Athough our CPA tax and accounting offices have been in Westlake Village for over 40 years, we have clients all over the United States. Our clients include a wide variety of professionals including physicians & dentists, entertainment, veterinarians, insurance and financial professionals. In addition, I act as a professional trustee and conservator for a wide variety of trusts.
Currently our California clients are throughout the Los Angeles area, San Diego, the San Francisco Bay and the desert communities. Our clients are also located in Chicago, New York, Atlanta and Phoenix. We only provide accounting services - we don't sell you any products.
Currently our California clients are throughout the Los Angeles area, San Diego, the San Francisco Bay and the desert communities. Our clients are also located in Chicago, New York, Atlanta and Phoenix. We only provide accounting services - we don't sell you any products.
Services
Our CPA firm works closely with a wide variety of professional clients and their team of key advisers: attorneys, financial advisors, insurance professionals, bankers/lenders, and pension administrators. Our goal is to assist the client by using their team of professionals to maximize profitability, achieve their financial and professional goals and minimize income and estate taxes.
Paul B. Shane provides a wide range of services to individuals and businesses in a variety of industries. At Paul B. Shane, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Paul B. Shane, CPA, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
At Paul B. Shane, CPA, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
Following are some generally recognized financial planning tools that may help you reduce your tax bill. Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
It's possible there could be additional extensions, so check with your tax advisor for the latest information. Trusts and estates need to file an income tax return for the 2020 calendar year (Form 1041) and pay any tax, interest and penalties due, if an automatic five-and-a-half month extension was filed.
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