The state of California holds the right to suspend any business that doesn't properly pay its tax bill. During this suspension, the business loses its rights, privileges and powers to do business within the state. In the event that your business is suspended due to...
There are all kinds of things the government does to incentivize investment and job growth. Section 179 of the IRS tax code allows people to deduct money used for business equipment, for example. Section 1031 makes it possible for California investors to limit their...
In California, taxes are a necessary evil. People will generally understand that taxes are vital for various reasons, but they still want to mitigate their exposure and how much they are obligated to pay. This is perfectly legal under tax law. Still, it is common for...
For Californians who are starting a business, one of the most important decisions is what entity type to use. There are myriad factors to consider when making that determination, not the least of which is tax law. Of course, there are obvious points to think about...
It is always a good idea for Californians to be proactive in preparing for potential adjustments to tax law. Political fluctuations likely accompany differences with how taxes are assessed and collected. Particularly, this can impact businesses and those who have...
Communication issues can be problematic in a marriage. They can lead to confusion, misunderstanding, hurt, and even divorce. But poor communication can also lead to serious financial implications, such an unexpected tax liability and allegations of tax fraud. This is...
