◈ Homepage — http://www.advisellp.com/Skip to content SERVICES NEWS ABOUT US CONTACT CALL (888) 860-8810 Advise LLP is a CPA firm offering COMPREHENSIVE & INDIVIDUALIZED TAX AND FINANCIAL SERVICES Linkedin Twitter Facebook INDIVIDUALS Tax & Accounting for Individuals. IRS & FTB Audit Representation. Entertainment Industry Professional Tax Services. LEARN MORE Tax preparation and review services Tax planning and consulting Federal and state audit representation Financial planning Risk management review Estate planning Immigration tax compliance Expatriate tax compliance Entertainment industry professional services SMALL BUSINESS Tax & Accounting for Small Business. IRS & FTB Audit Representation. LEARN MORE Tax preparation and review services Business entity design Accounting setup / design / review Payroll tax compliance Business and tax consulting Business succession planning Business formation and planning CORPORATIONS Tax & Accounting for Corporations. IRS & FTB Audit Representation. Transfer Pricing. R&D Tax Credit. LEARN MORE Financial statement review and preparation Tax provision review and preparation International tax compliance R&D tax credit studies Transfer pricing studies AdviseLLP helped us save tax savings with a highly innovative approach. They continue to be on the leading edge of tax consultants. C Hsu Medi.com Peter Soh has been my CPA since 2008. When I met with him, I was starting finishing school and working on my business concept. Peter provided me great advices, critical information related to taxes, up-to-date explanations about business structures, great suggestions for foreign entrepreneurs ... Jean-Marc Dedeyne For 11+ years, Peter and his team at Advise LLP are my go to people for my personal and business taxes. He's wonderfully patient and never ceases to amaze me on how up to date he is with all of the changing tax codes year after year. Best of all, Peter explains the tax process in a way that ea... Mauricio Osorio AdviseLLP helped us save tax savings with a highly innovative approach. They continue to be on the leading edge of tax consultants. C Hsu Medi.com Peter Soh has been my CPA since 2008. When I met with him, I was starting finishing school and working on my business concept. Peter provided me great advices, critical information related to taxes, up-to-date explanations about business structures, great suggestions for foreign entrepreneurs ... Jean-Marc Dedeyne Previous Next RECENT ARTICLES 5 Common Tax Questions May 6, 2026 Savvy Tax Planning Measures for Smart Business Owners April 23, 2026 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing April 9, 2026 TO RECEIVE THE LATEST NEWS Subscribe To Our Monthly Newsletter Email Address First Name Last Name SUBSCRIBE Monday – Friday  8:00am – 5:30pm (Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook QUICK LINKS Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit RECENT POST 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All Rights Reserved. Privacy Policy.​  Website Design By IMO MEDIA INC. This website uses cookies to ensure you get the best experience on our website. GOT IT ◈ Interior Pages — 15 pages crawledNews - Advise LLP Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 News IRS 5 Common Tax Questions Read More » May 6, 2026 Tax Planning Savvy Tax Planning Measures for Smart Business Owners Read More » April 23, 2026 Filing Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing Read More » April 9, 2026 Filing The IRS is Going Digital — Here’s What You Need to Know Read More » March 26, 2026 Filing Fact or Fiction: The Truth About Common Tax Misconceptions Read More » March 12, 2026 OBBBA Trump Accounts: What to Know + How to Get Started Read More » February 25, 2026 OBBBA How Does The New Child Tax Credit Impact Your Taxes? Read More » February 11, 2026 Laws How the OBBBA Helps Save on Business Taxes Read More » February 3, 2026 IRS Are Big Tax Refunds on the Horizon in 2026? Read More » February 3, 2026 IRA 5 Common Tax Mistakes Read More » December 30, 2025 Uncategorized Lower Your Retirement Taxes With a Qualified Charitable Distribution (QCD) Read More » December 18, 2025 Tax Return An End to Income Taxes? Read More » December 4, 2025 IRA IRS Announces Increased Retirement Account Limits For 2026 Read More » November 20, 2025 QBI Deduction Qualified Business Income (QBI) Deductions Read More » November 6, 2025 IRS IRS Releases 2026 Tax Brackets, Standard Deductions & Inflation Adjustments Read More » October 23, 2025 Load More Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! R&D Tax Credit Experts - Research & Development - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 R & D Tax Credit Advise LLP provides R&D federal and state tax credit services. Advise LLP helps review and determine qualified R&D expenditures, perform the federal and state credit calculation using the most appropriate method, and develop R&D accounting and documentation. Call us at (888) 860-8810 You may already qualify for R&D credits Advise LLP provides R&D federal and state tax credit services. These credits are incentives to improve innovation and encourage risk-taking for companies that do business in the United States. In general, a 13% return on investment can be obtained for qualified R&D expenditures. This means that a company that spends $100,000 in any given year on qualified R&D expenses, can capture $13,000 of R&D tax credits to reduce its taxes. In most cases, Advise LLP can help determine uncaptured qualified R&D expenditures. R&D tax credits are a dollar for dollar benefit and can instantly reduce federal and state taxes and improve cash flow. Credits are open for a span of three to four years, and amended tax returns may be filed to claim credits not previously determined. Advise LLP helps provide services to review and determine qualified R&D expenditures, perform the federal and state credit calculation using the most appropriate method, and develop R&D accounting and