Dear Clients, The “One Big Beautiful Bill Act” (OBBBA) was signed into law by President Trump on July 4, 2025, bringing much needed clarity on several key tax issues (and much more). Setting politics aside, the bill has several particularly “beautiful” parts (and some less than beautiful) that I feel are important to underscore. Extension … Read more
Dear Corporate Clients, There has been a new update from the government regarding the Beneficial Ownership Information (BOI) reporting. The BOI is a mandatory requirement once again. ALL corporations (S-Corp, C-Corp, LLC) are required to file the BOI by March 21, 2025. This mandate threatens heavy penalties if not filed promptly and on time … which, … Read more
Dear Clients, This will be a very interesting and complicated year for taxes. 2025 began with what is already being touted as the most expensive natural disaster in US history: the recent wildfires. The wildfires affected many of you; please know that you remain in our prayers, and we will work with you to ensure … Read more
Dear Clients, If you were expecting a letter from Mike, you should know that he has finally passed his mantle on to me, Leo, and departed in his fiery chariot to the heavenly bliss of retirement (but more on that later). Welcome to the final year of Michael Di Pietro, CPA, Inc.! We are not … Read more
It is our pleasure to inform you that Michael Di Pietro, CPA, Inc. has been selected as the winner for the 2020 Best of Monrovia Awards in the category of Certified Public Accountant. Notification to other award winners in Monrovia will be made over the next several weeks. After all award recipients have been notified, … Read more
Dear Client, Please find attached at the bottom three important memos detailing and summarizing the recently passed (March 27) CARES ACT. The CARES ACT is a huge $2.2 trillion economic stimulus bill to offset the economic hardship that was caused by the government-mandated Coronavirus lockdown. Virtually every citizen will benefit from this bill, but particularly … Read more
So, it’s been a few months since you wrapped up your 2018 taxes and you are in dire need of a much needed break from the financial pressures of tax season. However, you can’t quite let go of that nagging feeling that there will be some changes to be mindful of for next year. Preparing … Read more