A slew of new federal, state, and local business and tax regulations have taken effect in the past two weeks.
If you’re testing the entrepreneurial waters for a few months, here are some things to do.
The City of Los Angeles imposes a gross receipts tax on freelancers and businesses. You must file by the end of February annually, even if you’re not profitable or made no money.
1099s… Who needs them? Who owes them? When are they due? Get on track or get ahead using these best practices.
S-corps and C-corps and LLCs, oh my!
Got an S-corp? Here’s How to Avoid an IRS S-corp Penalty What’s the #1 mistake S-Corp owners make?Not taking a W-2 salary. Almost everyone I know makes the same mistake in their first year as an S-Corp: not paying themselves enough or any amount as an employee. As we slide toward the end of year, […]
A gentle reminder to report your freelance or business income to the City of LA by February 28, and to contact your councilperson about the gross receipts tax.