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 · 3 min read ·
England's New Banking Directive
I recently read a few articles regarding England's new banking rules to be effective as of 2019. At the recent International Monetary Fund's (IMF) annual meeting in Washington, Mark Carney, Bank of England governor, s…
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News · 2 min read ·
IRS Scam Alert to Foreign Financial Institutions
You've probably already heard the warnings regarding phony phone calls and fake websites, but scam artists have developed yet a new method to attain sensitive information. Unfortunately scam artists have many targets…
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News · 3 min read ·
What You Need to Know About Obamacare’s 18 Taxes
I recently read an article written by Alyene Senger posted on "The Daily Signal" that I thought I'd pass along to you to read. Here is what she has to say: Obamacare created a new entitlement through its exchange subs…
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Community · 2 min read ·
South Bay Business Mavericks Gala & Grant Awards
Shop Local presents the South Bay Business Mavericks Gala on October 29th at the Toyota Auto Museum. Five amazing speakers will present information on how they created sustainable businesses, and three local businesse…
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News · 3 min read ·
The Individual Shared Responsibility Payment for the Affordable Care Act
The IRS wants to remind American's of their responsibility to pay their portion of premiums for their Affordable Care Act coverage. Beginning in 2014, the individual shared responsibility provision of the Affordable C…
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Business · 4 min read ·
Mayor Garcetti's Plan to Reduce Poverty in Los Angeles
In an effort to improve living standards in Los Angeles Mayor Garcetti has proposed a plan, known as Raise the Wage , which will attempt to reduce the population living in poverty. This goal would be reached in two st…
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News · 3 min read ·
Fundraiser for At-Risk Youth and Urban Poor
Recently I connected with an organization that collaborates with business owners to provide new business start-up incubation, corporate sponsorship development and vocational training environments for empowerment of a…
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News · 5 min read ·
New CA Sick Leave Requirements take effect in 2015
Governor Jerry Brown recently signed new legislation (AB1522) taking effect July 1, 2015, that requires almost all public- and private-sector employers to give almost all workers in California at least three paid sick…
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News · 3 min read ·
Contact Governor Brown to Veto AB 1897
The California Chamber of Commerce is urging all businesses to send a letter to Governor Edmund G. Brown Jr. asking that he veto AB 1897 , a “job killer” bill that imposes new liabilities on innocent businesses. “AB 1…
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Bookkeeping · 2 min read ·
Understanding How Accounts Affect the Balance Sheet
In the last two posts, Understanding Assets on the Balance Sheet and Understanding Liabilities and Equity on the Balance Sheet , I explained the different types of accounts that appear on the Balance Sheet. This repor…
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Bookkeeping · 2 min read ·
Understanding Liabilities and Equity on the Balance Sheet
In my last post, Understanding Assets on the Balance Sheet , I discussed the different types of asset accounts. Today I'll give information on the remaining accounts that appear on the balance sheet: Liabilities and E…
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Bookkeeping · 2 min read ·
Understanding Assets on the Balance Sheet
As a bookkeeper, I provide reports to clients for them to know the health of their businesses. Two of the main reports are the Profit and Loss (also known as the Income Statement) and Balance Sheet. Sometimes clients…
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