“I've known Peter about 4 years now. I meet him as the accountant/cpa for M&S Discount Motors (Now M&S Motors Inc) I am constantly running into business's that use him as an accountant. I have serviced his companies computers as well as his/my clients. I only have ever heard good things about his accounting knowledge and have referred several clients to his company that I heard complaining about their current accountant.”
About
With over 35 years of experience, we understand what is needed for your business to run…
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Being busy doesn't always mean being profitable. Many restaurant owners work long hours, serve more customers, and still struggle to build a…
Being busy doesn't always mean being profitable. Many restaurant owners work long hours, serve more customers, and still struggle to build a…
Shared by Peter Holtz
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Revenue tells you how much your business brought in. Gross margin tells you how much it actually kept before overhead. And taxable income — shaped by…
Revenue tells you how much your business brought in. Gross margin tells you how much it actually kept before overhead. And taxable income — shaped by…
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Most multi-entity business owners have a tax preparer, not a tax strategist — and that gap could be costing you a fortune. The more entities you…
Most multi-entity business owners have a tax preparer, not a tax strategist — and that gap could be costing you a fortune. The more entities you…
Shared by Peter Holtz
Experience
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Education
Licenses & Certifications
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Certified Public Accountant
8450
Recommendations received
3 people have recommended Peter
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Business travel is a legitimate and often significant deduction. It is also one of the most frequently misunderstood. To qualify, travel must be…
Business travel is a legitimate and often significant deduction. It is also one of the most frequently misunderstood. To qualify, travel must be…
Shared by Peter Holtz
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A client came to us worried because ChatGPT told her she could not write off her vehicle. She is a 1099 contract hygienist who drives from office to…
A client came to us worried because ChatGPT told her she could not write off her vehicle. She is a 1099 contract hygienist who drives from office to…
Shared by Peter Holtz
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Changing your business name, merging entities, converting from one entity type to another, or restructuring ownership can all trigger tax events if…
Changing your business name, merging entities, converting from one entity type to another, or restructuring ownership can all trigger tax events if…
Shared by Peter Holtz
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Everyone assumes a C Corp means double taxation. That's only true if you pull every dollar out into your personal account, and there is rarely a good…
Everyone assumes a C Corp means double taxation. That's only true if you pull every dollar out into your personal account, and there is rarely a good…
Shared by Peter Holtz
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A generalist approach to tax preparation works for simple returns. It does not work for businesses in industries with specific, complex tax…
A generalist approach to tax preparation works for simple returns. It does not work for businesses in industries with specific, complex tax…
Shared by Peter Holtz
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This happens more often than you would think. Medical practice owners still operating as a sole proprietorship, simply because no one told them a…
This happens more often than you would think. Medical practice owners still operating as a sole proprietorship, simply because no one told them a…
Shared by Peter Holtz
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Today, I had the privilege of visiting Holy Angel University alongside our Accounting Director, Levy Pangan, to personally meet the accounting…
Today, I had the privilege of visiting Holy Angel University alongside our Accounting Director, Levy Pangan, to personally meet the accounting…
Shared by Peter Holtz
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An accountable plan is essentially a business expense report for your own company. It gives the IRS the documentation needed to justify your write…
An accountable plan is essentially a business expense report for your own company. It gives the IRS the documentation needed to justify your write…
Shared by Peter Holtz
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An economic downturn is not just a challenge. For prepared business owners it is also a planning opportunity. Business losses can sometimes be…
An economic downturn is not just a challenge. For prepared business owners it is also a planning opportunity. Business losses can sometimes be…
Shared by Peter Holtz
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This is one of the most common confusions we see. Your P&L shows profit, but there's no cash in the bank. Where did it go? Usually into inventory…
This is one of the most common confusions we see. Your P&L shows profit, but there's no cash in the bank. Where did it go? Usually into inventory…
Shared by Peter Holtz
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This is one of the most common structural mistakes business owners make. Keeping real estate inside your operating business exposes it to every…
This is one of the most common structural mistakes business owners make. Keeping real estate inside your operating business exposes it to every…
Shared by Peter Holtz
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You are not going to like this. But someone has to say it. If your books are not reconciled every month and you are not reviewing your P&L and…
You are not going to like this. But someone has to say it. If your books are not reconciled every month and you are not reviewing your P&L and…
Shared by Peter Holtz
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Equity compensation is a powerful tool for attracting and retaining talent. It is also one of the most tax-complex decisions a business owner can…
Equity compensation is a powerful tool for attracting and retaining talent. It is also one of the most tax-complex decisions a business owner can…
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Most S Corp owners pick a salary number and hope for the best. That is not a strategy. The IRS requires a reasonable compensation study based on your…
Most S Corp owners pick a salary number and hope for the best. That is not a strategy. The IRS requires a reasonable compensation study based on your…
Shared by Peter Holtz
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Contributions made through a qualified profit-sharing plan are generally tax-deductible for the business. They also create a meaningful benefit that…
Contributions made through a qualified profit-sharing plan are generally tax-deductible for the business. They also create a meaningful benefit that…
Shared by Peter Holtz
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Business credit is not just about getting approved for a loan. It affects the terms you receive, the vendors willing to work with you, the financing…
Business credit is not just about getting approved for a loan. It affects the terms you receive, the vendors willing to work with you, the financing…
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Too many accountants act like box fillers. They get you to the goal line and then back up 20 yards just to feel safe, leaving deductions on the table…
Too many accountants act like box fillers. They get you to the goal line and then back up 20 yards just to feel safe, leaving deductions on the table…
Shared by Peter Holtz
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Austin Rice, CPA
Is the PTET now obsolete for California business owners? Does the changing of the state-and-local tax (SALT) cap from $10k to $40k make the passthrough entity tax credit (PTET) worthless? The answer is a resounding "no" for several reasons. A few: • Helpful for those who are not homeowners. Can utilize standard deduction and then still deduct some/most/all of SALT tax through PTET mechanism. • Also, PTET can be used in the year of a business sale to capture SALT deductions that far exceed $40k. Moral of the story for California business owners: A) Don't give up on PTET and B) Consider paying PTET installment #1 in California to preserve the right to use PTET. If you choose not to make the election, installment #1 is refundable! If your tax pro is not talking to you about CA PTET - let me know if you have questions!
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