The Paycheck Protection Program

The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief for small business and their employees who are affected by the coronavirus. The Paycheck Protection Program is administered by the Small Business Administration (SBA) under its lending program, to provide small business loans on favorable terms…

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Coronavirus Sick Leave Requirements

The federal government signed the Families First Coronavirus Response Act (FFCRA) into law Mar. 18, 2020, which includes paid sick leave for employees that need to take time off to limit the spread of the coronavirus. Under this law, employees will qualify for paid sick leave if they have the virus, if they are caring for a…

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Tax Filing Deadlines Postponed

FTB Deadlines The California Franchise Tax Board (FTB) is postponing the tax filing deadline to July 15, 2020.  This includes: 2019 tax returns 2019 tax return payments 2020 1st and 2nd quarter estimated payments 2020 LLC taxes and fees 2020 Non-wage withholding payments FTB is extending this relief to all California taxpayers, there is no…

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Does AB5 Affect Your Business?

As many have heard, on September 18, 2019, Governor Newsom signed AB5, effective January 1, 2020.  The new law codifies the “ABC test” from the California Supreme Court decision in Dynamex Operations West, Inc. v. Superior Court of Los Angeles, 4 Cal. 5th 903 (2018).  Under the ABC test, any person providing labor or services…

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Mid-Year Review

Can you believe that half of 2019 is gone already? That means it’s a great time to take stock of how your business has done for the first half of the year so that you can meet your financial goals for the entire year.  Evaluating your business is a crucial part of it’s prosperity and…

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