The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Business · 3 min read ·
Roth IRA 401k 5 Year Rule
The Roth 401(k) five-year rule determines when you begin receiving tax-free qualified distributions from your 401(k) plan Roth account. It is similar to the five-year rule that applies to Roth IRAs, but there are impo…
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Business · 3 min read ·
Small Business Health Care Tax Credit
You might have read our past blog post, ACA and Employers: Why Workforce Size Matters . As mentioned, if you are a small employer, you might be eligible for the Small Business Health Care Tax Credit. In this post we w…
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About · 4 min read ·
I Have a Great Team!
Today my post is not focused on the topic of bookkeeping, payroll, or sales tax issues. I'm writing to tell you a little bit about my office staff and how appreciative I am to have them on my team at Affordable Bookke…
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Business · 2 min read ·
How Seasonal Workers May Affect Your ALE Status
Are you an employer required to offer employee health care coverage? According to the Affordable Care Act (ACA), if you have 50 or more full-time employees (or full-time equivalents) you qualify as an Applicable Large…
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Business · 3 min read ·
PCI Compliance: What Is It and What Does It Mean?
In 2004 Visa, MasterCard, American Express, Discover, and JCB created the Payment Card Industry Data Security Standard Council. The Council is responsible for managing and developing security standards, while complian…
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News · 3 min read ·
Child and Dependent Tax Credit
Do you have minor children in your household? If you do, you are probably one of the many parents who place their children in childcare or summer camp in order to work or look for work. If so, your costs might qualify…
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Payroll · 2 min read ·
More Workers May Become Eligible for Overtime
Do you currently have employees who are salaried and exempt from overtime? Are you aware that the laws regarding who would be exempt from overtime may be changing? The U.S. Department of Labor may raise the minimum sa…
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Payroll · 3 min read ·
Withholding Calculator: Avoiding Income Tax Penalties
During this past tax season some people received large refunds while others owed underpayment penalties on top of additional taxes owed to the IRS. To avoid this next year, you might want to consider adjusting your in…
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Bookkeeping · 3 min read ·
Merging Accounts within QuickBooks
Have you taken a look at your chart of accounts and noticed that you have multiple expense accounts for office supplies? Or that a vendor is in your system twice because their name was entered differently so QuickBook…
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About · 3 min read ·
Bookkeeping No, Relationship Yes
About a week and a half ago I received a call from the CPA of a client saying that her attorney requested that all services be performed by one person. For the last 8 years I have been helping my client Mrs. P. with h…
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Payroll · 2 min read ·
Good News and Bad News for CA's Costly Workers' Compensation System
This information was originally shared in the Torrance Chamber's weekly e-mail to members. I thought employers would be interested in reading the information, so I'm sharing on my blog. A massive overhaul of the state…
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News · 3 min read ·
Minimum Wage Increase: An Oasis or a Mirage?
The city of Los Angeles has agreed to draft an ordinance raising the minimum wage from $9.00 an hour to $15.00 by 2020 in the hopes of aiding in the quality of life for those who are functioning at the lowest rung of…
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