Owning a medical practice changes everything about your taxes. A W-2 physician has one employer, one withholding, one straightforward return. Practice owners sit on the other side of the ledger: business income flows through the entity before it reaches you, payroll and quarterly estimates are your responsibility, and every structural decision — entity type, compensation, retirement design — moves the total tax picture. High income plus industry-specific deductions also draws

An ambulatory surgery center is a different tax animal from a medical practice. The facility typically has multiple physician owners, an entity taxed as a partnership, millions of dollars in equipment and build-out, and income that comes from facility fees rather than professional services. Each of those features carries its own tax treatment — and together they create planning opportunities and traps that surgical centers face and solo practices never see. Here is how the pi

Charitable giving is one of the few places where the tax code and generosity point the same direction — but only for people who structure the gift before writing the check. In 2026 the structure matters more than ever: new federal rules impose a floor on itemized charitable deductions and trim the deduction's value for the top bracket, which quietly penalizes the give-a-little-every-year pattern most households follow. For high earners especially, the structure of the gift no

For tech professionals, executives, and other high earners across Irvine and Orange County, restricted stock units are often the largest single line of compensation — and the most misunderstood at tax time. RSU taxes arrive in two separate stages, the default tax withholding is frequently too low for high-bracket employees, and one common brokerage reporting quirk causes people to pay tax on the same income twice. This guide explains how RSU income is actually taxed, where th

If you own a California S-Corp, partnership, or LLC taxed as either one, the pass-through entity tax election — the PTET — has quietly been one of the most valuable moves available to business owners since 2021. It is an IRS-acknowledged workaround to the federal cap on deducting state taxes, and California just extended it through 2030. But 2026 is also the year the automatic answer went away: federal law raised the SALT deduction cap, and for some owners the math has genuin

Ask a high-income business owner what frustrates them most at tax time and the answer is usually the same: the contribution limits on ordinary retirement accounts feel almost irrelevant at their income level. Maxing out a 401(k) barely dents a seven-figure profit. There is a category of retirement plan built for exactly this situation — the defined benefit plan — and for the right owner it allows annual pre-tax contributions that routinely reach into six figures. It is one of

The employee retention credit was one of the largest pandemic-era relief programs ever offered to American employers — and in 2026, it has become one of the most heavily scrutinized items in the tax system. The window to file a new claim is closed. The IRS enforcement window is very much open. For business owners who claimed the credit, the question is no longer “how much can I get?” It is “can my claim withstand an IRS audit — and what happens if it cannot?” This employee re

Stock options remain one of the most valuable — and most mishandled — forms of equity compensation for professionals across Irvine and Orange County. Unlike a salary, stock options create taxable events on your schedule: when you exercise, and again when you sell. Get the sequence right and much of your gain can be taxed at long-term capital gains rates. Get it wrong and you can owe ordinary income tax, trigger the alternative minimum tax, or quietly forfeit favorable treatme

If you own a construction company, you have probably experienced this: a major job closes out in December, the final invoice goes out, the payment hits in January — and suddenly your tax preparer tells you the entire profit on that job is taxable this year, even though most of the cash arrived next year. Or the opposite — you started a $2 million project in November, only finished foundation work by December 31, and now you owe tax on a profit that has not actually been earne

If you own a construction company, equipment is probably your largest annual capital expense. Excavators, skid steers, work trucks, trailers, scaffolding, generators, hand tools — every year you spend significant capital acquiring or replacing equipment to keep the business running. For 2026, the tax rules around how you deduct that equipment have changed significantly under the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025. This guide is a plain-English