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City of L.A. Business Tax Renewal 2/28/21 Deadline

This is your final reminder that you must comply with the City of Los Angeles, Office of Finance annual Business Registration (Business Tax Renewal) by 02/28/21 if you are doing business in Los Angeles as: Independent contractor, self-employed, freelancer, sole proprietor, small business owner, partnership, fictitious business name (dba), loan-out co., LLC, C-Corp. or S-Corp. […]

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Changes To California Health Insurance In 2020 & 2021

There were 4 major changes to California health insurance in 2020 & 2021. Here’s what you need to know: You are now required to have health insurance in California under a state mandate even though the federal mandate was lifted in 2019. You will be assessed a California state insurance tax penalty in 2020 and […]

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Last Chance For 2020 Entity Formation: Set Up an LLC or Corp. for 2020 by November 30th

If you are starting a business, an LLC taxed as S-Corp. offers many advantages, including personal liability protection, reduced self-employment taxes, and possibly even reduced audit risk. A C-Corp. with the new lower corporate tax rates can also make sense in some cases. We can help you make the business entity decision and we can set up […]

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City of L.A. Office of Finance Business Registration Due

los ángeles business

Final Reminder: City of L.A., Office of Finance, Business Registration is due by March 2nd, 2020. If you are doing business in Los Angeles as an independent contractor, self-employed, freelancer, sole proprietor, small business owner, partnership, fictitious business name (dba), loan-out co., LLC, or S-Corp., you must comply with the City of Los Angeles, Office of Finance […]

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1099 Forms & Business Registration Due Soon

1099-Due-Soon-Banner

We have two important reminders to prevent penalties: The first reminder applies to you if you have paid any independent contractor $600 or more during 2019. If that is the case you must issue a Form 1099 to that individual by January 31, 2020. There is no requirement to issue Form 1099 to corporations. If […]

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Last Chance Entity Formation for ’19!

Business-Registration-Banner

Setting up a side hustle? Main hustle? It’s your last chance for entity formation this 2019. Set up your LLC, Corp., S-Corp. this November. It is now evident, that the ’18 Tax Cuts and Jobs Act (TCJA) favored corporations, small businesses, and the self-employed at the expense of employees. Corporate tax rates were slashed from 35% […]

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Minimize ’19 Taxes and Tax-Time Surprises!

With the 2018 tax filing deadlines behind us, it’s time to look ahead. Starting to look into your ’19 taxes now can help minimize tax-time surprises. One way of doing so is allowing us to help determine if your federal and state tax withholdings will be sufficient to avoid surprises or penalties for underpayment of […]

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Final ’18 Tax Filing Deadline October 15th

It’s late September and the clock is winding down on the ’18 tax filings. October 15th is the final extension deadline.  For those of you on ’18 personal extensions, please contact us now to allow sufficient time for accurate filings.  There are no further extensions permitted. Individual Tax Returns, Extension Filing Deadline is October 15th  […]

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Final ‘18 Tax Filing Deadlines Approaching!

2018 Final Tax Deadline

Did you file for an extension this year? If so, the final deadlines to file your 2018 taxes this 2019 is approaching. There are no further extensions permitted. Individual Tax Returns, Extension Filing Deadline is October 15th  Individual (1040) tax returns were due April 15th.  Remember it was an extension to file, not an extension […]

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Paying Los Angeles Back Taxes and Changing Your Business Address — Both Good Ideas

Los Angeles Back Taxes

Starting a business means putting all the pieces together and that includes paying Los Angeles back taxes as you get rolling forward. You might be expanding your brick-and-mortar business and need a bigger location. On the other side of the coin, you might have digitized most of your enterprise so you will need less space. […]

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