Loya Tax Services
Call Us: (818) 842-0392

Happy New Year 2013

Dear Valued Clients,

Happy New Year! From all of us here at Loya Tax Services. We have enclosed our handy yellow worksheet to help you be well prepared for your upcoming appointment. We will be requiring all clients who have deductions (personal and/or business) to use our worksheet, your own worksheet, and/or any other helpful worksheets. We have several worksheets on our new and improved website at LoyaTax.com to help you get organized.

If you have not already made your tax appointment, please call us ASAP to schedule an appointment with any of our skilled tax preparers. You can always drop off or mail in your income tax return information along with a completed worksheet. We will try to complete your return in one week or less. We are also making appointments for the next tax year 2013. Please feel free to call us for any of your tax service needs.

As with last year we are continuing to make changes here at Loya Tax Services. In our efforts to reduce paper and go paperless you will see some changes in our folders that we give to you at the end of your appointment. We will now provide you with your return on a CD, as well as the documents you brought to us and any worksheets that we used in completing your return. We are dedicated to improving our company to better serve you and your needs with the highest grade of professionalism.

As for tax changes included in Congress’ fiscal cliff legislation, a tax rate of 39.6% (up from 35%) will be imposed on individuals making more than $400,000 a year, $425,000 for head of household, and $450,000 for married filing joint. The 2012 business standard mileage rate is 55.5 cent. The maximum traditional IRA contribution deduction is still $5,000 and must be made by April 15, 2013. Many of the personal deductions and exclusions; and business provisions that were set to expire have been extended through 2013.

There are a few important reminders. Under both Federal and California law, we are now required to electronically file your returns. For those taxpayers who receive 1099’s and/or are sole proprietor doing business in Los Angeles County please be aware of the business license requirements and the due date of February 28, 2013. The business license application/renewal forms are available online at www.lacity.org\finance.

Thank you from all of us here at Loya Tax Services for making 2012 another successful tax season. We wish you the very best this upcoming year and hope to see you for many years to come. Your referrals have helped our company grow and we will work hard to accommodate any of your friends and family that need our services. We truly do appreciate your continued business and support. For further assistance please visit our website at www.loyatax.com


Loya Tax Services

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