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Willits & Madden, PC
Cerified Public Accountants
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Tax Alerts
Tax Briefing(s)
Congress Approves Sweeping Tax OverhaulTax Cuts and Jobs Act2017 Year-End Tax Planning
2018 Inflation-Adjusted Amounts Modified
The IRS has modified certain previously released inflation-adjusted amounts. Generally, these new inflation-adjusted figures apply to tax years beginning in 2018 or transactions or events occurring in...
Virtual Currency Transactions: They Are Reportable
The IRS has reminded taxpayers that income from virtual currency transactions is reportable on their returns and that these transactions are taxable just like those involving any other property.Virtua...
New Carried Interest Holding Period to Apply to S Corps
The IRS plans to issue regulations clarifying the new three-year holding period for certain carried interests. The new regulations will provide that partnership interests held by S corporations are su...
Proposed Regs Would Expand ACA-Exempt Short-Term Insurance
In response to President Trump’s Executive Order 13813, the Departments Health and Human Services, Labor and the Treasury (the Departments) are proposing regulations to expand the availability o...
IRS Ending Offshore Voluntary Disclosure Program
The IRS has announced it will begin to shut down the 2014 Offshore Voluntary Disclosure Program (OVDP). The program will close on September 28, 2018. Therefore, U.S. taxpayers with undisclosed foreign...
OPR Highlights Important Process Change
The IRS Office of Professional Responsibility (OPR) on March 6 issued an alert highlighting an important process change. The OPR has modified its investigation procedures to give practitioners an oppo...
New Withholding Calculator, W-4 Released
The IRS has released a new withholding calculator, as well as a new version of Form W-4, Employee’s Withholding Allowance Certificate. The new withholding calculator will let employees check tha...
CA - Distributors’ first quarter 2018 cannabis tax return is due
California advises cannabis distributors that the cannabis tax return and payment for the period January 1, 2018, through March 31, 2018, is due by April 30, 2018. Electronic cannabis returns are now ...

 

NEW PARTNER ANNOUNCEMENT

 

I would like to take this opportunity to inform you of some changes that are taking place within our firm.  As of September 30, 2017, it is our pleasure to introduce to you Michael Madden, who is an equity partner in the firm.

Michael spent the most recent tax season with us assisting in getting through the busy season.  He has run his own tax firm over the past nine years and will be bringing his clients with him into the newly named Willits & Madden, PC.

Michael, a California CPA and Encinitas local has a Bachelor’s degree in Political Science from UCSD and his Master’s in Taxation from CSU Sacramento.  He and his wife, Sally, are raising three beautiful daughters and the entire family stays active with sports and other outdoor activities.

Michael will be serving clients who were formerly served by Greg Miller or Gavin Haswell.  We know that you will be pleased with the changes and that you will place your trust in him as we move forward. 

 

Our email and website addresses will be changing.  Please make note of the following:

 

Clayton Willits, CPA: cwillits@willitsandmadden.com

Michael Madden, CPA:  mmadden@willitsandmadden.com

Joy Willits: jwillits@willitsandmadden.com

Becky Etienne: betienne@willitsandmadden.com

 

We are confident that you will join us in welcoming Michael and know that he is a competent practitioner as well as being attentive to your tax preparation and planning needs. 

 

Sincerely:

 

Clayton S. Willits, CPA




Serving Coastal North San Diego County