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Featured Articles

The Role of a CPA-Prepared Financial Statement in Obtaining Bank Loans and Lines of Credit

Almost every organization – whether it’s a privately-held business, publicly owned corporation, non-profit organization or pension fund – must prepare reports on its financial performance.

Charitable IRA rollovers may be especially beneficial in 2018

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may be especially beneficial now because of Tax Cuts and Jobs...

Tax planning for investments gets more complicated

For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in...

The tax deduction ins and outs of donating artwork to charity

If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the...

Back-to-school time means a tax break for teachers

When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is...

Featured News Releases

HMWC Ranked in the “Top 10” Fastest Growing CPA Firms Nationwide

TUSTIN, CA, NOVEMBER 1, 2018 – HMWC CPAs & Business Advisors (“HMWC”) in Tustin has been selected by “INSIDE Public Accounting” as one of the nation’s “Fastest-Growing All Growth Firms.”   For more than 30 years, INSIDE Public Accounting has identified the nation’s...

HMWC Ranked as “Top 150” firm by CalCPA

TUSTIN, CA, SEPTEMBER 18, 2018 – The California Society of CPAs (CalCPA) has ranked HMWC CPAs & Business Advisors (“HMWC”) as one of its “Top 150 CPA firms” in terms of CalCPA membership.   HMWC ranked 35th on the list, which is based on the total number of CPAs in a...

HMWC Hosts a Back to School Drive for Family Promise of Orange County

TUSTIN, August 15, 2018 - As part of the firm’s community and philanthropic efforts, HMWC CPAs & Business Advisors (HMWC) organized a Back to School drive for Family Promise of Orange County.  The firm collected three boxes of school supplies (binders, crayons,...

Record Participation for Landmark 40th Annual CPA Firm- Team Building Adventure at Grand Teton & Yellowstone National Park

TUSTIN, CA, AUGUST 14, 2018 - Less than two weeks after celebrating HMWC CPAs & Business Advisors’ 50th anniversary, a record 44 partners, staff, family, clients and friends of the accounting firm embarked on the landmark 40th Annual HMWC Death March. A great time was...

Donald W. Watson, CPA – PROMOTED TO PARTNER at HMWC CPAs & Business Advisors

TUSTIN, CA, AUGUST 1, 2018 - HMWC CPAs & Business Advisors is pleased to announce that Donald W. Watson, CPA has been promoted to partner at the firm.  Donald (Don) Watson is a Partner in the Healthcare Services Department of HMWC CPAs & Business Advisors. Since the...

Featured Newsletters

Manufacturer Newsletter – Fall 2018

Featured articles: New tax law limits business interest expense deductions Employee or independent contractor: Worker classification Financial restatements - Why can't management get it right the first time? Deducting travel and entertainment expenses with confidence...

Pulse Check – Fall 2018

Featured articles: Head off problematic Physician behavior at the pass How to create a fair wage structure for your medical practice The art and science of patient scheduling The ins and outs of health insurance Firm News: HMWC CPAs & Business Advisors ranked "Top...

Loop Holes – Sept/Oct 2018

Articles below: Whats the right structure for your business Tax cost of divorce set to rise in 2019 Putting the brakes on spending Make the most of the 0% capital gains rate Firm news: HMWC CPAs & Business Advisors ranked "Top 150" by...

Real Estate Advisors – Sept/Oct – 2018

Our “Real Estate” newsletter is now available. Topics include: Documentation matters in real estate professional exception Recent legislation encourages low income developments C Corporation acquisitions and the TCJA How to opt out of the new partnership audit rules...

Women-Owned Business – Fall 2018

Our “Women-Owned Business” newsletter is now available. Topics include: 7 tips for Winning at Salary Negotiations Back-to-school time means a tax break for teachers Taking a More Empathetic Approach at Work Will Yield Better Results Firm news: HMWC CPAs & Business...

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