Red-flag compliance risks are mounting in 2025. The California Franchise Tax Board assessed more than $1.1 billion in penalties in 2023, and pressure has only increased. Tougher filing rules, tighter deadlines, and deeper data-matching mean your risk of an FTB audit or suspension is higher, even if your books are clean. Most penalties do not come from underpaid tax. They start with missed forms, wrong entity filings, or late payments.

Big changes are coming. The federal estate tax exemption is about 13.6 million dollars per person in 2025, but it may fall to around 7 million in 2026. Amounts above that can face a 40 percent tax. Smart moves now, like trusts and strategic gifting, can preserve more of your family’s wealth. If you want help getting started, explore our…

This was originally written by Tania Herbert on Medium. You can view the original article here. I felt compelled to write this after my team posted our beginner's guide to new crypto tax rules for 2025. This is my first time writing on Medium, and I want to speak directly to the outcomes that matter. I work with several high‑profile crypto millionaires in LA County, including celebrities I cannot name.

High-earning businesses and individuals in Los Angeles face unique tax challenges as income and assets grow. Specialized tax services in Los Angeles are essential for those earning over $5 million, especially when cutting through layers of federal and California tax laws. Whether you’re a business owner or a high-net-worth individual, working with a top-tier tax accountant Los Angeles or a skilled tax consultant Los Angeles can help protect your wealth and optimize your tax position.