documentation. We document the credits and have defended the credits with the appropriate taxing authorities. R&D activities can include the following: Develop prototypes Improve processes, techniques, formulas Design tools, jigs, molds, & dies Develop and apply for patents Conduct testing Utilize new materials Integrate, design, and modify new equipment Develop and improve production and manufacturing processes Develop software Improve new manufacturing facilities Automate and streamline internal processes Expend resources on outside contractors for above activities Utilize rental equipment for above activities Procure supplies for above activities Industries that qualify include entertainment, aerospace, manufacturing, software, engineering, agricultural, retail, distribution, consulting, and many other businesses. What our customers have to say Advise LLP helped us review multiple years for R&D tax credits and was able to deliver on documented R&D tax credits. David B and Tim H Advise LLP helped advise us on our R&D tax credits and enterprise zone tax credits and got us over $35,000 of refunds. P Wong To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Savvy Tax Planning Measures for Smart Business Owners - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Savvy Tax Planning Measures for Smart Business Owners Tax Planning Date 23.04.26 If you’re like most small business owners, you’ve already got a lot on your plate. And taxes are just one more item on a never-ending to-do list. Moreover, with a tax return only due once a year, it’s easy to let this vital task fall off your radar. Here’s the problem with this approach — When tax time arrives, your best opportunities for money-saving tax deductions are already long gone. Meanwhile, business owners who consistently pay less aren’t guessing. They have a plan, which they’ve been following diligently throughout the year. The good news is that you can borrow this plan to reduce sticker shock when your annual tax bill arrives. Here’s what you need to: Balance Your S-Corp Salary If you pay taxes as an S-corp, the salary you pay yourself matters more than you might realize. Too low, and you invite IRS scrutiny. Too high, and your payroll taxes are likely to be enormous. Industry benchmarks, profitability, and documentation support the right pay rate. Be sure to review this data annually and make adjustments accordingly. Follow an Accountable Tax Plan This is such a simple and effective measure, yet it’s so widely overlooked. Following an accountable plan means you reimburse yourself for business expenses, including your home office, mileage, cell phone, internet, and the like, without those reimbursements being treated as taxable income or triggering payroll tax. This approach ensures tax-free reimbursement of legitimate business expenses, reducing your annual tax bill. Time Your Income and Expenses Does your business mostly receive payment in cash? If so, you have much greater flexibility with reporting and classifying your income. You have the option to defer income to next year while pulling expenses forward into this year. In years with particularly inconsistent income, such timing-conscious measures can help keep your tax strategy aligned with your cash flow rather than working against it. Max Out Your Retirement Contributions While planning for retirement is critical, tax-deferred retirement plans are one of the most powerful tax tools available to you right now. A Solo 401(k) or SEP IRA can shelter tens of thousands of dollars from taxation. Contributions to these accounts can, dollar for dollar, reduce your taxable income. And if you’re a high earner, you may have access to even more aggressive structures. The right choice depends on your situation, not just on which account is easiest to set up. Reevaluate Your Entity Structure An LLC is a legal structure. In contrast, an S-Corp is a tax election. It’s important to note the differences between the two. In most cases, an S-corp can significantly reduce self-employment taxes. But not always. Shifts in your income level, margins, and growth trajectory could warrant a change in entity. You should review these factors on an annual basis. Businesses often change from year to year, and it’s easy to lose sight of these transitions when you’re consumed with daily operations. Stay Current on Estimated Taxes It’s tempting to ignore and easy to underpay on your quarterly estimated taxes. But the resulting penalties are cumulative, which can add up to an unpleasant surprise. Fortunately, the tax code’s “safe harbor” rules can shield you from such penalties if you plan correctly. The goal isn’t precision but rather predictability. And following a system is better than scrambling to catch up. Keep Clean, Consistent Records The IRS is much better at noting discrepancies between 1099s, K-1s, and what’s actually reported on your return. And they’re sending notices much faster than in the past. To avoid unwanted surprises from the IRS, take care to separate your business and personal finances, track income and expenses monthly, and document your key deductions. It’s not complicated, follow a simple, repeatable system, and you’ll remain on solid ground. Have More Questions About Tax Planning For Your Business? Tax savings rarely result from a single major maneuver. Instead, it’s from a series of smaller, timely decisions made throughout the year. If you want to find out more about tax planning for your business — Reach out to Advise LLP for a FREE consultation! Prev Previous Next Next More articles 5 Common Tax Questions May 6, 2026 Savvy Tax Planning Measures for Smart Business Owners April 23, 2026 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing April 9, 2026 To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Why This Year's Bigger Tax Refund Isn't Necessarily a Good Thing - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing Filing , IRS , Tax Return Date 09.04.26 There is a lot of chatter