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.
Payroll · 2 min read ·
Labor Law Poster Non-Compliance Means Higher Penalties
As you probably know, as an employer, you must post in a conspicuous place labor law posters for both the federal and state requirements. Failure to do so can result in penalties. One of the mandated posters is the Eq…
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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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Community · 3 min read ·
Helping the Elderly Steer Clear of Financial Scams
Criminal activity towards senior citizens' finances has increased from people wanting to take funds from their life insurance and annuities. However, regulators and financial advisors are providing information to prot…
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Business · 2 min read ·
Preparing for a Disaster Before It Happens
Data loss can happen to any business and can destroy a firm quickly. The Small Business Administration estimates that nearly 75% of business owners do not have a disaster recovery plan, and more than 80% are not prepa…
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Community · 3 min read ·
Leadership Torrance 2016
This year I participated in a program called Leadership Torrance, a program of the Torrance Chamber of Commerce. I have wanted to participate for many years, but the dates of the program are January through June each…
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Community · 2 min read ·
Teaching Girls about Entrepreneurship
Last week I took part in a training with local Girl Scout troops to teach them about entrepreneurship. 115 girls signed up to participate. I heard about this event through a business friend who was looking for mentors…
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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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Business · 2 min read ·
Mid-Year Check-In to Review Your Business Success
We are almost halfway through 2016! Now is a perfect time to review your business to determine if you are meeting the year-end goals you established for your business. Even if you feel you are struggling, there are al…
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Business · 2 min read ·
Cyber Security You Can Implement in Your Small Business
Every day businesses are attacked on several different fronts. A few of those ways are only using phishing, malware, and a virus-infected computer penetrating your firewall. Cybercrime is growing exponentially and is…
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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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Business · 2 min read ·
Benefits of an Individual 401(k) Plan
Are you a sole proprietor looking for retirement savings options? Are you aware of the fact that you can have an individual 401K account to save for your future? Usually, small company owners are told to open an IRA a…
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Taxes · 3 min read ·
IRS Miscalculated ACA Premium Tax Credits
For most, tax season is over; but if you purchased your healthcare plan through ACA’s Health Insurance Marketplace, you could still owe more than what you already paid or you might receive a larger refund. In a recent…
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