Phone: (714) 538-1040            Email: greg@beck1cpa.com

Tag: Orange County Accounting Firm


Accrued Employee Bonuses May not Be Deductible When Accrued

Posted on November 19th, by Big Chief in Blog. Comments Off

In an IRS Legal Advice issued by Field Attorneys employee bonuses paid after year end (within 2 and ½ months) that are accrued as of the year-end could be deductible in the year paid instead of the year accrued.

Basically, if the amount is not fixed and the right to revoke or modify is present, the bonus accrued as of year-end would be deductible in the year paid.

This could remove a key deduction in your yearend tax planning!

If you are an accrual basis taxpayer and accrue employee bonuses at year end to be paid in the subsequent year, we recommend you consult with a tax advisor to make sure that your deduction is sustainable.



Press Release – New Website Launch

Posted on January 24th, by Big Chief in Blog. Comments Off

The Offices of Gregory W. Beck, CPA – A Professional Corporation Announce New Website Launch

Gregory W. Beck, CPA – A Professional Corporation recently launched a new and improved interactive website for its Orange County, CA-based accounting firm.

Located at http://www.beck1cpa.com, the new website makes it clear to visitors that the strength of Gregory W. Beck, CPA reaches well beyond the typical variety of financial, tax and accounting firm general services. Gregory W. Beck, CPA specializes in meeting the unique needs of non-public, closely held businesses through areas such as strategic business planning and part-time CFO Services.

“Greg has an impeccable reputation and provides a wide range of general and specialized tax skills – we wanted to showcase this range visually and make Greg’s vast experience the focal point of the site.” said Alex Ribble, owner of Digital Marketing Firm Big Chief Creative
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