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California AB 150: What it is and Why it Matters

It’s no secret that small businesses are subject to high tax rates, with one of the culprits being the Tax Cuts and Jobs Act (TCJA). But what some owners might not be aware of is a relatively new law designed to respond to this act and minimize the damage. This law, California AB 150, was…

What is the 10 Year IRA Rule?

What is the 10 Year IRA Rule? If you’re set to inherit an IRA account, you must understand the laws surrounding inherited IRA. This is especially true given specific changes that have come about since implementing the SECURE Act in December 2019 – the biggest one being the 10-year rule.  The new rules introduced recently…

What is California AB 150: SALT Workaround

Updated: February 9, 2023 This article has been updated to include California Senate Bill 113 which made the following changes for “tax years beginning on or after January 1, 2021” per FTB notice The Pass-through Entity Tax Credit can reduce the amount of tax due below the tentative minimum tax. Qualified net income includes a…

One (1) Time Financial Plan

A One (1) Time Financial Plan is a comprehensive review of your financial documents (insurance, tax returns, investment accounts, 401k accounts, etc.). This is not a budget, but an analysis and personalized retirement plan and savings strategy, based on your financial situation.  

CARES Act (COVID-19 Economic Relief)

Matt Crisafulli’s webinar on the CARES Act: On the 27th of March 2020, legislation responding to the COVID-19 pandemic was cleared by the US Congress and officially signed into law by President Trump. The Coronavirus Aid Relief and Economic Securities Act (A.K.A. The CARES Act) was put into effect with the goal of helping the…

ACap ReCap: 401k Basics

In each episode of the ACap ReCap, we go beyond the blog to answer your financial questions. Ara & Matt explain the basics and differences in 401k account types, including the growth opportunities of contributing. Looking for more information about retirement planning? ACap Advisors & Accountants is a Fee-Only wealth management and full-service accounting firm…