Since 1993, we have provided tax, accounting, bookkeeping, and consulting services to individuals and businesses located predominately in Southern California, although we have clients all over the country. Our CPAs started their careers at Big 4 accounting firms and have over 30 combined years of experience, hold advanced degrees in taxation and certifications in financial planning.
We have specialized knowledge in a variety of industries and all aspects of taxation, from individuals to corporations. Our mission is to support individuals and businesses at every stage in their life cycle by providing services of the highest quality at a reasonable price, building long-term relationships that result in the opportunity for in-depth planning and partnership.
In all areas, we are guided by our strong personal ethics in addition to the code of conduct established by our profession. We believe that our fiduciary duty is to you as our client and we pride ourselves in going above and beyond to ensure this duty is met.
We have specialized knowledge in a variety of industries and all aspects of taxation, from individuals to corporations. Our mission is to support individuals and businesses at every stage in their life cycle by providing services of the highest quality at a reasonable price, building long-term relationships that result in the opportunity for in-depth planning and partnership.
In all areas, we are guided by our strong personal ethics in addition to the code of conduct established by our profession. We believe that our fiduciary duty is to you as our client and we pride ourselves in going above and beyond to ensure this duty is met.
Services
For years, M. Blank & Company has been providing quality, personalized financial guidance to individuals and businesses.
M. Blank & Company's expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
M. Blank & Company's expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
M. Blank & Company provides a wide range of services to individuals and businesses in a variety of industries.
At M. Blank & Company, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At M. Blank & Company, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At M. Blank & Company, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At M. Blank & Company, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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