May 2019 Perhaps you’ve invested in an apartment building as a source of retirement income. Maybe you inherited a second home from a relative, and are debating whether renting the property is worth the trouble. No matter the size of your property, or the specifics of your goals or circumstances, the most important thing [...]
March 2019 The Tax Cuts and Jobs Act of 2017 raised the federal gift and estate tax exemption substantially. The Unified Gift and Estate Tax Exemption is now $11,400,000.00 per person for 2019 (for a total of $22,800,000.00 when combined for a married couple). This means that most revocable trusts accomplished before 2018 are antiquated [...]
Donning our N95 masks for another day in smoke-filled Santa Barbara, we watch in awe while more than 7,000 firefighters do battle with the Thomas fire as it continues to threaten our communities. Western Ventura County has been devastated by the loss of more than 900 homes (and counting). Neighborhoods at the east-end of Carpinteria, [...]
When real property changes hands, California imposes two separate taxes – the annual real property tax and a documentary transfer tax. The annual real property tax is reassessed to fair market value when a property changes ownership. The transfer tax allows a county or city, or both, to charge a tax when real property is [...]
BFAS partner, Trevor Large, was recently interviewed and quoted for an article in this week’s Pacific Coast Business Times. The article entitled ObamaCare Delay Complicates Outlook For Small Businesses discussed the recent delay in ObamaCare’s employer-provided insurance mandate. Mr. Large also spoke recently at a seminar in Ventura with Tolman and Wiker regarding the same [...]
As you have likely heard by now, the United States Treasure Department has indicated that it will delay the employer mandate portion of the Federal Healthcare Law. In short, that law provided that by Janurary 1, 2014, large employers (with over 50 full-time or full-time equivalent employees) must provide healthcare to their employees. Now, however, [...]
Seminar on "How to Make the Affordable Care Act More Affordable" at the Ventura Beach Marriott presented by Trevor Large, Debra Matlock, and Nadine Nelson. This event is to take place on July 11, 2013 from 10:00am-12:00pm.