Breaking up taxable income to your children or even grandchildren and other family members is a proven technique in tax planning. It may allow you to lessen your family’s total taxes. Yet, this technique could be more valuable these days. With the new ATRA (American Taxpayer Relief Act), new sets of tax rates are applicable to regular income while tax breaks for dividends and capital gains favors investors with upper-income.
If you own real estate or securities and other income-producing assets, your ...
Does your tax preparer help you to realize your short and long-term goals? Whether you are a filing as a business or individual, Pacific Tax & Financial Group can help you to minimize your taxable income to achieve your financial goals. Our team has the privilege of serving individual and businesses throughout Carlsbad, Escondido, Fallbrook, Oceanside, San Marcos, San Elijo Hills, Valley Center and Vista.
We understand that maximum tax savings aren’t realized by just one avenue. Therefore, we take a ...
Are you considering hiring an accountant to handle the financial aspects of your business? Many have been or are currently in your shoes. Trusting another person with such a vital component of your business can seem like a huge leap. That because it is! Nevertheless, there may come a time when hiring an accountant saves you time, energy, and money. Yes, an accountant can save you money (we’ll cover this too)!
Our accountant team has the privilege of serving business of all ...
If a year or more of back taxes is looming over your head, it is time for a solution. Avoiding the problem is simply going to create an ever-growing snowball that will eventually avalanche your finances. At Pacific Tax & Financial Group, we help navigate individual taxpayers and small business owners out of the worst back tax stories imaginable. Below are some of the things that we can do for you.
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Everyone’s tax situation differs. Hence, it is vital ...
When planning financially and for taxes, many people fail to pay attention to estate taxes. While there are times when an estate must pay tax, you don’t want to leave your family with this burden if it can be avoided. But how can that be achieved? One successful approach is to work with a tax professional who fully understands the “ins and outs” of estate planning. Pacific Tax & Financial Group has such experience. Below is an overview of estate taxes ...
It is not uncommon for people to make mistakes on tax returns, but when they occur in businesses, auditors can be less forgiving. Hence, it is best to make yourself fully aware of common tax preparation mistakes that can cost your business. Nearly every year there are tax code changes that effect small businesses. Pacific Tax & Financial Group alerts all of its small business clients about tax codes updates so that they can adjust to save money.
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Every year the IRS Tax Code is revised, revamped, and renewed in specific ways. Unfortunately, every year millions of individuals and businesses take no note of these changes, which ultimately costs them money. Are you aware of this year’s Tax Code changes?
Pacific Tax & Financial Group is one of San Marcos and North County San Diego’s most reliable and fastest tax planning providers. Our experience in tax preparation extends for over 20 years. We have a deep understanding of how ...
Experience and professionalism that you can trust!
Retirement is one of the biggest goals and one of the most important. It is a culmination of years of work and is meant to cover a variety of essentials during your golden years. Health, family, leisure, home, and financial security are all wrapped up in retirement.
Although it’s never too late to save for retirement, starting early is the better option.
People are living longer and more active lives in older age. In fact, most view ...
Among the greatest anxieties that parents have is how to pay for their children’s higher education. Many work long hours and take on extra jobs to ensure that their children get an education that can lead to more options in life.
However, few take the time to plan ahead and get the most power out of their children’s education fund.
Why not get the most out of your hard work by planning the best route to your child’s future education? With the costs ...