April 3, 2018
Ep. 21 Charles Guerin, CPA: The New Tax Law and What Business Owners Need To Know
Speak to your CPA if you have questions
Today I’m joined in the studio with Charles Guerin, CPA. We learned that with the new tax laws, it’s changed the framework towards how individuals now prepare their tax returns going forward into the new year for 2018. Some of these include:
- How we take our major deductions on our tax returns, including personal exemptions.
- The a drop in the marginal tax rates across the board.
- The child tax credit has increased.
Additionally, we talk about how corporations are now taxed at 21% - a flat marginal tax rate. This tax rate really only affects the humongous large corporations.
Here is Charlie’s #1 tip he asks his clients to prepare for and complete BEFORE coming to see him:
- Bookkeeping: Be prepared. The key is to take pride in your “books” as much as you do for your business. Please don’t keep “dirty books” (listen to Ep. 17 Kasey Ortiz: The Importance of Taxes and Clean Books).
Charlie’s Top 3 Tax Tips:
- Choose the right business structure for your business.
- Always keep your books in perfect order.
- Always speak to your CPA if you have a questions.
Guest Contact information
Charles Guerin, CPA
California CPA FirmDel Mar, CA
858-205-1079
Contact the Queen of Business Law
Kelly Bagla, Esq.
Go Legal Yourself
GoLegalYourself.com
kelly@golegalyourself.com
Get your copy of Go Legal Yourself.
Kelly Bagla, Esq.
Email: Kelly@GoLegalYourself.com
Phone: 760-525-4540
Cheers to your success!