this tax season revolving around the promise of bigger-than-usual tax refunds. Many who’ve already submitted their returns have reported refunds of more than 10% higher than last year. But while a fat refund payment might feel like a windfall, it’s not necessarily good news. In fact, this could be a sign that you need to reevaluate your finances. Here are some insights that can help improve your tax planning. Why Refunds Are Bigger This Year The main reason is that recent tax law changes, including adjustments to brackets, the standard deduction, and credits, have shifted the amount of tax many households actually owe. Additionally, the withholding tables didn’t fully reflect the changes. As a result, millions of employers withheld too much from paychecks following formulas that didn’t reflect what taxpayers actually owed. In turn, the IRS collected more from you than it should have, funds they’re now giving back. The Truth About Big Refunds If you get a $3,000 refund, it can feel like a score. But that $3,000 came out of your paychecks (an average of $250 a month), which the government held interest-free. Meanwhile, with an extra $250 per month, you could have: Paid down high-interest credit card debt Contributed more to your retirement account Built up your emergency fund Invested in a brokerage account that earns a return Instead, the IRS held that money for you for a whole year while it did nothing to benefit you. You wouldn’t accept those terms from a bank, so why would you accept them from the government? Mindset Shift: A Refund Is Not a Reward A tax refund is not a bonus; it’s your money. You earned, unnecessarily overpaid on your taxes, and you’re now getting back. Some would rather not owe, and don’t mind overpaying upfront and collecting a refund. But well-calibrated withholding, even if you owe a small amount, indicates you optimized your cash flow. Freeing up funds you can put to much better use than sitting in government coffers. How to Avoid This in The Future If you received a larger-than-usual refund this year, it’s a clear sign you need to reevaluate your withholding for the current tax year. Here’s what to consider: Review your W-4. The IRS updated the W-4 form a few years ago to make withholding more accurate, but you may not have updated yours. Ask your employer’s HR department about submitting a revised form. Use the IRS Withholding Estimator. The IRS has a free online tool that can help you estimate what you actually owe and calibrate your withholding accordingly. Talk to your CPA about tax planning for the year ahead. Make adjustments now rather than when your taxes are due, and it’s too late to change anything for the prior year. Have Questions About Tax Planning? There’s no denying the emotional high of a big tax refund. But the financially savvy move is to put that money to work throughout the year, leave it in the hands of the IRS. If you’d like to review your withholding or discuss strategies to optimize your cash flow — Get in touch for a FREE consultation! Prev Previous Next Next More articles 5 Common Tax Questions May 6, 2026 Savvy Tax Planning Measures for Smart Business Owners April 23, 2026 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing April 9, 2026 To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Small Business - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Tax & Accounting For Small Business Advise LLP’s team performs the full spectrum of tax preparation and review services for your small business, as well as supplying business and tax consultation. Our accountants help to maintain compliance with all current tax laws, including those governing payroll taxes. Our professionals help to maximize your success through business entity design, formation, and planning, while developing your accounting systems and methods. Call us at (888) 860-8810 We specialize in: Tax Preparation and Review Services Prepare all business and individual federal and state tax returns Review tax planning needs for the business and owners Develop tax projections Review potential tax saving opportunities and pending tax legislation Business Entity Design Review pros and cons of various entity structures C Corporations S Corporations Limited Liability Companies Limited Liability Partnerships Personal Service Corporations Self Employed Work with legal professional to setup the entity Accounting Setup, Design, and Review Determine needs requirements for the business Review and recommend accounting systems Design and setup accounting systems Expertise in Quickbooks POS, Quickbooks, Xero, Net Ledger, Freshbooks, Peachtree, Oracle SB, MAS 90, Microsoft Accounting, SAGE, Timberline and other accounting software Reconcile accounts on a timely basis Prepare and review financial statements Payroll Tax Compliance Setup and manage payroll system Prepare payroll for employees Prepare and review federal and state tax returns Handle any tax issues with governmental authorities Consulting Review business succession and exit strategies Develop financial projections Review financial valuations and engage with appropriate appraisers Work with lenders and investors on financial presentations Tax Audit Representation > Audit representation Appeals requests Offers in compromise Collection disputes What our customers have to say Peter has been a huge help in starting my business as a small business owner. He is always answering in a detailed way and very patient with all the questions that you may have. I highly recommend them. Leslie Abraham For 11+ years, Peter and his team at Advise LLP are my go to people for my personal and business taxes. He's wonderfully patient and never ceases to amaze me on how up to date he is with all of the changing tax codes year after year. Best of all, Peter explains the tax process in a way that easy to understand, and is very patient with all the questions I have. I highly recommend Peter and his team at Advise LLP to prepare my taxes for many years