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Core CPAs & Advisors

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Core CPAs & Advisors

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Core CPAs & Advisors, Accountant, 17875 Von Karman Avenue, Suite 150, Irvine, CA.

Based in Irvine, California, CoreCPAs & Advisors is a premier CPA firm dedicated to driving the financial success, growth, and wealth preservation of business owners and individuals across Orange County and the wider California area

09/07/2026

⌛ The Clock is Ticking! Your CPA Needs Answers Before December 31.

Year-end is not just for parties; it’s a critical window for strategic tax planning. Waiting until January to talk to your CPA means you might miss significant, time-sensitive saving opportunities.

Don’t just send over your data; be proactive. Ask the right questions to optimize your position

This infographic breaks down the top 5 strategic conversations you must have now.

At CORE CPAs & Advisors, we don't just file taxes; we build proactive tax strategies. Schedule your strategy session today before the year runs out.

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

09/05/2026

Attention Business Owners: Interest Deduction Rules Just Changed in Your Favor

If your business relies on financing to purchase equipment, expand facilities, acquire inventory, or fund growth, there is great news in the tax code you need to know.

Previously, IRC §163(j) placed strict limits on how much business interest expense you could deduct each year. The calculation was restrictive and left many leveraged businesses paying far more in taxes than necessary.

What Changed & Why It Benefits You:

Under updated rules, Adjusted Taxable Income (ATI) once again adds back depreciation, amortization, and depletion. In simple terms, the deduction limit is now calculated on an EBITDA-style base.

💡 In practice, this means:

Higher Deduction Cap: By increasing the baseline calculation (ATI), your business can deduct significantly more interest expense in the current tax year.

Recover Prior Disallowed Interest: If you had interest deductions capped in previous years, those carryforward balances may now become deductible.

Improved Cash Flow: Less money owed at tax time means immediate liquidity to reinvest back into your business.

Don't leave these deductions on the table due to an outdated tax strategy.

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

09/03/2026

🚨 The costly mistake founders are making in 2026 🚨

For years, S-Corps were the default choice to avoid double taxation. But under expanded QSBS (IRC §1202) rules, sticking to the old playbook could cost you millions when it’s time to sell your company.

The C-Corp structure is now a masterstroke for founders planning an exit:

Up to $15M tax-free capital gains upon selling your business.

Asset threshold expanded up to $75M when stock is issued.

Tiered timeline exclusions: 50% gain exclusion at 3 years, 75% at 4 years, and 100% (up to $15M) after 5+ years.

⚠️ The critical catch: You CANNOT convert at the deal closing table. Entity structure and stock holding periods must be established years before a buyer arrives.

Is your current structure protecting your ultimate exit valuation? Partner with CORE CPAs & Advisors to optimize your tax position long before the deal is on the table.

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

09/01/2026

💡 Why Filing Early Is Your Best Financial Strategy

Filing your taxes well before the deadline isn't just about ticking a box, it's about protecting your cash flow and making smarter business decisions.

Here is why filing early works in your favor:

Direct Cost Savings: Stop interest from accumulating and avoid the costly 5% failure-to-file monthly penalty.

Year-End Strategic Planning: Gain a clear financial baseline early, giving you enough time to execute proactive tax-saving strategies.

Financial Peace of Mind: Reduce documentation errors caused by last-minute rushing, minimizing your risk of IRS notices or audits.

Don't wait until the September 15 or October 15 extension deadlines. File early, save money, and eliminate the stress.

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

08/30/2026

🚨 Avoid IRS Penalties: Key September & October Tax Deadlines

Ignoring tax deadlines gets expensive quickly. Late filing or late payment doesn't just result in standard fees, it triggers stacking IRS penalties and interest month after month.

Key Penalties to Keep in Mind:

Failure-to-File Penalty: 5% per month of unpaid tax (up to a 25% maximum).

Failure-to-Pay Penalty: 0.5% per month on the outstanding balance.

Daily Compounded Interest: The IRS charges interest on both unpaid taxes and accrued penalties.

🗓️ Key Extension Deadlines:

September 15: Pass-through entities Partnerships (Form 1065) and S-Corporations (Form 1120-S).

October 15: Individual tax returns (Form 1040) and C-Corporations (Form 1120).

Don't let interest and penalties compound.

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

08/28/2026

Thinking about buying laptops, machinery, or heavy equipment before December 31st to lower your tax bill?

Don't fall into The Year-End Purchase Trap!

