savings, a retirement advisor), who can provide individualized guidance and input on how this process should go. Selecting an advisor who will fulfill your needs and help you meet your retirement goals can help you make a big step towards your future, so considering your circumstances and the services offered by the retirement advisor is imperative.   

With the passage of the Tax Cuts and Jobs Act (TCJA) of 2017, many real estate investors are wondering whether rental income qualifies for the generous, yet confusing, section 199A deduction against Qualified Business Income (QBI). The answer is it’s not 100 percent clear, but the general consensus among tax practitioners is that income from rental properties will be deemed QBI and qualify for the deduction. Of course, there are always exceptions. The new section 199A deduction is limited to QBI generated from a qualified trade or business within the United States. Real estate ownership and its associated rental income is generally considered to be a passive activity.  Therefore, the question is, if you own rental real estate, are you operating a trade or business to benefit from the deduction or are you just a passive investor?

Are you a business owner who recently received a letter from the City of Los Angeles claiming you owe tax on your total revenues? If you operate a business within the City of Los Angeles, you must file a Business Tax-Registration Certificate (BTRC) each year regardless of whether or not you generated any revenues. The tax is due on the gross receipts of your business, which is the total revenues you collected before deducting any expenses. City of Los Angeles Business tax postcards were recently mailed and the business tax is due on February 28th of each year (29th if it’s a leap year). This tax is in addition to sales tax, state income tax, and the unsecured property tax imposed by the County of Los Angeles.