Westside Financial

Westside Financial provides personal CFO services that include Accounting, Tax, and Financial Planning. We help business owners create an environment that maximizes profitability, tax efficiency and promotes the long term accumulation of wealth.

Operating as usual

broadridgeadvisor.com

Last-Minute Tax Tips

The filing deadline for 2019 federal income tax returns is April 15, 2020. Although the date is approaching quickly, there is still time to take steps that might lower your tax liability and facilitate your taxpaying experience.

https://www.broadridgeadvisor.com/KT/trns.aspx?nl=y&xd=NSD-FINK3_0320&il=ff

broadridgeadvisor.com Although April 15 is approaching quickly, there is still time to take steps that might lower your tax liability and facilitate your taxpaying experience.

broadridgeadvisor.com

Don't Let a Disaster Keep the Lights Off Forever

In light of the current pandemic, a lot of small & medium enterprises are in such a tight situation.

SMEs can be hit especially hard when extreme weather or other unforeseen events result in major damage and/or force temporary closures. In fact, nearly 40% of small businesses never reopen following a disaster.

With enough foresight, recognize the potential risks that threaten your business and have a thoughtful disaster plan ready.

This article summarizes 3 key steps to plan how to bounce back with your business insurance:
1. Check your coverage
2. Be aware of exclusions
3. Be ready to recover

https://www.broadridgeadvisor.com/KT/trns.aspx?nl=y&xd=NSD-AI4_DISAST_0320&il=ff

broadridgeadvisor.com It's important to identify the potential risks that threaten your business, create a thoughtful disaster plan, and obtain adequate insurance.

broadridgeadvisor.com

Working from Home: Is It Rewarding or Restricting?

More and more companies are shifting their employees to work from home in an effort to slow the spread of the coronavirus pandemic.

Read more about remote work setup, learn important points, and weigh the pros and cons from this article:

https://www.broadridgeadvisor.com/KT/trns.aspx?nl=y&xd=NSS-REMOTEWORKQ120&il=ff

broadridgeadvisor.com Working from home might sound ideal, but there are some financial considerations to think about before you decide it's right for you.

broadridgeadvisor.com

Five Red Flags That Raise the Odds of an Audit

The IRS audited about 1 million tax returns in fiscal year 2018, and nearly 75% of those examinations were conducted entirely through correspondence.1 Taxpayers selected for an official audit are notified by mail.

Confusing matters, the IRS also mails other types of compliance notices, which may propose additional tax based on math errors, the automated detection of underreported income, or other factors.

There's no way to know exactly what will trigger an audit, but one or more of the following red flags could make it more likely that the IRS will take a closer look at your tax return.

Click the article to learn more:

broadridgeadvisor.com Here are some tips that may help you avoid an IRS audit.

broadridgeadvisor.com

The SECURE Act and Your Retirement Savings

broadridgeadvisor.com Learn how important provisions of the SECURE Act could affect retirement, tax, and estate planning strategies.

About

Ken Cornutt founded Westside Financial as a response to the growing need for financial services in Southern California’s expanding economic landscape. A Certified Public Accountant since 2008, and a CERTIFIED FINANCIAL PLANNER™, he is a member of the Financial Planning Association, and the AICPA.

As a Seattle native, he started his career working for a Big 4 firm where he was assigned to a broad range of clientele that included everything from Venture Capital to Fortune 100 companies. He then transitioned to Los Angeles where he assisted a growing startup’s initial push towards IPO. After working in corporate finance and tax departments for a number of years, including time spent as CFO, he started Westside Financial.

Ken believes the success of Westside Financial is completely embedded in the success of his clients. This creates a deep interest in building long-term relationships and a true desire to participate in the success of others.

He currently resides in beautiful Brentwood, California.

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Location

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814 S Westgate Ave Ste 240
Los Angeles, CA
90049

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00
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