With the end of the year approaching, it’s time to consider some smart tax-saving strategies. One of the key things you should consider is whether to take the standard deduction
The Secure 2.0 Act, a significant update to retirement and tax regulations passed in December 2022. It brought notable enhancements to Qualified Charitable Distributions (QCDs). More options are provided for
When managing your business’s finances, deciding between cash and accrual accounting is crucial. Both methods have distinct implications on your taxes, financial reporting, and overall cash flow management. Understanding the
Nonprofit organizations often rely on a variety of funding sources to support their operations. This often include donations, grants, sponsorships, and advertising. However, when it comes to sponsorships and advertising,
Divorce is a complex process that not only impacts your personal life but can also have significant tax implications. Depending on the couples involved, navigating a divorce can be an
Innocent Spouse Relief is a provision by the IRS that protects individuals from being held liable for tax understatements made by their spouse. Or ex-spouse on a joint return. When
Restricted gifts are donations given to a nonprofit with specific conditions or purposes set by the donor. Managing these restricted gifts is crucial to maintaining donor trust and complying with
Nonprofit organizations have long relied on specific retirement plans to help their employees prepare for the future. However, changes in regulations, economic conditions, and workforce dynamics are driving significant shifts
Alternative investments offer investors diversification opportunities, but with some risks. For example, private equity, hedge funds, real estate, and commodes offers a diversified portfolio beyond tradition stocks and bonds. However,
When borrowing from your corporation, it’s essential to navigate the process carefully to avoid tax complications and legal issues. If you own a closely held corporation, you can borrow funds
43385 Business Park Dr. #150. Temecula, CA 92590
43385 Business Park Dr. #150. Temecula, CA 92590
The Ray Group offers an extensive range of professional accounting and tax services. For over 20 years, we have been servicing both business and individual needs with affordable financial solutions. From bookkeeping setup assistance to estate & trust planning to tax preparation, our business solutions give clients a peace of mind. Your complex business ideas deserve a knowledgable and skilled accounting and tax firm.
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The Ray Group offers an extensive range of professional accounting and tax services. For over 20 years, we have been servicing both business and individual needs with affordable financial solutions. From bookkeeping setup assistance to estate & trust planning to tax preparation, our business solutions give clients a peace of mind. Your complex business ideas deserve a knowledgable and skilled accounting and tax firm.