As we begin a new year under a new administration, I want to bring your attention to an important employment compliance issue that may affect your business. During the last time this administration was in office, the role of Immigration […]
Author: hkim
Increased Funding at the IRS
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. While the IRS will receive its normal […]
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 […]