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What to Know About the Los Angeles Minimum Wage Increase

Businesses located within Los Angeles City or County should be aware of the Los Angeles minimum wage increase that took place on July 1st this year. It’s important to know your responsibilities as a business as well as what penalties you may face if you don’t comply with the new requirements. A key aspect of

Bookkeeping vs. Accounting: What’s the Difference?

Small business management is often more complicated than people think. In order to be an effective small business manager, you have to understand any and every aspect of your company. One subject that most new business managers aren’t prepared for is the difference between bookkeeping and accounting. It’s common for people to use these terms

Does Your Small-Business Qualify for this Significant Tax Break?

As a small business owner, you surely know how important it is to save every dollar you can. As a result, you might be interested in a newly-introduced 20 percent tax break available to some small businesses. Among the features of the Tax Cuts and Jobs Act is the “qualified business income deduction.” This allows

Why Your Small Business Needs to Master Payroll

As you surely already know, one of the most important aspects of successful small business management is efficiency. Being efficient in every aspect of your small business can help ensure that you are saving money where possible and not dedicating too many hours and resources to complete certain tasks. One area in which almost every

Why Tax Projections are Important for Your Small Business

One of the primary aspects of successful small business management is ensuring your business is using revenue as efficiently and effectively as possible. This involves making sure to plan for tax season through the utilization of tax projections. Tax season can easily sneak up and disrupt your business practices if you are unprepared. Proper tax

Case Study: Getting the Books Correct and Up to Date

As a business owner, keeping clean records is crucial to success. However, sometimes that task is daunting, time-consuming or just plain irritating. Whatever your reason for incorrectly or improperly keeping books, just knowing that it’s there can be cause for stress for many. The stress level can skyrocket when the books just haven’t been done