to come. Mauricio osorio To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Entertainment Industry Professional Tax Services - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Entertainment Industry Professional Tax Services Setup/design loan –out corporations Payroll and compensation planning including reviewing union plans Tax minimization strategies Budgeting to prepare for future financial health Review risk management strategies including insurance Real estate acquisition plan Estate planning Family wealth building What our customers have to say Peter was able to help me develop a retirement plan for my entertainment business. develop tax planning strategies for entertainment - related expenses, and guide me to purchase a home. Mike Van B Advise LLP provided my book publishing company an accounting system that gave us the necessary information for financial decision making as we launched our architectural books and magazine business. Carrie P To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Transfer Pricing - Financial Advisory Assistance - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Transfer Pricing The Advise LLP Transfer Pricing team supplies financial advisory assistance relating to tax implications stemming from sales transactions between controlled entities . Call us at (888) 860-8810 Employing Transfer Pricing The Advise LLP Transfer Pricing team supplies financial advisory assistance relating to tax implications stemming from sales transactions between controlled entities . As the goal of “transfer pricing” is to ascertain whether company interdivisional transfers of cost, expense, tangible/intangible goods, rendered services, and loan/monetary transactions are compatible with the IRS arm’s-length standard. To address the  growing intricacy of tax administrations  as they relate  to transfer pricing regulations , our transfer pricing team offer financial advisory services in a range of distinct areas, as follows: IRS Sec. 482 Compliance Generation of documentation to adhere to IRS regulations. Offer thorough examination of ongoing transfer pricing procedures and policies to identify risk. Team with consultants to devise necessary, location-distinct documentation Analyze Transfer Pricing penalty liability on transactions for M&A investigative care and tax regulation objectives. Evaluate reviews generated by internal tax offices or external tax advisors to substantiate an unbiased and detached viewpoint. Critical Preparation Design streamlined and tenable transfer pricing protocols to minimize IRS tax exposure amidst the purview of regulatory mandates. Consider recent guidance and create procedures that adhere to these directives. Generate and/or review cost-transfer relationships to determine compatibility with directives. Utilization Furnish taxpayers with tenable protocols that do not cause unneeded organizational hardships. Execute transfer pricing protocols. Calculate transfer pricing benefit for each entity in a transaction. Furnish direction in regards to tax/accounting structure products to calculate transfer prices and proficiently administer transfer pricing protocols. Audit Response, Legal Advocacy, and Dispute Settlement Furnish, where permitted, adept attestation and transfer pricing/financial reviews in support of audit response or legal action. Engage in negotiations with IRS tax officials. Through Advise LLP’s, we have the wide-ranging means to aid customers in meeting their transfer pricing demands. Advise LLP’s assistance capabilities offer support for interdivisional transfers in domestic territories. Our Transfer Pricing team have extensive backgrounds in creating unified resolutions to pricing concerns. What our customers have to say Advise LLP helped us provide to the IRS a complete transfer pricing study to satisfy an auditor. Raghu K and Patricia A To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Tax and Financial Services for Individuals | Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Tax & Accounting For Individuals Advise LLP provides a complete range of federal and state tax preparation and review services for all individuals, including immigrants to the United States and American citizens living abroad. We ensure compliance with all existing tax law, and furnish tax audit representation as needed. We also minister to all your accounting and financial planning requirements, especially for those in the entertainment industry. Call us at (888) 860-8810 We specialize in: Tax Preparation and Review Services Prepare individual federal and state tax returns Ascertain and analyze prior tax filings to review to tax opportunities Prepare quarterly and payroll tax estimates Tax Planning and Consulting Develop tax planning objectives Review transactions to determine tax outcomes Develop tax projections to ascertain appropriate tax payments Engage in discussions on potential tax legislation and intent Federal and State Audit Representation > Audit representation Appeals requests Offers in compromise Collection disputes Financial Planning Develop financial plan and objectives Create investment portfolio to meet financial plan Engage in annual review of financial plan Risk Management Review Review need to asset protection and insurance needs Engage with trusted advisors to ascertain risks Estate Planning Consult on estate and succession planning Review tax considerations to mitigate estate /gift taxes Develop an estate plan with network of trusted advisors Immigration Tax Compliance Assist in development of immigration plan with network of trusted advisors Consult on US residency rules for immigrants and /or visa holders Prepare and review tax compliance matters for US immigrants and visa holders including non resident tax returns, FBAR compliance, and foreign gift transfers Advise on tax entity structure Review business plans Expatriate Tax Compliance Consult on tax consequences for living abroad for US citizens /residents Review