Archive for September, 2016

15.09.2016 Business, Tax

Deducting Business-Related Car Expenses

Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions.

There are two choices for claiming deductions:

  1. Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies, parking, tolls, drivers’ salaries, and depreciation.
  2. Use the standard mileage deduction in 2016 and simply multiply 54 cents by the number of business miles traveled during the year. Your actual parking fees and tolls are deducted separately under this method.

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14.09.2016 Careers, News

LMGW Seeks Experienced Staff

Advancement and opportunity await at LMGW Certified Public Accountants! LMGW is seeking experienced staff to join our team of growing professionals during this exciting growth phase in our company. Potential candidates must be dedicated to a rewarding and successful long-term career in public accounting and be focused on personal and professional growth.

Applicants will:

  • Have a passion for public accounting
  • Be focused on career growth and a firm to call home
  • Possess a high degree of technical competence and a strong sense of confidence in one’s own abilities
  • Be eager to put in the hours it takes to achieve rapid professional growth
  • Recognize the opportunity to be part of the growth and transition of a firm moving to the next level
  • Keep the “big picture” view in mind at all times

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13.09.2016 Business

Statement of Information Filing Requirement with California Secretary of State

Just as a reminder for all of our corporate clients, the California Secretary of State requires you to update your records by filing a Statement of Information every year based on your original registration date with the state. Limited Liability Company entities have the same reporting requirement, but need to do so every other year.

Corporate filings can be filed electronically at https://businessfilings.sos.ca.gov/.

LLC filings are required to be paper filed on form LLC-12. That form can be downloaded at http://bpd.cdn.sos.ca.gov/llc/forms/llc-12.pdf.

Please don’t hesitate to call us if you have any questions or need assistance filing these forms. Additional information is available on the California Secretary of State website — http://www.sos.ca.gov/business-programs/business-entities/statements.