Sophia Yu, CPA
Partner — Tax Advisor, Hospitality & Small Business
Sophia is a CPA who has spent her career working closely with business owners. She specializes in small business restructures, S Corporation strategies, partnerships, and tax-efficient retirement and investment planning for the hospitality and professional services industries.
Articles
As the year comes to a close, it’s a great time to get proactive about your personal tax planning. A few smart steps before December 31 can help reduce your tax bill, boost your savings, and keep you…
Sophia Yu, CPA·November 19, 2025
Updated: Dec 11, 2025
Sophia Yu, CPA·November 13, 2025
As the year winds down, many business owners and real estate investors are focused on wrapping up projects, managing cash flow, and preparing for the holidays. But there’s one crucial thing you can’t…
Sophia Yu, CPA·October 28, 2025
If you’re self-employed or own a small business, one of the best ways to build wealth and save on taxes is through a retirement plan.
Sophia Yu, CPA·October 23, 2025
For high-income earners, contributing directly to a Roth IRA is often restricted by income limits. Two popular workarounds are the Backdoor Roth IRA and the Mega Backdoor Roth IRA—but it’s important…
Sophia Yu, CPA·September 9, 2025
Updated: Sep 25, 2025
Sophia Yu, CPA·September 2, 2025
For many small business owners and self-employed professionals, taxes are one of the largest expenses each year. The good news? One of the most effective ways to cut your tax bill is also a smart…
Sophia Yu, CPA·August 26, 2025
If you’ve been thinking about adding an electric vehicle (EV) to your business fleet or personal garage, the clock is ticking. The federal EV tax credit—worth up to $7,500 for new EVs and $4,000 for…
Sophia Yu, CPA·August 19, 2025
Updated: Aug 14, 2025
Sophia Yu, CPA·August 12, 2025
Running your business from home comes with a lot of perks—flexibility, no commute, and the ability to wear slippers to meetings. But one of the biggest (and most underrated) advantages? The home…
Sophia Yu, CPA·August 5, 2025
As a business owner, paying yourself isn’t as simple as transferring money from your business bank account to your personal one—at least not if you want to stay on the IRS’s good side. The method you…
Sophia Yu, CPA·July 30, 2025
When you start or grow a business, one of the most important decisions you’ll make is how to structure it — not just legally, but for tax purposes. Many small business owners begin with a Limited…
Sophia Yu, CPA·July 23, 2025
On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) into law, introducing new tax deductions that could save millions of workers thousands — especially those in the service and…
Sophia Yu, CPA·July 15, 2025
Updated: Jul 11, 2025
Sophia Yu, CPA·July 9, 2025
Updated: May 23, 2025
Sophia Yu, CPA·May 22, 2025
If you own both a business and the property it operates from, you may be sitting on a powerful—but often misunderstood—tax situation.
Sophia Yu, CPA·April 29, 2025
Yes, Your Business Can Have a Board Meeting—And It Can Help Support Tax Deductions
Sophia Yu, CPA·April 23, 2025
Updated: Apr 23
Sophia Yu, CPA·April 12, 2025
If you’re like most business owners, you’re probably paying for a lot of business expenses out of your personal pocket—your home office, your phone bill, even mileage or small supplies here and there.
Sophia Yu, CPA·April 9, 2025
As the April 15 deadline approaches, it’s easy to feel like the window for tax savings has already closed. Most of the big planning opportunities do happen before year-end—but that doesn’t mean…
Sophia Yu, CPA·March 25, 2025
Updated: Mar 5
Sophia Yu, CPA·March 4, 2025
I can’t tell you how many franchise owners I’ve worked with who were blindly following their franchisor’s setup—only to find out later they had overpaid the IRS by thousands of dollars.
Sophia Yu, CPA·February 25, 2025
Updated: Feb 5
Sophia Yu, CPA·February 4, 2025
As we move through the 2025 tax year, several tax rules already in effect may impact how much you owe—and how much you can save. While 2025 doesn’t bring sweeping tax reform, inflation adjustments,…
Sophia Yu, CPA·January 21, 2025
If you accept payments through platforms like Stripe, Square, PayPal, Venmo, Etsy, Amazon, or Shopify, you may receive a Form 1099-K this year. Even if you’ve seen it before, the rules and IRS…
Sophia Yu, CPA·January 14, 2025Proactive tax strategies and updates, no spam.