foreign bank account and foreign investment disclosures (FBAR and Form 8938) Review US exit strategies Entertainment Industry Professional Services > Setup/design loan–out corporations Payroll and compensation planning Tax minimization strategies Budgeting to prepare for future financial health Review risk management strategies including insurance Real estate acquisition plan Estate planning Family wealth building What our customers have to say Peter is on top of everything and highly detailed oriented. He's helped me immensely with my taxes and knows the in's and out's of everything. There's also something to be said about service. He's personable and provides an experience that doesn't make you dread dealing with your taxes. Highly recommended!!! i.ko Wilson Peter Soh and his team are great at Advise LLP. My husband and I have been working with him for several years now. He is very patient, responsive and helped us find money where we didn't know you can find in our tax return. There was one time Peter noticed a mistake and was quick to resolve it immediately. Instead of having me trek back during rush hour a team member was sent to make my life easier. I would recommend his services and put my stamp of approval on Peter and his team anytime. Julie Su I had a great experience. This was my first time getting my taxes done outside of turbo tax and I was very satisfied. He was very professional, timely, and knowledgable. I would recommend him to a friend. Jennifer Saldaña Great Team over at Advise LLP. Quick and Efficient. Have recommended them to multiple friends over and over. Troy Tidwell To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Privacy Policy - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Privacy Policy Generic Privacy Policy This privacy policy (“policy”) will help you understand how Advise LLP (“us”, “we”, “our”) uses and protects the data you provide to us when you visit and use advisellp.com (“website”, “service”). We reserve the right to change this policy at any given time, of which you will be promptly updated. If you want to make sure that you are up to date with the latest changes, we advise you to frequently visit this page. What User Data We Collect When you visit the website, we may collect the following data: Your IP address. Your contact information and email address. Other information such as interests and preferences. Data profile regarding your online behavior on our website. Why We Collect Your Data We are collecting your data for several reasons: To better understand your needs. To improve our services and products. To send you promotional emails containing the information we think you will find interesting. To contact you to fill out surveys and participate in other types of market research. To customize our website according to your online behavior and personal preferences. Safeguarding and Securing the Data Advise LLP is committed to securing your data and keeping it confidential. Advise LLP has done all in its power to prevent data theft, unauthorized access, and disclosure by implementing the latest technologies and software, which help us safeguard all the information we collect online. Our Cookie Policy Once you agree to allow our website to use cookies, you also agree to use the data it collects regarding your online behavior (analyze web traffic, web pages you spend the most time on, and websites you visit). The data we collect by using cookies is used to customize our website to your needs. After we use the data for statistical analysis, the data is completely removed from our systems. Please note that cookies don’t allow us to gain control of your computer in any way. They are strictly used to monitor which pages you find useful and which you do not so that we can provide a better experience for you. If you want to disable cookies, you can do it by accessing the settings of your internet browser. Links to Other Websites Our website contains links that lead to other websites. If you click on these links Advise LLP is not held responsible for your data and privacy protection. Visiting those websites is not governed by this privacy policy agreement. Make sure to read the privacy policy documentation of the website you go to from our website. Restricting the Collection of your Personal Data At some point, you might wish to restrict the use and collection of your personal data. You can achieve this by doing the following: When you are filling the forms on the website, make sure to check if there is a box which you can leave unchecked, if you don’t want to disclose your personal information. If you have already agreed to share your information with us, feel free to contact us via email and we will be more than happy to change this for you. Advise LLP will not lease, sell or distribute your personal information to any third parties, unless we have your permission. We might do so if the law forces us. Your personal information will be used when we need to send you promotional materials if you agree to this privacy policy. To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! About Us - Peter Soh - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 About Us Advise LLP provides comprehensive value-added accounting, tax, financial, and IT solutions to our customers. We meet the constantly shifting needs of our clients with our experienced and diverse team of professionals. Our team works cohesively together and is ethically bound to provide unparalleled service for our clients in today’s marketplace. We strive for excellence by the following principles: Understanding the needs of our clients through focused and attentive listening. Planning the value-added solutions that are best-suited for our clients’ requirements. Implementing our solutions with an integrative, team-based approach. Reviewing extensively with clients to assess the effectiveness of our implementations. Our team Peter Soh Principal CPA, MBA (Certified Public Accountant) Peter is