September-October | 2018
What's the right structure for your business?
The Tax Cuts and Jobs Act slashed the federal corporate income tax rate to a flat rate of 21% and eliminated the corporate alternative minimum tax (AMT). Meanwhile, owners of pass-through entities — partnerships, S corporations and LLCs — are taxed on their shares of business income at individual rates as high as 37%. This article explains factors to consider in determining whether organizing a business as a C corporation would reduce one’s overall tax burden.

Tax cost of divorce set to rise in 2019
One of the lesser known aspects of the Tax Cuts and Jobs Act is that it affects the tax treatment of alimony. This article explains the changes and details the impact for post-2018 divorces.

Putting the brakes on spending

Despite its name, the purpose of a spendthrift trust isn’t just to protect profligate heirs from themselves. Adding spendthrift language to a trust benefiting one’s heirs can help safeguard assets from their creditors, or in the event of relationship changes. This article explains the effects of adding spendthrift language to a trust.

Tax Tips - Make the most of the 0% capital gains rate

These brief tips explain strategies that take advantage of the 0% capital gains rate, detail how the Tax Cuts and Jobs Act expands the research credit, and discuss the pitfalls of having a formula clause in an estate plan.

Firm News:
HMWC CPAs & Business Advisors ranked "Top 150" by CalCPA
TUSTIN, CA, SEPTEMBER 18, 2018 – The California Society of CPAs (CalCPA) has ranked HMWC CPAs & Business Advisors (“HMWC”) as one of its “Top 150 CPA firms” in terms of CalCPA membership.  

HMWC CPAs & Business Advisors | (714) 505-9000 | (714) 505-9200 F |