Taxes

Income Tax Preparation Made Simple for Individuals and Businesses

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Tax Tip:

For 2025, a taxpayer’s total contribution to all their traditional and Roth IRAs can be up to $7,000 and $8,000 for taxpayers 50 or older. IRA contributions can be made for 2025 by April 15, 2026.

Business Tax Tip:

A single- member LLC is generally shielded from personal liability for debts associated with the business. If an LLC only has one member and does not elect to be treated as a corporation, it is classified as a disregarded entity as separate from its owner.

An LLC doing business in California must file Form 568, Limited Liability Company Return of Income with their California tax return.

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