Orlando CPA's & Associates

M.W. Orlando CPA, Inc. is honored to receive The Clutch Award for Top Accounting Firms in California 2022. We continually strive to provide our valued clients with the best accounting and tax services. Thank you for taking us to the top!

Thanks to our amazing clients for helping us earn the top honor of Expertise's "Best Accountants in San Diego"!
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Unless you've been planning for 2021 taxes all year, it's time to take actions that can reduce your IRS obligation
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Don't Wait Until December: Year-End Tax Actions You Should Take Now Unless you’ve been planning for 2021 taxes all year, it’s time to take actions that can reduce your IRS obligation.

Looking for a new job? Here is a great article to let you know if your job hunting expenses are deductible.

Are Your Job Hunting Expenses Deductible? - M. W. Orlando CPA, Inc. The search for a new job can be time consuming -- and expensive. The good news is that you may be able to deduct some job hunting expenses on your federal income-tax return.

This is the time of the year to really start focusing on tax planning. Here is a great article to give you some ideas on how to reduce your tax liability. Give us a call and ask about more ways to reduce your tax liability and do some fantastic tax planning.

How to Reduce Your Tax Liability - M. W. Orlando CPA, Inc. You probably don’t want to pay more income tax than you absolutely have to. But taxpayers often overlook planning techniques that could reduce the amount they owe Uncle Sam. If lowering your tax bite is one of your objectives, consider taking advantage of common year-end tax planning strategies that...

ABOVE THE LINE DEDUCTIONS YOU SHOULD KNOW ABOUT

M. W. Orlando CPA, Inc. Any deductible expense is useful because it reduces the amount of income subject to tax. But for individual taxpayers, deductions that can be claimed in arriving at adjusted gross income (AGI) -- referred to as "above-the-line" deductions -- are especially significant. By lowering AGI, above-the-lin...

ARE THERE DEDUCTIONS FOR MORTGAGE LOAN POINTS?

M. W. Orlando CPA, Inc. You just bought a house and paid one "point" on your home loan. A point, which is the interest lenders charge up front, is 1% of the mortgage loan amount. If you itemize your income-tax deductions, points are deductible.

ARE THERE CONSEQUENCES OF A YEAR END BONUS IN A C CORPORATION?

M. W. Orlando CPA, Inc. When your C corporation has a profitable year, do you take more salary or pay yourself a year-end bonus? Since you are pivotal to your company’s success, paying yourself more in the good years only makes sense. Increasing or decreasing your compensation from year to year based on company performance...