Chris Randall 8/17/24 Chris Randall 8/17/24

Independent Contractor vs. Employee

Do I have independent contractors or full-time employees? If you hired workers for your business, knowing the difference between these two designations is critical. The Department of Labor final rule on independent contractors went into effect on March 11th. Full-time employees are entitled to minimum wage, overtime pay, and other benefits.

Chris Randall 8/10/24 Chris Randall 8/10/24

Your Business Credit Score

While your personal credit score is tied to your Social Security number, your business credit score is tied to an Employer Identification Number — or EIN. This helps you keep your personal financial information private while you build and maintain your business credit score.

Chris Randall 8/3/24 Chris Randall 8/3/24

California Business Tax Climate In 2024

California’s corporate tax system ranks 48th according to the Tax Foundation. The Tax Index has 5 different components, and CA ranks poorly in most of them.

Chris Randall 7/13/24 Chris Randall 7/13/24

FTC Bans Noncompete Agreements

Considering launching your own small business?? The FTC just banned noncompete agreements, making it easier for you to break away from your desk job.

Chris Randall 7/6/24 Chris Randall 7/6/24

New Reporting Requirements For Business Owners

ATTN: Small Business Owners - The new Beneficial Ownership Information (BOI) Report is due to FinCen by the end of 2024.

Chris Randall 6/29/24 Chris Randall 6/29/24

Small Business 401k Tax Credits

🙋‍♀️ 🙋‍♂️ Who likes free money?? ✋✋ How 'bout government tax credits for your small business 401k plan? Secure ACT 2.0 did exactly that!

Chris Randall 6/22/24 Chris Randall 6/22/24

Hiring Your Kids

If you run a sole proprietorship, hiring your kids to work in your business has several tax advantages. First, make sure the work they are doing and the wage you are paying them is reasonable.