Testimonials

Do you have a retail or service-oriented business? In either case, you’re aware of how competitive the marketplace has become. Staying in the pink is not as easy as it used to be, is it?

 

Speaking of pink, have you heard of the Pink Tax? If you have, and you think this strategy helps raise your bottom line, it’s about to catch up with you. We’ll tell you why later in this article.

 

If your business is surviving or thriving, there’s something you’re doing right. However, in this competitive marketplace, your success will only continue if you stay on top of current business trends.

 

That means not only going with the flow, allowing the current to carry … Read more →

“I’m sorry, officer. I didn’t know the speed limit was only 25 in a school zone.”

When is the last time that one worked for you? Right. Ignorance of the law is no excuse.

It usually doesn’t fly with the IRS either. Despite this,recently the tax court issued an opinion suggesting that in some cases ignorance can indeed be bliss. Well, maybe not bliss, but it can be a valid excuse—at least to escape certain accuracy-related penalties.

For example, a California couple that botched the tax treatment of the short sale of their former residence were found not liable for accuracy-related penalties. The judge found that the actual basis for the holding was that the IRS “failed to meet burden … Read more →

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 ruling came as a result of a class-action lawsuit against Dynamex Operations West, Inc. The suit charged that Dynamex, a package and document delivery company, misclassified its delivery drivers, calling them independent contractors when they were actually employees.

If they did misclassify, they are not the only company doing the same thing. The ruling has implications for the expanding gig economy, an environment in which … Read more →

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