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  • What California’s AB 5 Means for the Gig Economy
    In 2020, the hot topic is California’s Assembly Bill 5, often called the “Gig Economy Bill.” This is because AB 5 makes it difficult to be an independent contractor in California. Before we examine AB 5 in detail, let’s understand why California legislators passed the bill in their own words: THE PEOPLE OF THE [...] […]
  • Tax Savings Features of Corporations, S Corps and LLCs Under TCJA
    The Tax Cuts and Jobs Act (TCJA), made tax law changes that affected every business. Deductions, depreciation, tax credits, and corporate tax rates will make filing taxes different for you and your clients this year. Generally speaking, most of your business clients will do well under the TCJA, but there are a few tax [...] […]
  • Remaining Independent Under California’s New AB5 Law
    Whether you work as an independent contractor or your business hires independent contractors, California’s new AB5 law, which went into effect January 1, 2020, forces your hand on becoming an employer or an employee depending on how you conduct your business. The Existing Employee vs. Contractor Designation Up to now, you’ve probably made sure [...] […]
  • Help Your Clients Decide if it’s Time to Incorporate or Form an LLC
    Among all the decisions and actions a small business may need to take, one of the more important is deciding whether to incorporate or form an LLC. January is the most logical start date for a new LLC or corporation since it eases the paperwork burden. Your clients can start fresh in the new [...] […]
  • Can You Change an LLC Name?
    The decision to change an LLC name is one not to consider lightly. After all, your business name is one of your most important brand assets. But sometimes, a name change is in order for one of many reasons. Perhaps there was a mistake in your formation paperwork, so you need to correct the [...] […]
  • 10 Small Business Resolutions for 2020
    The start of a new year provides the perfect opportunity for business owners to set new goals and find unique ways to improve their operations. There are plenty of different options for your 2020 resolutions, from shoring up your finances to organizing your online presence. Here are some suggestions and tips from members of [...] […]
  • Is it Time to Revisit C Corporations for Your Small Business Clients?
    For more than a decade, I (and probably you too) have typically advised small businesses to opt for a Limited Liability Company over a C corporation due to its ease of administration and tax advantages. However, the 2017 Tax Cuts and Jobs Act now creates the opportunity for big tax savings for C corporations [...] […]
  • Why a Business Plan is Important for Your Startup
    I think it’s safe to say that nearly all business experts agree that all entrepreneurs can benefit from having a business plan. Why is a business plan important for your startup? According to a study by Palo Alto Software, entrepreneurs who have a business plan are about twice as likely to successfully grow their [...] […]
  • The Consequences of Noncompliance in Business
    "Business compliance" is a phrase that makes many an entrepreneur cringe. But despite the lack of affection for those two words, business owners MUST take them seriously. The possible consequences for noncompliance range from “mild inconvenience” to “devastating disaster.” Most critical is that noncompliance by Limited Liability Companies and Corporations can lead to “piercing [...] […]
  • How to Start a Dropshipping Business
    Statistics indicate that a third or more of e-commerce brands use dropshipping as a way to provide products to customers. If you've been thinking about starting an online store but don't want to deal with the costs and hassle of maintaining inventory, you may find the dropshipping business model a viable approach. Ready to [...] […]

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