With year-end approaching, it is time for business owners and managers to think about moves that may help lower your company’s taxes for this year and next. For information on strategies that may be helpful with your personal taxes, see our article on year-end tax planning for individuals.

We have compiled a list of actions that may help you save tax dollars if you act before year-end. Contact us to identify specific actions for your business.

When a dispute arose about internet domain names in Africa, with a South African nonprofit and 55 nations locked into a decade-long legal battle with a Walnut Creek, California, entrepreneur, where did it end up in court? In Los Angeles, of course.

For countless businesses across the nation, the COVID-19 pandemic, and the resulting shutdowns, restrictions, and mandates aimed at slowing the spread of the disease, created more economic damage than any hurricane, earthquake, or other disasters they had experienced.

Judges typically use a restrained, neutral style when writing their opinions. So Duane Farrant may have realized things were not going well with his appeal when he read the very first words of the appellate court’s decision: “This case serves as a textbook example of how a fiduciary should not proceed.”

When a married couple in California purchases a home or other asset, a provision of the Family Code says it is presumed to be community property. But what if the home is purchased with only one spouse’s funds and title is not jointly held? A different law may come into play – and sometimes the two statutes are in direct conflict.

It’s common for estate planning strategies to include making gifts to children or other heirs of partial interests in real property or other assets. This can be an effective way to help beneficiaries and reduce estate taxes. But it can also have a serious downside if a gift or bequest inadvertently triggers “change in ownership” or "change of control" rules.