Jeff Woo- Business Development Director at Boos & Associates

Jeff Woo- Business Development Director at Boos & Associates Tax Consultant & Tax Credits and incentives Expert

08/24/2025

Thank you Fresno Chamber what an honor for us to co host such an amazing event!!!! We look forward for many more to come

---📢 Tax Season is Here – Maximize Your Savings with Boos & Associates! 💰 Boos & Associates, a Professional Corp. , A CP...
03/13/2025

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📢 Tax Season is Here – Maximize Your Savings with Boos & Associates! 💰

Boos & Associates, a Professional Corp. , A CPA Firm, we specialize in helping businesses navigate complex tax regulations, uncover valuable incentives, and maximize credits. Our expert team ensures you're compliant while keeping more money in your pocket.

✅ Tax Incentives & Credits
✅ State-Specific Tax Compliance
✅ Strategic Tax Planning

Let’s make tax season work for YOU! Contact us today to schedule a consultation.

📩 Jeff Woo Business Devlopment Director- Direct line 559-408-7278 | Email- [email protected]🌐 Booscpa.com

Happy Valentine’s Day from Boos & Associates, a Professional Corp. On this day of love, we are reminded of the greatest ...
02/14/2025

Happy Valentine’s Day from Boos & Associates, a Professional Corp.

On this day of love, we are reminded of the greatest love of all Romans 5:8—the love that comes from God. At Boos & Associates, we strive to serve our clients with integrity, care, and excellence, reflecting the values of faith, trust, and stewardship in all we do.

May your day be filled with love, joy, and the blessings of meaningful connections. Wishing you and your loved ones a Happy and Blessed Valentine’s Day!

02/07/2025

Boos & Associates, a Professional Corp.
Friday Fun Fact: The U.S. tax code is over 4 million words long—that’s 7 times the length of all Harry Potter books combined!

Good thing you don’t have to read it all—our tax experts got you covered.

Boos gives back!!!At Boos & Associates, a Professional Corp.  , we believe in the power of service—both in our professio...
02/05/2025

Boos gives back!!!

At Boos & Associates, a Professional Corp. , we believe in the power of service—both in our profession and in our community. Our team had the privilege of volunteering at the Fresno Rescue Mission, where we spent time serving meals, offering support,prayer and making meaningful connections with those in need.

Giving back is at the heart of what we do, and we’re grateful for the opportunity to contribute to such an impactful organization. Thank you, Fresno Rescue Mission, for the incredible work you do every day!We thank God for the many lives transformed through the Mission!!!

Maximizing Tax Savings for Auto Dealerships: Key Strategies for 2025As a CPA firm specializing in auto dealerships, we u...
02/04/2025

Maximizing Tax Savings for Auto Dealerships: Key Strategies for 2025

As a CPA firm specializing in auto dealerships, we understand the unique financial and tax challenges facing dealers today. From navigating LIFO accounting to maximizing tax credits, having the right strategy in place can make a significant difference in your bottom line.

Here are a few key areas where dealerships can unlock savings:

✅ LIFO Inventory Method – With continued inventory fluctuations, staying on LIFO could provide significant tax deferrals.
✅ Section 179 & Bonus Depreciation – Take advantage of immediate write-offs for equipment, facilities, and fleet investments.
✅ Energy-Efficient Incentives – Tax credits for EV chargers, solar panels, and energy-efficient improvements can reduce costs.
✅ R&D Tax Credits – Many dealerships investing in technology, training, and process improvements may qualify for these valuable credits.

At Boos & Associates, a Professional Corp. , we have our specialized tax experts to advise auto dealers optimize their tax positions and plan for long-term success. Have questions about tax-saving opportunities? Let’s connect! looking for a new whip??? Go see Mike Ghalambor the GM at Fresno BMW

At Boos & Associates, a Professional Corp. , we believe that building strong relationships is just as important as uncov...
01/27/2025

At Boos & Associates, a Professional Corp. , we believe that building strong relationships is just as important as uncovering valuable tax incentives. Whether it's collaborating with our clients, partnering with industry experts, or staying connected with legislative changes, investing in relationships helps us deliver greater value and maximize opportunities.

Tax incentives are not one-size-fits-all—they require a deep understanding of your business goals and challenges. By fostering meaningful connections, we gain insights that allow us to tailor strategies, ensuring you receive the credits and incentives you deserve.

Let’s work together to unlock the full potential of your business. Reach out to us today and discover how the power of relationships can drive financial growth.

Honoring the Legacy of Dr. Martin Luther King Jr.Today, we take a moment to reflect on the profound impact of Dr. Martin...
01/20/2025

Honoring the Legacy of Dr. Martin Luther King Jr.

Today, we take a moment to reflect on the profound impact of Dr. Martin Luther King Jr.’s vision of equality, justice, and service. His unwavering commitment to creating a better world continues to inspire us in both our personal and professional lives.

