For the past few decades, the IRS has had budget issues often with reports of underfunding. As part of the Inflation Reduction Act of 2022, the budget issues with the IRS will change. Wile the IRS will receive its normal […]
Author: hkim
Los Angeles Minimum Wage Raised To $15.00 As of July 1, 2021
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 […]
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 […]