Carothers and Associates Inc

Carothers and Associates Inc Carothers & Associates, Inc
Roseville, CA Accounting Firm We are a full-service Accounting firm licensed in CA. We are affordable, experienced, and friendly.

We offer a broad range of services for business owners, executives, and independent professionals. Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Charles Carothers CPA, CFE, is the owner of Carothers & Associates. Charles Carothers Graduated from California State University Sacramento

with a Bachelors of Science in Accountancy. After college Charles worked for a Regional CPA firm that was named as a top 25 CPA firm by the Sacramento Business Journal. Charles then went to work for the largest real estate development and property management company in Sacramento as their in-house CPA, preparing the majority of their tax returns. Charles was voted one of the best CPAs in Roseville in 2011-2017 by the readers of Style Magazine.

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not a...
06/16/2026

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not aware of: after-tax, non-Roth contributions. These contributions aren’t subject to the annual elective deferral limit ($24,500 for 2026, plus catch-up contributions if you’re age 50 or older). So, if your plan allows, you can make them after you’ve maxed out your deferral limit, including catch-up contributions, if applicable. They create tax basis in your account that can eventually be withdrawn tax-free. And growth on the money won’t be taxed until you start taking withdrawals. We can review your situation and help you determine whether you might benefit. Contact us at (916) 782-3553.

As your income grows, so do your tax opportunitiesand your risks of overpaying.Families with kids often miss key strateg...
06/16/2026

As your income grows, so do your tax opportunitiesand your risks of overpaying.

Families with kids often miss key strategies that can reduce what they owe and improve long-term financial planning.

If your income has increased over the last few years, it may be time to take a closer look.

✔ Tax strategies for growing families
✔ Planning beyond basic filing
✔ Keeping more of what you earn

👉 CarothersCPA.com




Inherited an IRA? The rules are more complicated than many people expect.Many beneficiaries are surprised to learn that ...
06/15/2026

Inherited an IRA? The rules are more complicated than many people expect.

Many beneficiaries are surprised to learn that inherited retirement accounts can come with important distribution deadlines and tax reporting requirements.

A few areas that often create confusion:

• The 10-year distribution rule
• Possible annual required minimum distributions (RMDs)
• Tax treatment of inherited retirement accounts
• Beneficiary and trust considerations
• Coordinating distributions with overall tax planning

Inherited IRAs can impact taxes for years after the account is received, which is why organization and planning matter.

At Carothers & Associates, we help beneficiaries, retirees, and families navigate inherited account reporting with a clear and professional process.

Learn more about our individual, trust, and estate tax services through our website at www.carotherscpa.com

Will Social Security benefits be available when you retire? Good question. These benefits are unlikely to disappear enti...
06/15/2026

Will Social Security benefits be available when you retire? Good question. These benefits are unlikely to disappear entirely. But payments may be smaller, and the qualifying age for full benefits (currently 65 to 67, depending on your date of birth) may increase. So it’s critical to take advantage of tax-deferred retirement vehicles and to make age-appropriate investments that can help you accumulate adequate savings. Call us at (916) 782-3553 to discuss your retirement goals and ways to achieve them.

Still waiting on your tax refund or amended return?The IRS is continuing to experience processing delays for some return...
06/12/2026

Still waiting on your tax refund or amended return?

The IRS is continuing to experience processing delays for some returns especially paper-filed and amended returns.

A few things taxpayers should keep in mind:

• Electronically filed returns are generally processed faster
• Paper returns and amended returns may take significantly longer
• Missing documents or corrections can increase processing times
• Filing early and submitting complete information helps avoid additional delays

The IRS currently states that amended returns can take 8–16 weeks or longer in some situations.

At Carothers & Associates, we focus on helping clients stay organized with a clear, efficient filing process and secure document handling from the start.

Learn more about our professional tax preparation process through our website at www.carotherscpa.com

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
06/11/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests. For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less. Call us at (916) 782-3553 for help evaluating your eligibility for these and other tax-saving opportunities based on your business’s structure and operations.

Selling investments this year? Don’t forget about taxes.Investment sales can create tax consequences that many people do...
06/10/2026

Selling investments this year? Don’t forget about taxes.

Investment sales can create tax consequences that many people don’t fully realize until filing season arrives.

A few areas investors should keep in mind:

• Capital gains reporting
• Brokerage 1099 forms
• Cost basis tracking
• Multiple investment transactions
• Year-round tax planning opportunities

Good recordkeeping and proactive planning can help reduce surprises and keep the filing process organized.

At Carothers & Associates, we work with investors, retirees, and individuals with brokerage activity using a secure, professional, digital-first process.

Many clients work with us remotely through our secure portal and video appointments.

Learn more about our individual tax preparation services through our website www.carotherscpa.com

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy ...
06/10/2026

Even when your finance and accounting (F&A) team seems to be firing on all cylinders, they may feel burdened with heavy workloads and tight deadlines. Bringing in an external accountant can ease the pressure on your internal team and keep your business running smoothly behind the scenes. If your accounting and bookkeeping workload is piling up, we’re here to help. Call us at (916) 782-3553 to learn how we can support your business.

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
06/09/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us at (916) 782-3553 for help ensuring the best tax outcome.

What documents do trustees usually need for tax filing?Trust and estate tax preparation often involves more documentatio...
06/08/2026

What documents do trustees usually need for tax filing?

Trust and estate tax preparation often involves more documentation than many people expect. Having organized records upfront can help keep the process efficient and avoid delays.

Documents trustees commonly need include:

• A copy of the trust and any amendments
• The trust EIN issued by the IRS
• Prior-year trust tax returns
• Brokerage and investment statements
• Beneficiary information
• Records of trust expenses and deductions

At Carothers & Associates, we work with trustees, beneficiaries, and families to help make trust and estate tax filing more organized, clear, and manageable.

Many clients also work with us remotely using our secure client portal and video appointments.

Learn more about our trust and estate tax services through our website at www.carotherscpa.com

Address

1382 Blue Oaks Boulevard, STE 113
Roseville, CA
95678

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

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