August 1, 2021 The Newspaper Serving LGBT Los Angeles

Get the Most out of Your Tax Filing With Mofrad Financial Solutions

Local finance firm meeting the needs of small/medium sized businesses and individuals

Tax season is fast approaching – and to get the most out of your preparation/filing experience look no further than Mofrad Financial Solutions. With more than 20 years in practice, their team specializes in small/medium sized businesses (and individuals) to meet their ongoing tax, accounting, and wealth management needs.

The firm was founded in 1996 by Ed Mofrad, a CPA and a former IRS agent. For the past 25 years, he and his team at Mofrad Financial Solutions have been helping taxpayers with their related needs.

“We call ourselves entrepreneurial accountants,” said Ed, the President of the company. “We are really several firms due to our practice of business valuations/forensic accounting, wealth management, and also traditional accounting/bookkeeping services.

“Our clients are across-the-board, but we tend to be favorites with educators, realtors, medical professionals, IT/Manufacturers, and our biggest fans: The LGBT Community.”

Tax services the firm offers include planning, advisement, preparation/e-filing, resolution (against the IRS/FTB), and tax audit representation.

“Our team of tax experts are available to guide through your filing responsibilities. We work with businesses and individuals to prepare/file returns, resolve tax authority issues, and stay compliant with various agencies” the company’s website says.

The firm also provides consulting services including corporation formation/dissolution and loan application programs (including pandemic related fundings).

“Every business must begin with its choice of entity type. Do you know which works best for you? Our firm can help you decide the format most appropriate – as well as file the necessary paperwork with Federal and State Authorities,” says the company, who can help clients form LLCs, corporations, partnerships, and more.

In addition, Mofrad Financial Solutions is certified by the National LGBT Chamber of Commerce. Part of what sets the firm apart from other companies is its expertise in registered domestic partnership (RDP) tax law. According to Mofrad, such services can be very worthwhile for qualifying clients (heterosexual as well as LGBT).

“We truly specialize in it. The tax advantages are tremendous in a community property state like California” Mofrad said.

“RDP is an often overlooked area of the tax code that provides tremendous benefits to unmarried couples (same sex or otherwise!). Rather than two individuals filing separate federal/state returns, RDPs can take advantage of unique favorable tax advantages. Any dollars saved from taxation are dollars earned for investment. This area of the tax code can be tricky and unfamiliar to many taxpayers and preparers alike, but our firm has specialized in the area for many years.”

On top of the wide range of specialized services the firm offers, Ed Mofrad takes pride in the fact that all the team members are minorities.

“All of us are minorities in this firm. Collectively, we speak Vitenamese, Tagalog, Spanish, Croatian, Farsi,” Mofrad said.

Regardless of your needs and circumstances, Mofrad Financial Solutions can benefit a wide range of clients with its hybrid ability to cater to both business owners and individuals (in a one-stop-shop format) all in a personal and welcoming environment.

“We are truly a family. People who visit us report just loving to be here. They enjoy the atmosphere at our office,” Mofrad said. “As our slogan goes: You won’t know us until you’ve tried us; to know us is to love us!”

To learn more about Mofrad Financial Solutions, call (213) 388-8400, email ed@mofradfinancial.com or visit www.mofradfinancialsolutions.com. Also “friend” the firm and/or Mofrad on social media (FB, Twitter, LinkedIn) to get practical daily articles regarding various related topics. The firm is located at 3424 Wilshire Blvd #1020, Los Angeles, CA 90010.

Related Posts

Strut BAR & CLUB Presents Mimosa Girls Drag Brunch

July 26, 2021

July 26, 2021

Strut BAR & CLUB has announced its weekly drag brunch featuring the Mimosa Girls.  Costa Mesa’s ALL inclusive location for...

WeHo Asking For Community Input On Naming Request to Rename the West Hollywood Library

July 26, 2021

July 26, 2021

The City of West Hollywood is conducting a community survey to solicit public input about a naming request to rename...

Disneyland Drops ‘Boys and Girls’ Reference

July 19, 2021

July 19, 2021

Disneyland will be changing the introduction to its nightly fireworks show from “Good evening, ladies and gentlemen, boys and girls,...

Trans Incident At Wi Spa May Have Been Staged

July 19, 2021

July 19, 2021

On June 24th an Instagram user “cubaangel” posted a video of herself angrily confronting a staff member at the Wi...

Podcast Host Mat George Killed In Hit-And-Run

July 19, 2021

July 19, 2021

Mathew George, gay co-host of the podcast “She Rates Dogs”, has died at the age of 26 after a hit-and-run...

Serenity Hollis, 25th Trans Person Murdered- E.P.I.C Pride Show, June 30th, 2021

June 29, 2021

June 29, 2021

E.P.I.C Pride, Highlighting the latest LGBTQ news in Entertainment, Politics, International affairs, and Culture. – Serenity Hollis, 25th Trans Person...

Cops Banned From NYC Pride- E.P.I.C Pride Show, June 23rd, 2021

June 22, 2021

June 22, 2021

E.P.I.C Pride, Highlighting the latest LGBTQ news in Entertainment, Politics, International affairs, and Culture. – Cops Banned From NYC Pride...

Dogdrop’s List Of LGBTQ+ Pet Accessories

June 20, 2021

June 20, 2021

Dogdrop, a queer owned dog daycare in Los Angeles, is highlighting a list of LGBTQ+ pet accessories for Pride month. ...

Drag Filled Cocktail Event At the Beverly Center

June 19, 2021

June 19, 2021

On June 17th Beverly Center and The Webster hosted a private cocktail event with some of the city’s brightest LGBTQ+ stars. ...

Beverly Center Pride Celebrations For Pride Month

June 19, 2021

June 19, 2021

Throughout Pride month from June1st – June 30th the Beverly Center will honor the LGBTQ+ community with its long-standing PRIDE...

Caitlyn Jenner Running For California Governor – E.P.I.C Pride Show, June 16th, 2021

June 15, 2021

June 15, 2021

E.P.I.C Pride, Highlighting the latest LGBTQ news in Entertainment, Politics, International affairs, and Culture. – Caitlyn Jenner Running For California...

Talkshoplive Announces GLAAD As June Charity

June 11, 2021

June 11, 2021

As Pride Month kicks off, talkshoplive, the groundbreaking livestream commerce platform, announces GLAAD will be talkshoplive’s charity of the month...

LA Pride Announces “Thrive With Pride” Theme – E.P.I.C Pride Show, June 9th, 2021

June 9, 2021

June 9, 2021

E.P.I.C Pride, Highlighting the latest LGBTQ news in Entertainment, Politics, International affairs, and Culture. – LA Pride Announces “Thrive With...

The Abbey Food & Bar Celebrates 30 Years

May 23, 2021

May 23, 2021

On May 23rd The Abbey Food & Bar celebrated 30 years since its founding in May 1991. The Abbey has...

Artists Featured For SaMo Pride Rainbow Road Art Walk

May 23, 2021

May 23, 2021

In honor of Pride month Santa Monica Pride (SaMo Pride) will feature a Rainbow Road Art Walk from June 4th-...