currently a principal partner of Advise LLP and has more than 20 years of experience in tax, accounting, and financial counseling matters. Peter has consulted with small and medium sized businesses with respect to their tax needs, including interstate and international commerce, tax credits (R&D, enterprise zone), cost segregation, tax provisions (FAS 109 & FIN 48) , and Merger & Acquisition scenarios. Peter is a Certified Public Accountant in California, an active member of the California Society of CPAs, and an advisory member of the UCLA Extension program. He has written articles for Fortune Small Business magazine and numerous banking publications. He is a lead seminar instructor for the Small Business Administration both in Los Angeles and the San Fernando Valley. Prior to managing Advise LLP, Peter was a senior tax consultant with Ernst & Young and a Chief Financial Officer for an educational institution. He has an MBA in Finance and Taxation from the University of Southern California, and a Bachelor’s of Science Degree in Accounting from California State University, Northridge. Through the years, I have always relished helping my clients realize their dreams and goals in life by providing them sound guidance. I am able to offer prudent counsel by listening carefully as people express their needs and circumstances. I approach the situations of all my clients with a heart and mind-set for service. As accountants, we strive to present an objective viewpoint and the surest advice possible. I constantly follow that principle in my practice, and clients value and respect the professionalism of our attitude and input. — Peter Soh — Daniel Nguyen Staff Daniel has been working at Advise LLP since 2014. He has a great aptitude for financial models, cash flow analysis, and tax matters in general. Before he was a full-time staff member at Advise LLP he was a bookkeeper and full-time student at California State University, Fullerton. He is also a member of the Accounting Society and was certified by the IRS through VITA training. Professional career aside, he is a very family-oriented person. He loves family gatherings and has a passion for cooking. Daniel has earned a Bachelor’s Degree in Accounting and Finance from CSUF, and an Associate of Arts Degree in Business Administration from Fullerton College. When asked what it is like being employed at Advise LLP, Daniel gave this answer: I was first an intern with the accounting firm. I eagerly accepted when I was offered the opportunity to become a member of the staff here at Advise LLP because it was great working with Samson and Peter; they are both knowledgeable and experienced on a variety of tax and financial matters. I have learned a great deal working with such an accomplished team of tax experts. — Daniel Nguyen — To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Corporations - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Tax & Accounting For Corporations Advise LLP enhances your strength by contributing financial statement review and preparation for corporations. Our accountants examine and prepare all corporate tax provisions, including international tax compliance, R & D tax credits, and transfer pricing issues. Call us at (888) 860-8810 We specialize in: Financial Statement Review And Preparation Assist in developing financial statements Work with financial auditors for requests for information Develop financial reports including income statement, balance sheet, statement of cash flows, and comprehensive income statement Assist in developing financial footnotes and disclosures Develop financial reviews and compilations according to US GAAP standards Tax Provision Review And Preparation Develop Fin 48 tax provisions Develop permanent and timing difference worksheets Review tax uncertain positions International Tax Compliance Develop tax planning strategies to mitigate US tax compliance for foreign companies doing business in the US Coordinate and work with foreign advisors to determine best tax structure under US and foreign country rules Prepare and review of foreign subsidiary or foreign parent US tax returns including Form 1120F FBAR and Form 8938 compliance for foreign owners and officers of US based subsidiaries Analyze and harvest foreign tax credits Work with alliance partners at foreign CPA firms in Asia, Europe, Middle East, South America R&D Tax Credit Studies > Review and determine qualified R&D expenditures Perform the federal and state credit calculation Develop R&D accounting and documentation. Transfer Pricing > Financial advisory assistance Design streamlined and tenable transfer pricing protocols Execute and calculate transfer pricing benefit Audit Response and Dispute Settlement Tax Audit Representation > Audit representation Appeals requests Offers in compromise Collection disputes What our customers have to say Peter Soh has been my CPA since 2008. When I met with him, I was starting finishing school and working on my business concept. Peter provided me great advices, critical information related to taxes, up-to-date explanations about business structures, great suggestions for foreign entrepreneurs in the USA and personalized assistance about bookkeeping and Quickbooks. Peter also brought a cross-cultural perspective to his work, which is invaluable in our global society. Hiring Peter Soh to form and register U in the USA LLC was the best decision I ever made. Jean-Marc DEDEYNE Peter Soh of Advise Inc has handled my personal as well as corporate taxes for the past decade. He is extremely knowledgable, professional and thorough when it comes to making sure everything is in order, complete and finished in a timely manner. In my experience Advise Inc has always looked out for me as a client and has been error free. What I like most about Peter Soh and Advise Inc. is that if I have a question to ask or even if I have a form to get in on a last minute deadline, they are there to get back to me and get it done in an extremely prompt manner. Extremely high marks for professionalism and I have been very pleased with the service Advise Inc and Peter Soh has provided me over the years. Dain B. Previous Next To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! 