Sam Dillencourt is a licensed Certified Public Accountant through the State of California. He also holds an MS in Taxation from California State University, Fullerton. If you are looking for a knowledgeable, friendly, and affordable CPA who cares about his clients and wants to help them succeed, then contact Sam today. Let's become successful together.
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Having a strong relationship with a good CPA should be a big part of your overall plan to get ahead in life.
Sure, CPA's know how to do taxes.
I've had clients in all walks of life: Commercial real estate brokers, entrepreneurs, lawyers, teachers, executives, you name it.
Employees, self-employed people, rental property owners, Airbnb owners, stock traders, Uber drivers, expats, partners in prestigious firms and people who are just barely getting by.
But having a CPA is about more than just paying somebody to do your taxes for you.
Sure, CPA's know how to do taxes.
I've had clients in all walks of life: Commercial real estate brokers, entrepreneurs, lawyers, teachers, executives, you name it.
Employees, self-employed people, rental property owners, Airbnb owners, stock traders, Uber drivers, expats, partners in prestigious firms and people who are just barely getting by.
But having a CPA is about more than just paying somebody to do your taxes for you.
There is something uniquely rewarding about having an idea, turning it into a business, and making it grow.
Nothing about being a small business owner is easy, but the payoff is worth it.
My bread and butter has always been working with small business owners and entrepreneurs.
Running a business is challenging, and I find that business owners really appreciate it when they have a CPA who cares about their success and can act as a trusted adviser.
Whether you are just starting out, thinking about hiring that first employee, trying to figure out how to supercharge your growth, or thinking about selling your business, I can help you succeed.
Nothing about being a small business owner is easy, but the payoff is worth it.
My bread and butter has always been working with small business owners and entrepreneurs.
Running a business is challenging, and I find that business owners really appreciate it when they have a CPA who cares about their success and can act as a trusted adviser.
Whether you are just starting out, thinking about hiring that first employee, trying to figure out how to supercharge your growth, or thinking about selling your business, I can help you succeed.
Investing in real estate is one of the very best methods to secure your retirement.
Having a 401(k) and some liquid retirement assets is very important, but at the end of the day there is very little that provides the same retirement security as a good rental property which generates consistent cash flow.
Fortunately, the tax code is very kind to real estate investors, and typically rental properties will produce a loss for tax purposes even if they are producing positive cash flow.
This is because of depreciation, which is a real estate investor's best friend.
Having a 401(k) and some liquid retirement assets is very important, but at the end of the day there is very little that provides the same retirement security as a good rental property which generates consistent cash flow.
Fortunately, the tax code is very kind to real estate investors, and typically rental properties will produce a loss for tax purposes even if they are producing positive cash flow.
This is because of depreciation, which is a real estate investor's best friend.
Owing money to the IRS can be terrifying.
I know because I have seen it first hand.
I have had clients who haven't filed taxes in 10+ years, or who owe hundreds of thousands of dollars to the IRS.
Having these kinds of problems places an enormous strain on their physical and emotional well being.
When you don't have this part of your life handled, you are living in a state of constant fear.
There is a good reason for this.
The good news is that it doesn't need to be this way.
The IRS is actually extremely reasonable if you demonstrate that you are acting in good faith and trying to do the right thing.
I know because I have seen it first hand.
I have had clients who haven't filed taxes in 10+ years, or who owe hundreds of thousands of dollars to the IRS.
Having these kinds of problems places an enormous strain on their physical and emotional well being.
When you don't have this part of your life handled, you are living in a state of constant fear.
There is a good reason for this.
The good news is that it doesn't need to be this way.
The IRS is actually extremely reasonable if you demonstrate that you are acting in good faith and trying to do the right thing.
Over the past several years, I have acquired a number of clients who buy homes, fix them up, and sell them for a profit.
Needless to say, this is an extremely risky activity, but several of my clients have been generating very good ROI's and I expect that this will continue to be a growth area for the foreseeable future.
There are also a number of tax traps that are specific to house flipping, and so I thought I'd put some information up here.
Note that these are general observations of mine, and if you are in the business of flipping homes you really need to be working with a CPA who has some expertise in this particular area and should not try to do your taxes yourself.
Needless to say, this is an extremely risky activity, but several of my clients have been generating very good ROI's and I expect that this will continue to be a growth area for the foreseeable future.
There are also a number of tax traps that are specific to house flipping, and so I thought I'd put some information up here.
Note that these are general observations of mine, and if you are in the business of flipping homes you really need to be working with a CPA who has some expertise in this particular area and should not try to do your taxes yourself.
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