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Welcome to the Executives Association of Long Beach Member Directory

The long standing slogan of the association has been "Business is our Business". The Executives Association of Long Beach (EALB) was founded in 1922. It is an association of Long Beach business executives, each of whom represents his or her respective firm at the management level.

The Long Beach Executives Association is a member of the International Executives Association, a worldwide group of similar associations. It is not a service club, a social group or fraternal order. The EALB is a networking group for business owners and high level executives. It has but one unique objective: to capture the natural bond of common interest which exists between business executives and by regular weekly meetings, develop and enjoy a brand of fellowship conducive to the creation of additional and profitable business for all its members.

It does not require its members to patronize each other, but it does provide opportunities for each member to promote their products or services and it can open doors that otherwise are closed to desired business. Members of the EALB often consider the association as an extension of their own business or profession.

MEETING INFORMATION:

Location: The Grand

Day: Monday

Time: 12pm - 1:15pm

Visitors please contact us to be our guest.

 

Eric Bloomer | January 21, 2019

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On Monday, January 21st the Executives Association of Long Beach met for their weekly networking luncheon to hear from Eric Bloomer of Sawin and Kotani. 

Sawin and Kotani was established around 2006 when Craig Kotani became partner of the accounting firm. Sawin and Kotani specialize in annual taxes, tax planning, corporate taxes, bookkeeping, complications, reviews and audits. While other places will use enrolled agents to prepare and review your tax documents, Sawin and Kotani have fully trained CPAs looking at every account that they manage.

Eric Bloomer has worked for Sawin and Kotani for almost ten years. He has his bachelors in accounting and just recently passed the CPA exam. Eric was raised in the Southern California area and currently resides in Torrance.

Eric’s talk gave us updates on the how the government shutdown is affecting tax returns and provided insight into the new tax laws. Due to the government shutdown, there might be a delay for the January 29th opening date to file your taxes. If you have questions in regards to your taxes, the IRS is currently not taking calls. However, the IRS is still taking payments through their website and automated phone service.

There are some things to note about the changes for this year’s taxes. For individual returns the available standard deduction amount has doubled. Deductions are also getting capped at 10,000 for state and local taxes. For new mortgage interest the deduction is limited to interest on the first 750,000 of the acquisition debt or mortgage debt. Unreimbursed business expenses like mileage, union dues, and legal fees can no longer be written off by the individual but can still be written off by the business. The exemption deductions for dependents has been eliminated but the child tax credit has increased.   For businesses there is no longer an entertainment deduction like sports games. A 199a deduction will allow you to take up to 20 percent of your income as a deduction with the business goal of hiring more employees. The phaseout threshold for the 199a is 150,000for individuals and 300,000 for joint.

This year’s tax returns might be difficult compared to last year due to the shutdown and new laws. When you decide to file look no further then Sawin and Kotani, where licensed CPA’s, Craig and Eric, will answer all of your questions and walk you through this year’s tax returns.

 

Next Meeting: 

Next Monday we will be back at The Grand to hear from Dr. Yen of Beach Heights Dentistry 

Announcements:

Remember to invite guests to keep our membership continually growing!

Members, please remember if you are bringing a guest as a potential member please make sure the classification is open

Thank you nomination committee on Selecting our next two nominees for the board of Directors. Eric Speier of 5 Elements Entertainment and Elizabeth Riley of T.G.I.S

1st Classification Postings:

N/A

2nd Classification Postings:

N/A

Membership Postings:

 

Welcome New Members:

 Please welcome Bob Cook of Business Printing and Imaging under the classification of Printing - Small Commercial 

Other Membership News: 

 

Classification of the Month:

Featured Classification for January:

Optometrist and Video Production

Advertisements/Want Ads:

Traveling? Call Pat Ellington for toady's hot deals.

PGA West La Quinta Condo. Call Jim Nesmith for details (562) 900-2230.

Board Meeting Minutes: 

   N/A                                                                              

 
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Open Classifications:

Click here to view a list of our open classifications.

If your classification is open please contact us to be invited to lunch. Membership is by invitation.

 
 
 

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