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.
News · 2 min read ·
Airbnb to Collect Los Angeles Lodging Tax
Have you heard of Airbnb, a service listing vacation rentals all over the world? If you have used it, you probably noticed you didn't have the same taxes due as if you had been in a hotel. However, if you'll be stayin…
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News · 3 min read ·
Watch out for Skimming Scams
Criminals are making it harder to keep money in your accounts by using skimmers attached to machines where cards are swiped. These devices are placed on or inside ATMs, and often gas pumps to get your account number a…
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News · 3 min read ·
Beware of Tech Support Scams
Tech support scams are commonplace and have been going on for some time now. More recently, criminals have been pretending to work for Microsoft and contacting people to misinform them that they have found viruses on…
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Business · 3 min read ·
New Minimum Wage Rates for Los Angeles
Are you an employer in the City of LA, or unincorporated areas of Los Angeles County? As of July 1st, 2016, employers are required to pay the new minimum wage rates as follows: LA County - effective July 1st of each y…
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News · 2 min read ·
Business Awards Celebration 2016
Last week the Torrance Chamber of Commerce hosted the Business Awards 2016 luncheon. Affordable Bookkeeping and Payroll Services was one of the businesses honored and received recognition as the Small Business of the…
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News · 3 min read ·
IRS Prodded to Further Improve Financial Reporting Controls
Last week I read an article in Tax Pro Today written by Michael Cohn, and I want to share his thoughts regarding IRS deficiencies with you since this can affect us all. Here is what he had to say: The Internal Revenue…
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News · 2 min read ·
New Legislation on Taxes - The Taxpayer Protection Act of 2016
The Taxpayer Protection Act of 2016 was passed on Wednesday, April 20, 2016, to protect taxpayers from tax fraud and identity theft. The provisions of this law will provide a point of contact to help identity theft vi…
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News · 3 min read ·
AB&P One of 5 Grand Prize Winners of Intuit's Firm of the Future Contest
Do you ever get one of those e-mails that says you have the chance to win X if you do Y? For instance, fill out this survey and you'll win a gift card for $100 to Amazon, or share this post for your chance to win a tr…
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News · 3 min read ·
New Online Scams: Your Bank Account and Cell Phone are Targeted
It's really hard to have anything online that is truly secure, including your bank account as bank security measures may not be enough. According to a blog post by IBM X-Force, cybercriminals have found a way to get y…
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News · 2 min read ·
Taxpayer Information Still in Danger from Past Data Breaches
Although the Internal Revenue Service (IRS) tries very hard to secure taxpayer information, thieves have found ways around them. Taxpayers, more than ever, are the victims of stolen refund payments and identity fraud.…
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News · 5 min read ·
Add-On Services Discontinued For QuickBooks 2013
Are you using QuickBooks 2013 with add-on services such as e-mailing invoices, processing credit cards or running payroll? If yes, you will need to upgrade your software prior to May 31, 2016 as they will not work aft…
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News · 4 min read ·
Intuit Payment Network (IPN) Discontinuation FAQ
Are you using Intuit's IPN payment system with your QuickBooks software to invoice your customers and receive their payments? If so, this service will be discontinued on May 31, 2016. Intuit has created a FAQ page and…
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