For Individuals

College Financial Planning

How Can You Pay for Your Kid to go to College, Spend and Save as You Are Now, and Increase the Amount of Money You have for Retirement?

Elder Care Financial Care

Finally… Worry Free Financial Management for Your Aging Parent or Family Member.

Estate Planning Done Right

Make Sure Your Family Transitions Prepare Your Children and Your Family for Financial Freedom.

Total Cost of College for Southern California Folks

Yes, there is chaos in the political world. Since it's not related to our vocation around here, I'll withhold comment, and let's move on to a happier conversation.Paying for college.(Yes, that was sarcasm.)So much ink (and an abundance of pixels) has been spilled over...

The 10 Rights for Every Southern California Taxpayer

When the IRS is breathing down your neck, it may feel like you have no choice but to just roll over and take whatever they dish out. This is something we’ve heard from Southern California taxpayers over the years.But here’s the thing… You actually have an extensive...

IRS Tax Levy: What Happens If Southern California Taxpayers Don’t Pay What They Owe

In the vast majority of cases, people who have tax debt will start to pay attention to the series of letters the IRS sends them as they become increasingly more threatening. So, being proactive and addressing the problem head-on is always the best approach. But what...

Barnes Accountancy Corporation Sheds Light on Some of the Highest State Sales Tax Rates

No, the IRS is not shutting down their operations -- there is still (and probably ever will be) a federal income tax.But states are a different story...This being travel season, and the season during which some of our clients turn their eyes towards making a move, I...

Which Stimulus Payments Are Taxable (and Which Aren’t) For Southern California Taxpayers

All over our nation, we're seeing pain.It's overwhelming, as someone who has to communicate to a broad base of Southern California clients, to even articulate meaningful words about everything that is happening.So ... I'm just doing what I can to sit in the pain of it...

Smart Planning for Financial Independence in Southern California

I have more to say about financial independence today (since I received some great feedback the last time I wrote about it). But before I get there, I'd like to speak some encouragement to you. A few people in Southern California wrote me saying that they were feeling...

Taxes for Teens: What Southern California Parents Need to Teach Their First-Time Filers

Last week I talked about smart ways to launch your financial life for young people.And you know what is kind of hilarious? I forgot to talk about TAXES for Southern California teens.Yes, yes I did.So, I'm fixing that today.Before I do: one more reminder that October...

Buying a House in Southern California During this Housing Shortage

Buying a house in Southern California right now is painful. Very painful. Inventory is at a historic low, and prices are skyrocketing.I have some thoughts -- and while this is admittedly not within my direct "wheelhouse" ... I think it will help as we move through the...

Barnes Accountancy Corporation on the New $600 Reporting Requirement for Digital Payment Apps

To be fair, the new $600 reporting requirement for digital payment apps isn't a Venmo thing ... it's an IRS thing.(Personally, I'm still amazed by how people share their transactions so publicly on these kinds of platforms. But that's a topic for another day.)And I...

Effective Financial Documentation Strategies for Southern California Taxpayers

A few timely things to get to, before I offer you my thoughts on a good task for you to do this week...First of all, the IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.That means that...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!