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In today’s business environment, when the economy takes on the ups and downs of a roller coaster ride, all individuals, self-employed and business owners should respond by changing their financial goals.  The financial approach one takes to reach their goals depends on their particular situation.  During difficult times, the only way to achieve positive long-term results is to develop well conceived strategies and goals.  Unfortunately, many individuals lack the skills, resources, discipline and time necessary to effectively plan their financial ...

As a Los Angeles CPA, I often work with entertainers and industry professionals, and tax deductions are a subject that comes up frequently. Although there are many rules regarding tax deductions for self employed professionals, deductions for entertainers and entertainment industry professionals can be particularly difficult to navigate.  Few entertainers can manage to toe the fine line between asking for too many deductions and not claiming enough without the help of Certified Public Accountant. Some will attempt ...