Nirali Chokshi

 By Nirali Chokshi Amid the disorder of a government shutdown and an unstable stock market (things that we cannot control), let’s keep focus on things we can control. As people tend to have a mindset of a fresh start in the new year by working out, eating healthy, or following through a goal, it’s also good to do a maintenance …

Crypto-What?? By Nirali Chokshi Bitcoin, Ripple, Ethereum, Litecoin – what do they have in common? These are all types of different cryptocurrencies. You’ve heard a lot of these words in the news, articles, or amongst friends, but is this something you should get into? Should you buy/invest in them? That’s really for you to decide, but first you should understand …

Thinking About Finances at Diwali By Nirali Chokshi, CPA Happy Diwali! Diwali is one of the most auspicious celebrations for Hindus, Jains, Sikhs, and Newar Buddhists, and has many different meanings to people in addition to celebrating the triumph of light over darkness and good over evil. From an accounting standpoint, many also take time to reflect, give thanks to …

Green Energy Tax Savings By Nirali Chokshi, CPA The Earth is such a beautiful planet. We only have one to live on. If you’re paying attention to the news, you will see the government has deregulated environmental protection standards on companies. So what does this mean? It gives companies more rights to abuse the environment and not think of the …

Healthy Financial Habits By Nirali Chokshi, CPA Healthy habits usually have an automatic relation to food and exercise, but it can also apply to your finances and taxes. Developing adequate preventative health habits is comparable to developing proper financial habits to make that inevitable rainy day just a little bit less stressful. As I’m a huge believer in preventative health, …

Healthy Financial Habits By Nirali Chokshi, CPA Healthy habits usually have an automatic relation to food and exercise, but it can also apply to your finances and taxes. Developing adequate preventative health habits is comparable to developing proper financial habits to make that inevitable rainy day just a little bit less stressful. As I’m a huge believer in preventative health, …

IRS SCAMMERS By Nirali Chokshi, CPA *Ring Ring* You: Hello? Pretend IRS: Yes, this is the IRS. You have $5,000 due for your 2014 taxes. Either pay by end of business day or I’ll have the cops arrest you. You: Get lost. That is what I hope your response would be if you ever get one of these calls. Internal …

Misconception about Itemized Deductions/Schedule A on your Tax Return “Sure, you can deduct that on your tax return.” How many times have you heard that statement before? But can you really? As taxes are a hot topic in the news and your social gatherings, I hear numerous questions on deductions. What’s allowed? How much can I deduct? To what extent …