Under Section 179 rules, you can immediately write off up to $2.5 million in qualifying business equipment but simply buying it or paying the invoice before year-end isn't enough.

The IRS strictly enforces the "Placed in Service" rule. This means the asset must be delivered, set up, tested, and actually ready for business use before midnight on December 31st

If supply chain or shipping delays push delivery into January, you lose that write-off for this tax year and have to wait another full year to claim it.

Swipe through to see what qualifies (and what doesn't!) ➡️

Reach out to our team so we can help you time your purchases strategically!

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

08/26/2026

"The IRS doesn't need to send you a 1099-K to know your business made money." 🛑
There is a dangerous myth in business tax compliance: “If I didn’t receive a 1099, I don’t need to report the income.”
Here is how the 1099 rules actually work—and what you need to align in your business:
1. What You RECEIVE (1099-K & Income Reporting)
Third-party platforms (Venmo, PayPal, Stripe) generally issue a Form 1099-K when payments exceed $20,000 AND 200 transactions.
⚠️ The Trap: That threshold applies to the platform's duty to report—not yours.
The Golden Rule: Every dollar of business income is taxable, regardless of whether a 1099 form lands in your inbox.
2. What You ISSUE (1099-NEC Updates)
On the flip side, when you pay independent contractors, you are the one required to report.
💡 The Good News: The reporting threshold for Form 1099-NEC has increased from $600 to $2,000. This significantly cuts down administrative paperwork for small vendor payments!
3. The Solution: Golden Rule Alignment
Your accounting software, bank deposits, and tax returns must tell the exact same story. When these numbers don't match, it triggers red flags for audits.
Proactive Steps for Business Owners:
Reconcile payment processors regularly (don't wait until year-end).
Keep track of all gross deposits, non-1099 income, and contractor payouts.
Need Help Getting Your Financials Audit-Ready?
Let CoreCPAs help you streamline your accounting, stay compliant, and avoid costly tax surprises.
📞 Call us: 949 333 0161
🌐 Learn more: www.corecpas.com.mx
🔁 Found this breakdown helpful? Share it with a business owner who needs to review their 1099 compliance today!

08/24/2026

Are you leaving a 20% tax deduction on the table this year? 📉

The Qualified Business Income (QBI) deduction under IRC §199A can save business owners thousands, but it’s not automatic. Factors like your entity structure, W-2 wages, income thresholds, and equipment basis directly impact how much you can write off.

A tax return only reports what already happened. Real tax strategy happens before December 31st!

Check off these 5 key areas today to make sure your business is optimized for maximum savings:

1️⃣ Income Limits ($201,750 Single / $403,500 Joint phase-outs)

2️⃣ Business Type (SSTB vs. Non-SSTB rules) 3️⃣ W-2 Wages Paid

4️⃣ Qualified Property Basis

5️⃣ Reasonable Compensation Ratios

Don't wait until tax season to find out what you could have saved. Let's optimize your structure today!

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

08/20/2026

Don’t let good intentions lead to bad tax surprises. Before you make your next donation, follow the Donation Safety Traffic Light:

🟢 GO: Donate with Confidence

Verify exempt organization status on IRS.gov/TEOS.

Use secure credit or debit card payments to establish a clear paper trail for tax season.

🟡 CAUTION: Proceed with Care

Research brand-new post-disaster charities thoroughly before giving.

Remember: Personal crowdfunding pages (like GoFundMe) are not tax-deductible.

🔴 STOP: Potential Scam Alert

Hang up or delete unsolicited calls and emails asking for money.

Beware of high-pressure tactics demanding immediate payments or gift cards.

Let our team at CORE CPAs & Advisors optimize your tax strategy while keeping your charitable giving safe!

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

08/17/2026

Is your donation safe? Check the green flags vs. red flags

Giving back should give you peace of mind, not tax headaches or scam alerts. Keep these quick rules in mind before donating:

✅ GREEN FLAGS:

Verified tax-exempt status on IRS.gov

Detailed receipts provided for your records

Clear mission & proven impact

Secure payment channels

❌ RED FLAGS:

Aggressive, high-pressure demands

Suspicious payment methods

Fake charity names

Complete lack of transparency

Make sure your generosity delivers maximum impact on your community and your tax return. Reach out to CORE CPAs & Advisors for expert strategic planning!

📞 Call us today at 949-333-0161

🌐 Visit CoreCPAs & Advisors

📅 Or schedule your appointment directly with our team.

Address

17875 Von Karman Avenue, Suite 150
Irvine, CA
92618

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Website

https://corecpas.com/

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