Category Archives: Business


To Each & Every One of Our Valued Clients…Thank You!

27

Apr 2017

To Each & Every One of Our Valued Clients…Thank You!

Another successful tax season has come and gone, and none of it would be possible without your loyalty and continued trust in our services. At Paragon Accounting Group, we never want you to forget how much we value our relationships with each and every one of you as our clients. Strong and reliable partnerships are what businesses are built on. We hope to continue to earn your business…

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Pay Attention To These 2017 W-2 & 1099 Filing Deadlines

08

Jan 2017

Pay Attention To These 2017 W-2 & 1099 Filing Deadlines

With a new year, comes new tax laws. The arrival of 2017 comes with different W-2 and 1099 deadlines that are important to you and your business. In the past, employers had to provide employees with their W-2 copies by January 21st. Additionally, employers have had until February 28th to submit paper filings (or March 21st for electronic filings). Beginning with 2016 forms, employers will…

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How Will Assembly Bill 2883 Impact Workers’ Compensation Policies?

13

Dec 2016

How Will Assembly Bill 2883 Impact Workers’ Compensation Policies?

Business owners be aware: the passage and signing of Assembly Bill 2883 comes with a lot of changes to workers’ comp. Assembly Bill 2883 (AB 2883) requires that all business workers’ compensation insurance policies will now cover certain officers and directors of private corporations, as well as working members of partnerships and limited liability companies that may have been excluded in the past. Prior to…

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Company Records: How Long Should You Keep Them?

01

Nov 2016

Company Records: How Long Should You Keep Them?

Any business’s company records are a crucial part of managing and maintaining a successful company. Not only do they provide detailed hiring practices and compliance with regulations, they ultimately show the amount of taxes a business owes. So, how long should these records be kept? Well, it depends. Take a look at the following types of business records to know just how long you should…

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Mark Your Calendars: CA Sales Tax Rates Decrease, Effective Jan 1st, 2017

29

Sep 2016

Mark Your Calendars: CA Sales Tax Rates Decrease, Effective Jan 1st, 2017

January 1, 2017 – California state sales and use rate will decrease by 0.25% The California State Board of Equalization announced that, as of this date, the 0.25% increase in the statewide sales and use tax will expire. This was approved by voters in 2012 and became effective in 2013. Per prop 30, the statewide rate will drop from 7.5% to 7.25%. While many counties and…

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Are Retail Sales Helping or Hurting Your Business?

24

Aug 2016

Are Retail Sales Helping or Hurting Your Business?

Retail sales have been losing steam in recent months as Americans cut back on their retail spending, showing a growing moderation in consumption. More data indicated the biggest drop in producer prices recorded in almost a year, amongst decreasing costs for energy goods and services. With consumer spending decreasing and inflation stable, The Federal Reserve will probably keep interest rates where they’re at. July’s retail…

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Stay Up-To-Date On Final Overtime Rules

17

Aug 2016

Stay Up-To-Date On Final Overtime Rules

As of December 1st, 2016 the Department of Labor (DOL) has increased the minimum salary requirements for exempt administrative, professional, and executive employees. These exempt employees are immune from the The Fair Labor Standards Act (FLSA), which explicitly states that employers MUST pay their employees at least the minimum wage amount (which varies by state and municipality) for all hours worked. Employers must also must…

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Worker’s Compensation- Is It Absolutely Necessary?

30

May 2016

Worker’s Compensation- Is It Absolutely Necessary?

Worker’s compensation insurance is a required, state-specific law that provides employees monetary relief in the event of any injuries or accidents that occur as a result of employment. In California, employers are required to have worker’s compensation for their employees under Labor Code Section 3700 even if they only have one; employers are not required to obtain worker’s compensation for independent contractors whose services are enlisted by the employer. However, it…

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Deadline Approaching: April 18th is the Last Day to File Taxes

13

Apr 2016

Deadline Approaching: April 18th is the Last Day to File Taxes

Still haven’t filed your taxes yet? Time is running out! Monday, April 18th is the last day to file taxes for 2015. Why the later date? The Capitol will be celebrating Emancipation Day on April 15th, giving you three extra days to get those pesky returns over to the IRS. Estimated tax payments are also due on April 18th. If you need some more time…

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