At Boos & Associates, a Professional Corp. , we are reminded of the importance of integrity, service, and making a positive difference in our communities. Let’s honor Dr. King’s legacy by striving for fairness and inclusion in all that we do. "You are the light of the world" appears in Matthew 5:14-16. In this verse, Jesus compares his followers to light, and says that they are unable to be hidden.

🌟 Midweek Tax Tip 🌟Did you know exporting your products or services could unlock significant tax savings? 🌍The IC-DISC (...
01/15/2025

🌟 Midweek Tax Tip 🌟
Did you know exporting your products or services could unlock significant tax savings? 🌍

The IC-DISC (Interest Charge Domestic International Sales Corporation) is a powerful tool that allows exporters to lower their tax liability by converting ordinary income into lower-taxed dividend income.

At Boos & Associates, a Professional Corp. we specialize in helping businesses like yours maximize tax incentives and credits. From the IC-DISC to R&D credits, we’re here to uncover every opportunity for savings.

📩 Contact us today to learn how your business can benefit! Don’t leave money on the table.
559-250-4284
💡 Turn tax savings into a competitive edge.

"Happy Friday from Boos & Associates, a Professional Corp.!!!Tax season is just around the corner, and we're here to hel...
01/10/2025

"Happy Friday from Boos & Associates, a Professional Corp.!!!

Tax season is just around the corner, and we're here to help you stay ahead of the game. 💼 Whether you're tackling personal returns, business filings, or planning for the future, our expert team is ready to guide you every step of the way.

🎯 Pro Tip for the Week: Start gathering your tax documents now to avoid the last-minute rush. Organization today means peace of mind tomorrow!

Let's make this tax season your smoothest yet. Contact us to get started! 📞559-250-4284

"

🌟 Midweek Tax Savings Tip 🌟Did you know hiring can help your business save BIG on taxes? 💸The Work Opportunity Tax Credi...
01/08/2025

🌟 Midweek Tax Savings Tip 🌟
Did you know hiring can help your business save BIG on taxes? 💸

The Work Opportunity Tax Credit (WOTC) rewards businesses for hiring individuals from certain target groups, like veterans, long-term unemployed, or individuals on government assistance. Combine this with other tax incentives, like R&D credits Cost Segregation study, and energy-efficient deductions, and you could uncover major savings!

💼 Don’t miss out on these opportunities to save and grow your business! Let our tax experts at Boos & Associates, a Professional Corp. uncover every incentive your business qualifies for.

📩 Message us today or schedule a free consultation to start saving now!

The Research and Development (R&D) Tax Credit is a federal tax incentive...That our CPA,s Specialize in, designed to enc...
01/04/2025

The Research and Development (R&D) Tax Credit is a federal tax incentive...That our CPA,s Specialize in, designed to encourage businesses to invest in innovation, research, and technology. Here’s a detailed overview for 2025:

Eligibility for the R&D Tax Credit

To qualify, a company must engage in activities that meet the following criteria (the "Four-Part Test"):

1. Permitted Purpose:

The research must aim to improve a product, process, software, formula, invention, or technique.

The goal should be to increase performance, quality, reliability, or functionality.

2. Elimination of Uncertainty:

The work must attempt to resolve technical uncertainty about the development or improvement of a product or process.

3. Process of Experimentation:

The research should involve systematic experimentation, such as modeling, simulation, or testing.

4. Technological in Nature:

The research must rely on principles of science, engineering, computer science, or other technical fields.

Qualifying Expenses

Eligible expenses for the R&D tax credit include:

1. Wages:

Salaries for employees directly involved in R&D activities, including those supervising or supporting research.

2. Supplies:

Costs of materials used in the research process (excluding capital assets).

3. Contract Research:

Payments to third parties for R&D services (limited to 65% of the expense).

4. Cloud Computing Services:

Costs associated with developing and testing software using cloud-based platforms.

Calculating the Credit

1. Regular Research Credit

Typically 20% of qualified research expenses exceeding a base amount.

The base amount is calculated using historical R&D spending and gross receipts.

2. Alternative Simplified Credit (ASC):

14% of qualified research expenses above 50% of the average R&D spending for the previous three years.

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Startups and Small Businesses

1. Payroll Tax Offset:

Startups with less than $5 million in gross receipts and less than five years in operation can use up to $250,000 of the R&D credit to offset payroll taxes.

2. Small Business Benefits:

Companies with gross receipts under $50 million can use the credit to offset Alternative Minimum Tax (AMT)

Best Practices

1. Maintain Detailed Documentation:

Time tracking for employees, project notes, testing records, and expenditure logs to substantiate the credit.

2. Use R&D Software or Tools:

Invest in software to automate the tracking of qualifying activities and expenses.

3. Conduct a Credit Study:

Have an R&D tax credit professional review your projects and expenses for eligibility.

State-Level R&D Credits

Many states also offer R&D tax credits. These may vary in terms of qualification criteria, credit rates, and carryforward rules. Check the specific regulations in your state.
Would you like help with examples of industries that qualify or how to apply for the R&D tax credit?
call me and Schedule an appointment!!!!

Address

770 E Shaw Avenue Ste. 128
Fresno, CA
93710

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+15596647144

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