Lori E Wattelet, CPA

Lori E Wattelet, CPA We are a full-service Tax and Accounting Services firm licensed in CA. We are affordable, experienced, and friendly. Lori E.

We offer a broad range of services for business owners, executives, and independent professionals. Wattelet (LEW) brings over 15 years of experience to the table. LEW graduated with honors from California State University, Sacramento in 2009. She spent 13 years at a local accounting firm, gaining extensive knowledge in both tax and audit departments, and mastering GAAP and the Tax Code. In additio

n, LEW is a Certified Quickbooks Pro-Advisor. In addition to her public accounting experience, LEW served as a Controller for a law firm in the private sector. Her passion for client interaction led her back to public accounting, where she thrives on helping clients with their accounting needs and becoming a trusted business partner.

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think aga...
06/18/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many owners are eligible without realizing it because of various deductions for the self-employed. A Roth IRA offers potential advantages over tax-deferred accounts. Although Roth contributions aren’t deductible, qualified withdrawals won’t be taxed. And you aren’t required to take withdrawals from your Roth IRA, meaning the account can continue to grow tax-free. Your heirs can also take tax-free withdrawals. For help evaluating your Roth IRA eligibility and developing a long-term retirement strategy that aligns with your personal and financial goals, contact us at (916) 297-6880.

Small business owners: Tax credits can reduce your tax bill dollar for dollar. But using them isn’t always straightforwa...
06/17/2026

Small business owners: Tax credits can reduce your tax bill dollar for dollar. But using them isn’t always straightforward. Many business credits fall under the general business credit (GBC), which limits how much you can claim each year and governs how unused credits are carried back or forward. Missteps can mean lost or delayed tax benefits. We help small businesses identify eligible credits, apply the GBC rules correctly and optimize their tax outcomes over time. Contact us at (916) 297-6880 to see whether you’re making the most of the credits available to you.

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. ...
06/16/2026

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. However, many businesses supplement their GAAP financials with non-GAAP metrics to help stakeholders make better-informed decisions. For example, earnings before interest, taxes, depreciation and amortization (EBITDA) can provide insight into your business’s cash flow and long-term profitability. Because non-GAAP measures aren’t governed by a single set of accounting standards, calculations can vary significantly. So detailed disclosures are critical for reliable comparisons. Call us at (916) 297-6880 for help presenting your financial results consistently and transparently.

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Man...
06/15/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
06/13/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (916) 297-6880 for details.

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan...
06/12/2026

Do your employees pay out of pocket for business travel, meals or supplies? With a properly structured “accountable plan,” reimbursements are tax-free to employees and deductible for your business. (Remember, meals are generally only 50% deductible.) Without an accountable plan, reimbursements count as taxable wages and trigger income taxes for the employee and payroll taxes for both the employee and your business. Contact us at (916) 297-6880 to help ensure your reimbursement practices comply with the tax rules and minimize unintended tax consequences.

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
06/11/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests. For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less. Call us at (916) 297-6880 for help evaluating your eligibility for these and other tax-saving opportunities based on your business’s structure and operations.

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limit...
06/10/2026

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limited mainly to disaster-related losses, eligibility is expanding beyond federally declared disasters to include certain state-declared disasters. Because the rules are complicated and additional limits apply, review your situation with us. We can help determine whether you’re eligible for a casualty loss deduction. Contact us at (916) 297-6880.

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utili...
06/09/2026

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utilities, insurance and administrative costs — often grow quietly over time. Allocating overhead costs across products, services, projects or clients can provide greater insight into profitability. A disciplined allocation approach can help you identify underperforming products or services, evaluate expansion opportunities, and make better-informed pricing decisions. Reviewing your allocation methods periodically is especially important as labor, technology and operating costs change. Call us at (916) 297-6880 to discuss practical strategies for managing overhead and improving your bottom line.

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or ar...
06/08/2026

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or are starting from scratch, we can help craft a strategy that reflects your personal situation and addresses your goals. So start thinking about what’s important to you: Building a big nest egg, reducing income tax liability, something else … We’re here to help make it possible!

Address

2999 Douglas Boulevard, Suite 180
Roseville, CA
95661

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 12pm

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