Welcome to Eric M Hunt, CPA
Most working actors pay more tax than they should every year. Not because they earn too much, but because no one ever showed them what they are allowed to deduct by law. Studies of self-employed creative workers show the same thing: many lose hundreds, even thousands, of dollars each year by missing deductions that were […]
Every year, thousands of California taxpayers lose their money because they choose the standard deduction and don’t have proper records of their spending. On the other hand, some people spend hours collecting receipts for itemized deductions, but they are unable to save the money they would save with the standard deduction. It is not easy […]
When people try to save on taxes, they usually think first about deductions. But in reality, California tax credits are where many people leave money on the table. I have seen many cases where someone files everything correctly, reports all income, even claims a few deductions, but still ends up paying more than they should […]
If you have ever felt like your tax bill in California is higher than expected, you are not alone. But in many cases, the issue isn’t just high tax rates – it’s that people don’t claim everything they are allowed to. From what I have seen, most taxpayers don’t intentionally skip deductions. It usually happens […]
The Working Families Tax Cut Act introduces aggressive, labor-focused tax incentives designed specifically to benefit wage earners subject to standard hourly compensation structures and those heavily reliant on gratuities. These provisions, widely referred to in legislative discourse as “No Tax on Overtime” and “No Tax on Tips,” require exact execution and exhaustive documentation by both […]
The engagement and compensation of independent contractors form the operational backbone of the modern entertainment and media production industries. Corporations, Limited Liability Companies, and individual producers routinely disburse nonemployee compensation to vast networks of specialized personnel, ranging from set designers, lighting technicians, and acoustic engineers to independent creative talent and post-production consultants. Historically, the Internal […]
Filing your California state tax return online sounds simple – until you actually sit down to do it. You open a portal, see multiple forms, different numbers than your federal return, and suddenly, you are second-guessing everything. Most people do not struggle because filing is hard – they struggle because they do not know the […]
If you live, work, or do business in California, the California State Income Tax Guide for 2026 is a must-have. California has one of the most progressive and complex tax systems in the United States. So it is very hard for everyone to understand all the tax rules and regulations. That is why we have […]
Internal Revenue Code Section 199A provides a potent mechanism for reducing the effective tax rate applied to ordinary income generated by pass-through entities. The statutorily defined Qualified Business Income (QBI) deduction allows eligible non-corporate taxpayers to deduct up to twenty percent of their qualified business income, effectively shielding a fifth of business profits from top-tier […]
The One Big Beautiful Bill Act (OBBBA) has upheld significant changes to meal and entertainment deductions that will take effect on January 1, 2026. If your business regularly provides in-office meals, breakroom snacks, or operates an employee cafeteria, you must adjust your tax planning and accounting procedures before the end of the current year. Below […]
