June 2018

Sole Proprietorships and Corporations: Do Clients Understand the Difference?

Sole Proprietors and Corporations Have you noticed? Small businesses have been populating the business landscape in clusters? They represent all industries, sizes, and varieties. Some make it a few months and others are in it for the long haul. Where Did They Come From? The US has always been ripe for entrepreneurism. But the economic […]

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Brace For the Impact Federal Tax Cap on State and Local Deductions

Will new charitable tax credits being considered by California and other states have any impact on the 2017 federal tax overhaul’s cap on state and local deductions? Some say yes, these will work with certain qualifications. Law professor David Gamage and seven tax law professors argue that federal law enables states to offer tax credits

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California Courts Put the Squeeze on Statewide Hiring Practices

In an effort to even the playing field, a unanimous decision by the California Supreme Court recently put business owners across the state in somewhat of a chokehold. With a ruling that could change the workplace status of people across the state, they’ve made it harder to classify workers as independent contractors. Class-Action Lawsuit The

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Tax Changes Coming How Will You Handle Mass Confusion?

Heads up. Changes are coming. We know—old news. But as rapidly as tax laws have been changing, be sure to keep this top of mind. Already in place are the new Tax Cuts and Jobs Act. The 100% bonus depreciation started for purchases from 9/27/17. More changes are on their way. Which ones, you ask?

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