Helping You Navigate Changing Tax Laws And Business Objectives
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About Us
PRO Accountancy assists our clients in achieving their best long-term financial results by helping them better manage their organizations and personal finances.
We are a small, professionally run CPA firm with decades of experience and reasonable fees. Our offices are in Newport Beach on Newport Center Drive and in Alameda on Marina Village Parkway.
George E. Reinhardt
Founder and President
Form 7203 S Corporation Shareholder Stock and Debt Basis Limitations
Starting with 2021 tax returns, Form 7203 replaces an unfiled worksheet for figuring a shareholder’s…
Your Questions Answered
Are you starting a new business venture and need help picking the right type of entity and launching your new company?
Take advantage of Qualified Small Business Stock that allows you and your investors to avoid paying capital gain taxes on income from future stock sales. Form a Subchapter S Corp and minimize your self-employment taxes. Pick the right type of entity that is best for your real estate investments.
Do you want to minimize taxes on the sale of your home, rental property, stocks or other assets?
Understand the rules behind the home sale gain exclusion, 1031 exchanges, and capital gain rates and recognition. Know what sales timing and investment strategy will minimize taxes and provide the greatest after-tax long-term return.
Do you want to minimize taxes on the sale of your home, rental property, stocks or other assets?
Understand the rules behind the home sale gain exclusion, 1031 exchanges, and capital gain rates and recognition. Know what sales timing and investment strategy will minimize taxes and provide the greatest after-tax long-term return.
Have you taken all the steps necessary to insure you have a secure retirement and a sound estate plan?
The numerous types of retirement saving programs available to employees and business owners have contribution rules that are complex and often confusing. There are so many options now available that only a detail consideration of your goals and current situation can provide a plan that will achieve your best long-term outcome.
Have you, and your business, received all the benefits that you are entitled to under the new and ever-changing federal and state tax laws.
Major tax law changes started with the Tax and Jobs Act of 2017. As taxpayers became familiar with these new rules, the Covid-19 pandemic hit. Congress’ response to the pandemic started with –
- The Coronavirus Preparedness and Response Supplemental Appropriations Act
- Families First Coronavirus Response Act (“FFRCA”), and
- The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).
The CARES Act was then continually amended and expanded. California also passed numerous pieces of legislation to in response to the pandemic and federal tax law changes. Will you, and your business receive all the benefits that you are entitled to under the continuing evolving federal and state tax rules?