5 Common Tax Questions - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 5 Common Tax Questions IRS , Tax Planning , Tax Return , Taxes Date 06.05.26 For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you filed an extension, you’ve got until October 15th (but you should still have paid your estimated taxes by April 15th, so it’s not that much of a relief). But even with the crush of this year’s April 15th deadline having come and gone, I still get tax questions. They come from clients, family, friends, acquaintances, and even strangers when they discover I’m a CPA. And while a few of these inquiries are obscure, I get the same handful of questions over and over again. A definite sign that these issues are perpetually on people’s minds and remain unclear. To help clarify, here are answers to 5 tax questions I commonly receive: How do I Know if I Will Owe Taxes? Many assume a big refund last year means another fat check is coming this year. But the reality is your finances, along with the tax code, vary from year to year. Thus, judging by last year’s refund is not a good gauge for the coming year. And there are some telltale markers. If you earned additional income from freelance work, side gigs, or investment gains, you may owe. If you’re an employee receiving a W-2 form, not withholding enough from your paychecks can also result in owing taxes. You can check with your HR department, your CPA, or other qualified tax consultant to confirm a withholding amount that avoids a year-end tax bill. Important side note: Tax planning can help minimize your tax bill . Should I Take the Standard Deduction or Itemize? In simplest terms: You should take whichever is higher. For example, in 2025, the standard deduction is $15,750 for single filers and $31,500 for married filing jointly. So, unless your mortgage interest, state taxes, and charitable gifts exceed that amount, itemizing doesn’t make financial sense. Do I Have to Pay Taxes on My Side Income? We touched on this in the first question above, but to clarify further, everything you earn from your “side hustle(s),” including freelancing, driving for Uber, or selling on Etsy, qualifies as taxable income. Also, if your net income from these endeavors exceeds $400, you can expect to pay self-employment taxes in addition to income tax. What Happens if I Don’t File My Return or Pay My Tax Bill by April 15th? Technically, these are two separate questions. But they’re directly related, so it makes sense to tackle them together. If you don’t owe taxes, nothing will happen if you don’t file a tax return. There’s no penalty or any other consequence for failing to file an income tax return if you don’t owe the federal or state government. But you may be entitled to a refund. And if you don’t file within three years, that refund is lost. If you do owe, you’re better off filing, even if you don’t have the money to pay your tax bill. This might sound counterintuitive, but there are different penalties for failure to file and failure to pay. The failure to file penalty ranges from 5% to 25% of your tax bill, depending on your circumstances. Meanwhile, the failure-to-pay penalty ranges from 0.5% to 25%, depending on your circumstances. Clearly, failing to file has far more serious consequences than failing to pay. Plus, the IRS also offers payment plans, so owing money won’t necessarily trigger a financial crisis. The key takeaway here is it’s best to file an annual tax return. Is My Home Office Deductible? After a series of court cases, in which taxpayers challenged the IRS’s disallowance of expenses related to working at home, the “home office” deduction was created in 1976. And it has sense been amended in 1997, 2013, and most recently in 2018 as part of the Tax Cuts and Jobs Act bill passed during President Trump’s first term. Interestingly, this is one of the most commonly asked, widely misunderstood, and hotly debated tax questions. Everyone seems to have a different perspective on what qualifies as a home office. And there’s plenty of confusion over the changes in the tax code. There are two key qualification points to consider: First, only the self-employed can claim this deduction. The above-mentioned Tax Cuts and Jobs Act eliminated this deduction for W-2 employees. And secondly, if you are self-employed, your home office space must be used regularly and exclusively for business. But here’s the wrinkle that seems to generate the most debate: A defined but not separately enclosed space, such as a kitchen nook, alcove, or designated corner, c an be considered a home office for tax purposes . It just can’t be used for anything else. More Tax Questions? As I mentioned above, I get plenty of obscure tax questions. The items noted above are among the most frequently asked questions. If you have additional questions, feel free to reach out . As you may have noted, several of the questions above could be addressed with tax planning . If you’re interested in exploring – Get in touch for a FREE consultation! Prev Previous More articles 5 Common Tax Questions May 6, 2026 Savvy Tax Planning Measures for Smart Business Owners April 23, 2026 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing April 9, 2026 To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop you Contact us - Call (323) 934-2462 - Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 6230 Wilshire Blvd #1192, Los Angeles, CA 90048 (323) 934-2462 (888) 860-8810 Hello Want to get in touch? Just fill in the form below and we’ll get back to you. First Name Last Name Email Address Phone Number Subject Select a Subject * Tax & Accounting IRS Audit / FTB Audit Services Entertainment Industry Transfer Pricing Research & Development Other Message SUBMIT To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! IRS Representation | Federal Audit | State Audit | Advise LLP Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 IRS Audit Representation Dealing with the IRS audit can be difficult and stressful. Many people lose sleep over it. Advise LLP have a lot of experience dealing with the IRS and the FTB (Franchise Tax Board). As your representative, we deal with the IRS or FTB in a calm professional manner to obtain the best results for you with our proven tax strategies. Call us at (888) 860-8810 When you get a notice, call us first.  