Affiliations
a member of the AICPA

"The deepest principle in human nature is the craving to be appreciated."
William James


 

HCVT Ranked 6th largest in Los Angeles
HCVT is proud to announce that the Los Angeles Business Journal (LABJ) has ranked our firm the 6th largest in the Los Angeles area. We also wanted to share both the tax article "Going Green Yields Big Tax Breaks" by Blake Christian and our ad that was featured in this week's LABJ issue.

 

Forbes "Insult to Injury" Article quoted by: Andy Torosyan

 

Two recent AICPA articles by Blake Christian addressing the Presidential Candidates’ Tax Platforms and the heavy economic burden (and tax reduction opportunities) associated with State and Local Taxes (SALT).

 

10 minute California Restaurant Association Hiring & Equipment Credit Podcast including interview of HCVT Tax Partner, Blake Christian

 

CNN "Don't miss out on overlooked tax credits" Article quoted by: Shawn Marchant
Are you missing out on R&D credits?

 

WebCPA "A Humongous Win-Win" Article quoted by: Blake Christian & Shawn Marchant
Specialized tax savings engagements have incredible appeal because clients can achieve immediate financial benefits greater than the fees charged.

 

LA Times "L.A. Unified tells teachers to refund overpayments" Article quoted by: Patty O'Connell
The district paid about $53 million too much to 36,000 workers. They are given until Dec. 10 to decide whether to pay or fight.

 

HCVT Named as One of the Top 25 Best Managed CPA Firms in the U.S.
The HCVT partners are very proud to share the fact that HCVT has been named as one of the best managed CPA firms in the country – for a second year in a row.

 

The Wall Street Journal "Collecting Bills? Put Your People Skills to Work
Featured in Article: Carol Frischer

 

Eco-Friendly Tax Benefits
AICPA/ CPA2BIZ "Tax Insider" Article by: Blake Christian
The Green Movement is now firmly entrenched in the majority of business plans.

 

LA Times "Look out for tax hit after home loss" Article quoted by: Philip J. Holthouse
The tax complexities of the foreclosure process are analyzed.

 

AICPA Taking a Tax Bite Out of Meal Article by: Blake Christian
One frustration encountered annually (and possibly quarterly) by CFOs and shareholders involves the realization that 50 percent to 100 percent of certain meals, entertainment and other related expenses are non-deductible and will increase taxable income, decrease cash flow and increase their effective tax rates.

 

AICPA Incentive Tax Credits Article by: Blake Christian and Chuck Swenson
Over 80 percent of location-based tax credits are overlooked by taxpayers, tax preparers and CPAs. Some of these credits are large enough to eliminate your clients' tax liabilities.

 

HCVT Ranked Top Firm in Southern California and Number 42 in the Nation
Holthouse Carlin & Van Trigt LLP (HCVT), a full service CPA firm with offices in Santa Monica, Westlake Village, Encino, Pasadena, Long Beach and Irvine has again been ranked as the top CPA firm headquartered in Southern California by Accounting Today, a national trade journal focused on the CPA industry. Accounting Today annually ranks the Top 100 CPA firms in the country based on annual revenue, growth rates and other factors.

 

HCVT Adds Four New Partners
Santa Monica-based Certified Public Accounting Firm, Holthouse Carlin & Van Trigt LLP (HCVT), the largest CPA firm headquartered in Southern California, has recently added four new partners to its staff.

 

HCVT Receives National and Local Awards While Adding a Sixth Office
Santa Monica-based Certified Public Accounting Firm, Holthouse Carlin & Van Trigt LLP (HCVT), received two significant awards this month. On a national level, HCVT was bestowed a "Best of the Best" award as one of the Top 25 "Best Managed CPA Firms" in the United States by INSIDE Public Accounting (IPA), a national trade publication.

 

Enterprise Zone Credits Offer Businesses Tax Breaks That Make a Difference
Location-based incentive credits (LBICs) offer many advantages, including current and prior year refund potential and favorable financial statement impact. According to the Franchise Tax Board, only 3,199 companies claimed hiring credits in 2003 (the most recent statistics available), representing less than 10 percent of potential eligible businesses.

 


HCVT is listed on Accounting Today's 2007 list of Top 100 Firms(2.9MB) and 2007 list of Top 25 Best Managed Firms(753KB).

Tax Update Articles

  Housing Assistance Tax Act of 2008 Adds $15.1 Billion in Tax Incentives; Broad-Based Offsets
In an unusual Saturday session on July 26, Congress passed a sweeping housing assistance package, the Housing and Economic Recovery Bill of 2008, which includes a tax title - the Housing Assistance Tax Act of 2008 - providing $15.1 billion in tax incentives principally targeted to home ownership and affordable housing. Soon thereafter, on July 30, President Bush signed the housing bill. Although the tax provisions represent only a portion of the larger housing bill, they make significant changes. They also not only affect the housing industry. Those retail businesses, vacation/rental property owners and others directly affected by the tax increases needed to pay for all of the new housing tax incentives are especially hard hit.

Debt forgiveness income: The big three - credit cards, car loans and mortgages
Generally, debt that is forgiven or cancelled by a lender must be included in your taxable income. Debt that a lender discharges or cancels is referred to as debt forgiveness income or cancellation of debt income ("COD" income). A lender's cancellation of debt will typically result in income to the borrower unless a specific exception under Internal Revenue Code Sec. 108 applies.

How Do I? Figure the first-time homebuyer tax credit under the Housing Assistance Tax Act of 2008?
The just-passed Housing Assistance Tax Act of 2008 gives a boost to individuals purchasing a home for the first time with a first-time homebuyer tax credit. The new credit is not only intended to benefit individuals and married couples, but extends to all co-owners who purchase a home together. This article explains how to determine the credit for eligible first-time homebuyers.

August tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of August 2008.

FAQ: What's the difference between an HSA, FSA and HRA?
To ease the pain of the ever-escalating costs of healthcare, many employers provide certain tax-driven health benefits and plans to their employees. To help employers understand the differences and similarities among three popular medical savings vehicles - health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) - here's an overview.


HCVT clients are able to access the worldwide resources of Moore Stephens International Limited. More Info
HCVT is a member of the following: California Chamber of Commerce, Los Angeles Chamber of Commerce and Long Beach Chamber of Commerce.
Year-end Tax Planning Guide
Download a free on-line tax planning guide for individuals, investors, and businesses.

Federal Alerts

Housing Tax Bill now law; extenders, second stimulus package and more under consideration

Congress, IRS, prosecutors crack down on offshore tax evasion

IRS reduces extension period for filing partnership, estate and trust returns

IRS creates "bright-line" test for counting child's nights in divorce situations

Repayments to wife carry no presumption of constructive dividend to shareholder-husband

California Alerts

CA - Expedited refunds available to wildfire victims

 


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Top photo credit: LBACVB ©1998 John Robinson