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.
Sales tax · 1 min read ·
Los Angeles Sales Tax to Increase Again!
The Los Angeles Sales Tax rate is set to increase again on October 1. If you operate a business located in the county, or ship/deliver items to customers located in the area, make sure to update your rates in your POS…
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Sales tax · 3 min read ·
What Reintroduction of Internet Sales Tax Means for Online Sellers (cont.)
In our last blog post, we featured an article discussing the Marketplace Fairness Act (MFA) and how it negatively affects small business owners. You can read that post here: ( http://bit.ly/2rI3BFq ). This post will f…
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Sales tax · 3 min read ·
What Reintroduction of Internet Sales Tax Means for Online Sellers
For many small businesses that sell online, the reintroduction of the two sales tax bills will affect them greatly. In a post written by Mark Faggiano, the founder of TaxJar summarizes how these two bills reintroduce…
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Sales tax · 2 min read ·
LA County Sales Tax Increase July 2017
As you may be aware, there is an increase in the LA County sales tax rates taking effect July 1, 2017. In November 2016, voters approved Measure M which applies to Los Angeles County including all cities and unincorpo…
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Sales tax · 4 min read ·
New CA Sales Tax Rate Effective January 2017
An unusual occurrence is about to take place on January 1, 2017. The state-wide sales tax rate is going to DECREASE. Due to the expiration of an increase passed in 2012, the rate will drop .25% in all jurisdictions fr…
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Business · 4 min read ·
What Small Businesses Need to Know About Sales Tax and Shipping
I recently read a post on the Avalara website (this company has software that can help with your sales tax compliance) and I thought I'd share their information with you. As states continue to change rules on what is…
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Business · 2 min read ·
Will You Have to Collect Sales Tax For Out of State Sales?
Are you a business selling products to other states? If so, you may be required to collect tax on sales outside of your home state in the not too distant future if you aren't already required to do so. States are in d…
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Sales tax · 3 min read ·
New CA District Boundaries to take Effect January 1, 2015
I received information from the State Board of Equalization with information stating that new district boundaries take effect in January. Six counties have been affected by this change. See below for details. The BOE…
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Sales tax · 3 min read ·
A Sales Tax Rate Has Changed. Now What?
Do you sell taxable products or services? If so, you have tax rates set up in your bookkeeping software, and one (or more) may need to be updated at some point. As you may be aware, tax calculations can often be compl…
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Bookkeeping · 3 min read ·
When to Make Mid-Year Tax Adjustments to Avoid Tax-Time Surprises
Chances are you aren't thinking of your income taxes in August. However, in certain circumstances, you may need to make an adjustment to your tax status mid-year. Most of us want to limit any unexpected surprises at t…
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Sales tax · 2 min read ·
Don't Fall for These Three Typical Sales Tax Mistakes
Business owners often make mistakes when it comes to sales tax calculations and filings which can result in penalties and interest. Today I'm going to discuss some of the typical errors so you hopefully don't make any…
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Bookkeeping · 2 min read ·
Handling IRS Notices
If you file your taxes and reports diligently and on time, you probably don't expect to hear back from the IRS. But what if you do receive a notice? Rule one: don't panic! Follow these tips on understanding and handli…
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