Remember everything you say to the IRS is evidence that may be used against you as they prepare a case file.   Our professional team will represent you with the government auditor.  As your representative, we deal with the IRS or FTB in a calm professional manner to obtain the best results for you with our proven tax strategies.  We are confident and fully prepared to handle complicated tax issues.  We turn lemons into lemonade! We handle the following matters: Audit Representation Appeals Request Offers In Compromise Collection disputes What our customers have to say Advise LLP helped us mitigate IRS and FTB audit risks for a multi year audit. K Sweis Advise LLP helped us provide to the IRS a complete transfer pricing study to satisfy an auditor. Raghu K and Patricia A To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide! Advise LLP - Los Angeles CPA Firm - Tax and Accounting Skip to content Services Individuals Tax & Accounting For Individuals We meet all your individual needs in terms of tax review and preparation, and delivering accounting solutions. IRS Audit Representation Our team will represent you and your return in the case of any IRS or Franchise Tax Board audit. Entertainment Industry Professional Tax Services Our professionals specialize in the tax and accounting concerns for the entertainment industry. Small Business Tax & Accounting For Small Business We satisfy all the tax and accounting demands of your small business to safeguard your growth and bottom line. IRS Audit Representation Our accountants will stand with you and present your returns in the face of an IRS or Franchise Tax Board audit. Corporations Tax & Accounting For Corporations Our skilled team excels in all aspects of Corporate Tax review and preparation. IRS Audit Representation We will represent your firm and explain your tax returns in response to an IRS or Franchise Tax Board audit. R&D Tax Credit Our professionals guide you through, and ensure tax compliance with, all transfer pricing scenarios. Transfer Pricing We help your company fully utilize all available Research and Development tax credits as allowed by law. News About Us Contact Call (888) 860-8810 Advise LLP is a CPA firm offering Comprehensive & Individualized Tax and Financial Services Linkedin Twitter Facebook Individuals Tax & Accounting for Individuals. IRS & FTB Audit Representation. Entertainment Industry Professional Tax Services. Learn More Tax preparation and review services Tax planning and consulting Federal and state audit representation Financial planning Risk management review Estate planning Immigration tax compliance Expatriate tax compliance Entertainment industry professional services Small Business Tax & Accounting for Small Business. IRS & FTB Audit Representation. Learn More Tax preparation and review services Business entity design Accounting setup / design / review Payroll tax compliance Business and tax consulting Business succession planning Business formation and planning Corporations Tax & Accounting for Corporations. IRS & FTB Audit Representation. Transfer Pricing. R&D Tax Credit. Learn More Financial statement review and preparation Tax provision review and preparation International tax compliance R&D tax credit studies Transfer pricing studies Peter Soh has been my CPA since 2008. When I met with him, I was starting finishing school and working on my business concept. Peter provided me great advices, critical information related to taxes, up-to-date explanations about business structures, great suggestions for foreign entrepreneurs ... Jean-Marc Dedeyne For 11+ years, Peter and his team at Advise LLP are my go to people for my personal and business taxes. He's wonderfully patient and never ceases to amaze me on how up to date he is with all of the changing tax codes year after year. Best of all, Peter explains the tax process in a way that ea... Mauricio Osorio AdviseLLP helped us save tax savings with a highly innovative approach. They continue to be on the leading edge of tax consultants. C Hsu Medi.com Previous Next Recent articles 5 Common Tax Questions May 6, 2026 Savvy Tax Planning Measures for Smart Business Owners April 23, 2026 Why This Year’s Bigger Tax Refund Isn’t Necessarily a Good Thing April 9, 2026 To Receive the latest news Subscribe To Our Monthly Newsletter Email Address First Name Last Name subscribe Monday – Friday 8:00am – 5:30pm ( Pacific Time) (323) 934-2462 (888) 860-8810 (818) 301-2689 fax Linkedin Twitter Facebook Quick Links Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Menu Tax and Accounting for Individuals Tax and Accounting for Small Business Tax and Accounting for Corporations IRS Audit Representation Entertainment Industry Professional Tax Services Transfer Pricing R&D Tax Credit Recent Post 5 Common Tax Questions May 6, 2026 No Comments For better (you got a big refund!) or worse (you owe a hefty sum), this year’s tax deadline is firmly in the rearview. Unless you READ MORE » Twitter Facebook Dribbble Youtube Pinterest Medium © 2022 All rights reserved. Privacy Policy .​ Website design by IMO MEDIA INC . This website uses cookies to ensure you get the best experience on our website. got it Get Your FREE Tax Guide 7 Smart Tax Planning Strategies keep more of your income with a shrewd tax plan Drop your name + email in the form below First Name Last Name Email Address Send My FREE Guide!