1099-NEC versus 1099-MISC
As the year draws to a close, it is a perfect time to prepare for the upcoming tax filing requirements. One type of tax form that is due sooner than usual is […]
The New COVID-19 Relief Bill: What You Need To Know
A $900 billion COVID-19 relief bill was just passed by both the House and Senate on Monday, December 21st. Although the bill now has to be signed by President Donald Trump before […]
Carried Interest: How It’s Changing
The Tax Cuts and Jobs Act of 2017 included Section 1061 which stated that certain taxpayers that hold profits interests in partnerships must satisfy a three-year holding period to qualify for preferential […]
Trump’s Payroll Tax Break: What You Need To Know
As you may recall, earlier last month (August 8), President Trump issued an executive order allowing employers to defer withholding and payment of a portion of their employees’ Social Security taxes if […]
Paycheck Protection Program Flexibility Act: New PPP Rules!
The Paycheck Protection Program Flexibility Act (PPPFA) was signed on June 5, 2020 and revises several rules, making qualifying for full loan forgiveness easier for many small businesses. Make sure you read […]
Five Ways Small Businesses Can Make a Big Impact During the Pandemic
During this scary and uncertain time, it can often be hard to find inspiration or know how to be of service. Worrying about finances, school, work, and our families can take a […]
PPP Loan Forgiveness Rules
With the first round of funding completed and the second round underway, several businesses have received their Paycheck Protection Program loans from the SBA. This article will guide you through the rules […]
Financial Assistance Options for Small Businesses impacted by COVID-19
As we work together to find a sense of normalcy amidst the COVID-19 pandemic, we recognize that many of our small business clients are facing challenges as they continue to operate and […]
Minimum Wage Increase 2020
2020 California Minimum Wage Changes 2020 has come with many changes for employers and employees, the first being minimum wage. Beginning January 1, 2020, minimum wage has increased for all California employers. […]
The Breakdown: Payroll Wages & Taxes Edition
If you’re considering hiring employees, it’s critical that you understand the payroll tax obligations that you have as an employer. With all the confusion surrounding how payroll taxes works, failing to report […]
July 2019 Sales Tax Changes
Sales tax rates have once again changed! Beginning July 1st, numerous states have changed local sales tax rates with a few changing their state rates. In California, changes have only been made […]
New CA Small Business Sexual Harassment Training Changes
California has previously mandated that all employers with at least 50 employees conduct a sexual harassment prevention course for all employees. This meant that many small businesses had no obligation to provide […]