Welcome to Eric M Hunt, CPA
The glamorous life of Hollywood actors often overshadows their careers and financial wealth. If you want to stay in your career longer, you should also focus on financial management. Most of the time, actors are busy with their auditions and performances, and they don’t have time or skill to manage their finances, and it is […]
Gratuity is a financial benefit that is provided by employers to employees as a token of appreciation for their long-term service. It is a common practice in many industries where employers reward employees for their loyalty and dedication. Now, one question comes to everyone’s mind: Do you pay tax on gratuity? This blog provides a […]
Tax planning is critical to achieving financial success if you are a high-income earner. Higher earnings mean higher tax liabilities. But with the right strategies, you can minimize your tax burden, which will help you keep more of your hard-earned money. This blog will explore effective tax planning strategies for high-income earners. Here, we will […]
Tax reporting can be challenging if you work in the entertainment industry and with talent agents. Whether you’re an actor, model, musician, or any other performer, sharing your payments report to talent agents on your tax return is crucial to staying compliant with the IRS. Here, we will learn how do i report talent agents […]
Understanding the tax implications is very important for your business’s financial health. Starting a Limited Liability Company (LLC) in California can be a crucial venture because of high taxes. In this blog, we will tell you how much will your LLC get taxed in California. There are different types of taxes for LLCs you can […]
Entrepreneurs choose a Limited Liability Company (LLC) in California for their business because it offers flexibility, liability protection, and tax benefits. However, one of the main advantages of an LLC is having multiple owners, known as members. In this blog, we will learn how to have multiple people on a California LLC. If you want […]
The Financial Crimes Enforcement Network has announced a 30-day filing delay for Beneficial Ownership Information reports following the lifting of a nationwide injunction. This development is crucial for businesses and tax professionals navigating the complexities of compliance under the Corporate Transparency Act (CTA). What Happened? In a significant update, FinCEN has lifted the injunction that […]
If you own a business in California, then filing a Statement of Information (SOI) is very important to maintain compliance with the state. Whatever business you are running, whether it is an LLC, corporation, or other business entity, the SOI ensures that the California Secretary of State has up-to-date information about your business. In this […]
If you want to dissolve an LLC in California, you must follow specific legal steps so that you can avoid unnecessary fees and liabilities. If you’re going to close your limited liability company, then we have created a step-by-step guide on how to dissolve an LLC in California that will walk you through the process. […]
Starting a sole proprietorship in California is one of the simplest ways to start a business. This structure offers complete control to the owner with minimal regulatory requirements and straightforward tax reporting. If you are an entrepreneur looking to establish your business, then follow this step-by-step guide on how to start a sole proprietorship in […]
