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.

David Barnes’ Five Principles For Spending That Actually Produces Satisfaction

We’re all still basking in the World Champion US Women’s Soccer Team over here in the Barnes Accountancy Corporation offices. Pretty amazing to see so much excellence, and on behalf of our country. Here’s to hoping for continued unification within our culture in the…

Barnes Accountancy Corporation’s thoughts on Healthy Skepticism in light of the 2020 Election

Believe it or not, we’re very busy around here. While the nation’s eyes are fixated on political things, we’re spending our days working hard on behalf of our clients right here in Southern California (and beyond, of course), talking through…

David Barnes’ Seven End of Year Tax Planning Strategies

Here we are, a week past the election, and it’s looking like the year 2000 all over again, with a long, drawn-out process until there is final certification of this election. Back then, it took a full five weeks for all of the legal process to play out….

The Problem with Unfiled Tax Returns for Southern California taxpayers

Recently, I saw some data on the US Census Bureau website that was both encouraging and troubling at the same time. I would imagine Southern California business owners who might face tax problems would be interested in seeing this: (Here is the page from which this is…

How COV-19 Affected Annual RMD for Southern California Retirees

With a third round of “stimmy” (as the kids say) hitting bank accounts for the past week, 90MM+ Americans (including some of us in Southern California) are once again flush with cash. It remains to be seen what this will do for the economy, but combined…

Being Financially Independent: Planning for the Future Starts Now

I’m going to stick with last week’s theme on being financially independent because I got some nice feedback. Before I get there, a quick word about the IRS for our friends in Southern California… Per Kiplinger, as of June 25, the IRS had a backlog of…

Offer In Compromise Mills And Other Tax Scams For Southern California Taxpayers To Avoid

Every year, the IRS releases their list of what they call “the dirty dozen”. (Apparently, the marketing gurus who work at the IRS think that if they give it a catchy name, maybe even a pop-culturey one, the people will pay more attention.) But aside from…

Three New Tax Implications for Buying or Selling a House in the Southern California Area

Sometimes real estate is more art than science. Because every homebuyer’s situation is nuanced from home to realtor to geographic location, there’s no cut-and-dried way to go about it, and that’s whether you’re investing, moving or selling. But…

David Barnes on Patterns and Habit, via Parable

Last week I wrote about worry, and this week … well, the summer is fully upon us, and as things get hotter, some days I come into the office and with the intensity of the heat causing sleepiness, I occasionally find myself a little stuck. Can you relate? You…

A Great Retirement Planning and Portfolio Tip for Our Southern California Friends

Can you believe it? Three weeks until the May 17th deadline! You’ll forgive me if visions of vacation and beaches are dancing through my daydreams. For many in Southern California, daydreams like these become more frequent while contemplating retirement (not…

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!