If you are a high-income household making more than $400,000 (single) or $450,000 (married filing joint), your tax bracket will be up to 39.6% from 35%. However, this will not affect your 2012 income tax return. Those in the new high tax bracket will also be subject to a capital gains rate of 20% –… Read More
J Mark Olson CPA Inc is pleased to announce that we have formed an alliance with Lyndon Group (www.Lyndon-Group.com) to better serve our clients. Together we form a boutique management consulting firm with finance & accounting professionals serving companies in your industry throughout Southern California and beyond. Our practice leaders are Big 4 CPAs or… Read More
Now is a good time for companies to prepare for their year-end audits. However, many companies are unprepared. Depending upon the company is and it’s complexity, it can take several weeks to months to be prepared for the audit. You should consider the following action items and questions before you start: Start early. Select your… Read More
The controller of a company serves a very important function. While the controller reports to the Chief Financial Officer or the CEO, much trust is placed with the controller to serve some very critical accounting and finance functions. Most importantly, the controller must ensure that accurate financial statements are prepared on a timely basis. If… Read More