As of July 1, 2021, the City of Los Angeles and unincorporated areas of Los Angeles County will raise the minimum wage rate to $15.00 for businesses with 25 or less employees. This is the final increase in minimum wage […]
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Your PPP Forgiveness Application – Apply Now or Later?
If you have taken a loan in the Paycheck Protection Program, you will likely plan to file a forgiveness application to forgive the loan. The time period to file for forgiveness is allowable for 10 months after the end of […]
Reminder – Extensions for Corporate and Individual Income taxes due on 10/15/20!
If you have put it off or out of your mind, right now is your last chance to file your c-corp or individual income tax. Remember to file your tax returns and make payments by 10/15/20 Once it if filed […]
CalSavers for Small Business
As a business owner, you may have received information about the California Cal Savers Retirement Program. Cal Savers is a new program that requires California employers to either enroll in the Cal Savers retirement program or offer an employer-sponsored retirement […]
Rent Your Home to Your S Corp For Tax Benefits
Did you know that you can apply the free-rent rule to rent your personal residence to your s-corporation for a deduction? The Masters Rules allows you to rent your personal residence for up to 14 days tax free. This allows […]