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 · 2 min read ·
Penalty Relief For Unfiled Retirement Plan Returns
The Internal Revenue Service (IRS) is encouraging eligible small businesses that did not file certain retirement plan returns to benefit from a penalty relief program helping them to come back into compliance. This pr…
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Business · 3 min read ·
Independent Contractor Status in CA (Uber)
I recently received an e-mail from DeAnne Chase of Chase Law Group on the topic of CA litigation regarding the employment status of Uber workers. This is a timely resource as this was a topic of discussion at a Torran…
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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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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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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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Business · 2 min read ·
ACA and Employers: Why Workforce Size Matters
The Affordable Care Act (ACA) has several provisions that affect employers' benefits and requirements. Under ACA, the size and structure of the workforce determines how the law will apply to the employer. Those who do…
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Bookkeeping · 3 min read ·
QuickBooks Online vs. Desktop
Time and time again we are presented with the question from our clients, “Which is better; QuickBooks Online or the desktop version?” I, like many others, have my personal opinion on which software is better. The pote…
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Bookkeeping · 4 min read ·
13 IRS Audit Red Flags
About 1% of all tax returns are audited each year. Here is what you should know in order to minimize your chances of an audit. 1. Not reporting all taxable income Report all taxable income from all W-2s and 1099s you…
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Business · 2 min read ·
Go-Biz to Host May Webinars for Small Business Month
I received information from the Employment Development Department with details on upcoming workshops for small business owners. In celebration of Small Business Month, you are invited to join GO-Biz’s Office of Small…
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Business · 2 min read ·
What to Do if You Need to Correct Your Tax Return
This information is from a blog of a CPA I know from Northern California who I met years ago when we were attending the same conference. She has great information to share when you need to correct errors submitted on…
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