A good friend recently shared with me how his father was broke as he gave his last $25,000 to individuals who preyed on his elderly condition.  My mother today still gets as much mail as I do from past organizations…Read more

In addition to auditing returns, The Internal Revenue Service (IRS) also regularly corresponds with us when they cannot match or identify certain deductions or income.  Sometimes it may be easier or more efficient to file an amended return versus corresponding…Read more

Small businesses have a long track record of providing a beneficial economic force in America. The entrepreneurial spirit that drives the success of small business ventures continues to burn brightly, even in light of the present day market volatility. Small…Read more

We are proud to announce Romero & Associates, LLP has now merged with GYL Decauwer, LLP – two top accounting firms with a great reputation for management consulting, as well as audit, accounting, and tax services. GYL Decauwer was selected…Read more

In business it aint always what it seems to be regarding taxes, deductions and perception. 10 things to watch! 1. Big tax refunds Good or Bad? We all are greedy and are enticed by riches. Sometimes preparers inflate deductions and…Read more

Paying workers as contractors 1099s versus wages employees is an age old problem IRS (federal) and EDD (the state) have been chasing for years. EDD seems to have been more aggressive than IRS performing several audits and assessing many companies.…Read more

There is not a yes or no answer to this question. Based on a recent estimate, 17 percent of taxes went unpaid, totaling $450 billion according to a recent IRS study released. This data actually dates back to 2006, but…Read more

Avoiding an IRS Audit May Not Be So Easy For Top Earners There are things that make us more likely to be audited by the IRS. Apparently being a millionaire is one of them. 12 % of these returns were…Read more

There is normally an energy when new team members join a company. No baggage and a fresh perspective. There is also the excitement of the unknown and unrealized potential. Most of us are quick to hire and slow to fire,…Read more

We all like to start a New Year with a clean slate. While not always possible it does feel good. There is a saying  to make room for the new we must get rid of the old.  How many old…Read more