Business News

The tax gap is the difference between what taxpayers owe the IRS and what the agency actually collects. The current estimated tax gap is between $500 and $700 billion annually. The IRS believes it will greatly reduce that gap by catching unreported income faster, reducing audit costs, and...

For Santa Clarita families, 2025 has already brought one of the biggest mid-year surprises in decades: the One Big Beautiful Bill Act (OBBBA). Signed into law on July 4, this sweeping legislation includes several tax benefits that apply retroactively to the entire 2025 tax year— meaning you can...

You’ve worked hard to build a substantial nest egg and you need to make sure it will be managed right. Perhaps you’re thinking about helping your daughter with a down payment on a home—without jeopardizing your lifestyle in retirement. You’re ready to choose a Financial Advisor, and want to do...

Many people overlook assets when trying to settle their divorce cases. They don’t think to divide banked/accrued vacation time, overtime and sick time and these assets are commonly omitted from the negotiations. Most people are unaware that these accrued assets have a monetary value in their...

During a “Come To Life In The Workplace” workshop, Thomas Iland is the instructor. There’s an activity the participants/audience can take part in called “The Chip Taste.” Each person is given a piece of paper to write if they think they will or won’t like the chip. There were three different...

When people talk about the American Dream and what it means to them, buying a house is often near the top of the list. However, the responsibilities of owning a home can sometimes be overlooked: You’re not only buying the house but also committing to maintenance, as well. Here are a few things...

Many people today find themselves burdened by overwhelming debt, constant calls from creditors, and what feels like no way out. For some, a sudden job loss led to a downward spiral, making it impossible to keep up with bills. For others, a divorce or unexpected medical expenses drained their...

We are advocates for our clients and always hope that their taxes will not rise. Recently, we came across a document published by the California Community Economic Development Association concerning Enhanced Infrastructure Financing Districts (EIFDs). The purpose of EIFDs is to enable...

There has been a lot of discussion recently surrounding the Federal Reserve lowering their rate, and there is a common misconception about how that relates to mortgage interest rates. Here is some information to help you understand how this works.The Federal Funds rate is the overnight rate...

Litigation is never something individuals or businesses look forward to—but when it becomes necessary, it is one of the most important tools available to protect your rights, your livelihood, and your future. For more than 30 years, I have represented clients in state and federal courts,...

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces transformative changes for estate planning, offering new opportunities for seniors and families to secure their financial legacies. A key provision permanently raises the federal estate, gift, and...

How you can mitigate the different types of risk in your portfolio. When you invest your money, you probably know you’re taking on a certain amount of financial risk. Unlike depositing money in a bank, where it is often insured and can earn a steady amount of interest, investing doesn’t offer...

The phrase “all hat and no cattle” perfectly describes someone who talks confidently but lacks the substance, effort, and follow-through needed to get things done. They look the part, wear expensive clothes, and have a convincing way with words. They’ll tell you about all the great things...

When a married couple has a child together, the husband is recognized as the child’s father.  When a child is conceived by an unmarried couple, paternity could be questioned by either parent. Since CA law provides that every child shall be supported by BOTH  of their parents, it is important to...

September is here. It’s the start of a new month. Let’s step into it with a new attitude being optimistic, motivated and confident. The month of September signifies a change in the seasons. The Autumnal Equinox will take place on September 22nd.. Moreover, it’s the start of autumn in the...