Posts by Peter Soh

Alternative vehicle tax credits

Please check out the IRS website for the alternative vehicle credits.  There are credtis for hybrids, electric, clean diesel, fuel cell vehicles.  Keep in mind depends on quotas.  Talk with your tax advisor to see if the quota has been met for that vehicle.  Credits seem to be best on electric vehicles. Credits range from $500 to $4,000.,,id=202341,00.html
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Hiring a tax professional

I get this question quite a bit at various meetings with people.  The statistics say that 70% of people here in the US utilize a tax professional.  It used to be 99% before Turbotax.  I have reviewed many returns from Turbotax, I have found only one or two that I would consider utilized the full power of the software.  Most people do not have a clue about  taxes and Turbotax won’t make you a tax
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Welcome to Advise LLP

This blog will provide interesting and current news and research topics in the world of taxes, accounting, financial, and other issues that help small businesses grow and overcome obstacles. Peter Soh is an established CPA with a boutique CPA firm catering to small growth companies in the Los Angeles area.  He has spoken at UCLA, USC, local chapters of the SBA.  He has written articles for Fortune magazine.  Most of all, he prides himself on
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