We are a San Jose based full-service Silicon Valley CPA firm specializing in the needs of startups, closely held companies, their owners, and high net-worth individuals. We are hiring - send us your resume! You can log in to view or update your tax information at any time. All of your account information is secured using 256-bit SSL encryption, and we can give you access to your tax forms online.
Stay current with recent tax changes, news, and financial tips. We provide a newsletter monthly here on our site and via email so you can stay in touch with changing regulation throughout the year. Our calculators have been provided as a resource for you to help plan your financial matters.
Utilizing cutting edge technology, our mission is to be a premier provider of accounting, tax, auditing, and consulting services to our clients, while maintaining an uncompromised standard of ethics and commitment leading to innovative and value-added solutions to our clients, employees, and community.We are dedicated to the pursuit of professional excellence and these values dictate that we do so without compromise.
Stay current with recent tax changes, news, and financial tips. We provide a newsletter monthly here on our site and via email so you can stay in touch with changing regulation throughout the year. Our calculators have been provided as a resource for you to help plan your financial matters.
Utilizing cutting edge technology, our mission is to be a premier provider of accounting, tax, auditing, and consulting services to our clients, while maintaining an uncompromised standard of ethics and commitment leading to innovative and value-added solutions to our clients, employees, and community.We are dedicated to the pursuit of professional excellence and these values dictate that we do so without compromise.
Services
For years, Wubbels & Duffy CPAs RLLP has been providing quality, personalized financial guidance to local individuals and businesses.
Wubbels & Duffy CPAs RLLP's expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Wubbels & Duffy CPAs RLLP is one of the leading firms in and throughout San Jose.
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.
Wubbels & Duffy CPAs RLLP's expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning.
Wubbels & Duffy CPAs RLLP is one of the leading firms in and throughout San Jose.
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.
So what should I expect with the Tax Reform Act that was just pushed through in record time?
The Republican's stated objective was tax simplification, but many of the changes are really anything but that.
When you are granted Incentive Stock Options (ISOs), there is no tax effect for you.
When you exercise the options there is no addition to your regular taxable income.
HOWEVER (the big caveat), there is an addition to your alternative minimum taxable income.
Alternative minimum taxable income is a separate income tax calculation that includes certain items that the regular income tax calculation does not include.
The Republican's stated objective was tax simplification, but many of the changes are really anything but that.
When you are granted Incentive Stock Options (ISOs), there is no tax effect for you.
When you exercise the options there is no addition to your regular taxable income.
HOWEVER (the big caveat), there is an addition to your alternative minimum taxable income.
Alternative minimum taxable income is a separate income tax calculation that includes certain items that the regular income tax calculation does not include.
A. You may be able to have the penalties abated.
Whether it is the IRS, the California Franchise Tax Board, or some other state or city that has assessed the penalties, they will often accept your explanation of reasonable cause as justification to remove penalties that have been assessed.
In most cases, a well-written letter with relevant supporting documentation showing a reasonable explanation of why tax returns were filed late or why taxes were paid late will help to mitigate penalties.
A. What a difference a day makes!
Whether it is the IRS, the California Franchise Tax Board, or some other state or city that has assessed the penalties, they will often accept your explanation of reasonable cause as justification to remove penalties that have been assessed.
In most cases, a well-written letter with relevant supporting documentation showing a reasonable explanation of why tax returns were filed late or why taxes were paid late will help to mitigate penalties.
A. What a difference a day makes!
Many individuals - lacking the experience and expertise necessary to administer an estate or trust properly - have no idea of what this responsibility involves.
Help may not, and probably should not, come from the attorney who prepared the will or trust because of the potential conflict of interest and ethical problem associated with the question of who they represent - the fiduciary, the estate or trust or the surviving spouse.
CPA's, because of their extensive business and technical background, are in a unique position to provide professional services to individual fiduciaries.
Help may not, and probably should not, come from the attorney who prepared the will or trust because of the potential conflict of interest and ethical problem associated with the question of who they represent - the fiduciary, the estate or trust or the surviving spouse.
CPA's, because of their extensive business and technical background, are in a unique position to provide professional services to individual fiduciaries.
There are many ways to resolve disputes.
Using the judicial system, parties file an action in court and proceed down the legal maize with discovery and litigation.
This is costly, time consuming and adversarial in nature.
Alternatively, the California Code of Civil procedure section 638 (l) allows for the appointment of a "general referee" who is retained essentially as a private judge upon the mutual agreement of the parties to serve in place of the Superior Court Judge.
California law authorizes a general referee "To try any or all of the issues in an action or proceeding, whether of fact or law, and to report a statement of decision thereon."
Using the judicial system, parties file an action in court and proceed down the legal maize with discovery and litigation.
This is costly, time consuming and adversarial in nature.
Alternatively, the California Code of Civil procedure section 638 (l) allows for the appointment of a "general referee" who is retained essentially as a private judge upon the mutual agreement of the parties to serve in place of the Superior Court Judge.
California law authorizes a general referee "To try any or all of the issues in an action or proceeding, whether of fact or law, and to report a statement of decision thereon."
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