New Deduction for Small Business under the Tax Cuts and Jobs Act of 2017

Congress just passed the most sweeping tax reform since the 1980s – what does it mean for the small business owner? The Tax Cuts and Jobs Act of 2017 (TCJA) provides a new deduction for business income from pass-thru entities. But, your small business must either pay wages or own qualified business property. WHO GETS THE DEDUCTION? Individual taxpayers who are Sole proprietors, LLC members, S-Corporation Read More

Take Note… 2018 Law Changes For Your Business

You are undoubtedly looking toward 2018 and strategizing how to foster growth and continue prosperity in your business.  The Legislature and Governor have also been busy in anticipation of the new year.  And the result, like in years past, is more rules and regulations. If there’s a theme this year, I’d say it’s privacy. To help with your preparation, here is a summary of changes coming for 2018. A.B. 450: While Read More

Financing Your Business

All business owners, at one time or another, have needed an influx of capital. And for many businesses, securing the necessary capital to invest and grow can be challenging.  Relatively new businesses often lack the track record necessary for funding sources to feel comfortable with making an investment.  Lending processes can be burdensome which dissuades some business owners. Locating funding sources that meets the Read More

Small Claims Court

  At one point or another, small business owners will have overdue accounts receivables. Collecting can be achieved through a variety of means. One such option is small claims court. This is a cost-effective and friendly process that can help business owners achieve success with reluctant debtors. The current limit on small claims is $10,000 for persons or $5,000 for businesses. Demand Letter Before you Read More

How To Recover Attorney Fees

In the usual course of a lawsuit, you have a number of expenses. These include court fees, fees for experts, fees to those who serve notice, administrative expenses, and last but not least, attorney fees. And in most cases, attorney fees represent the single largest expense for a client possibly occupying 50-80% of the cost of litigation.  More importantly, California follows the general rule that each party bears Read More

What You See Is What You Get

Warranty Disclaimers In our previous blog, we talked about express and implied warranties.  If you sell a product or service, you should strongly consider disclaiming these warranties as a means of protecting your business from unnecessary risk. Here you’ll find some information on language you should include in your contracts. Since an express warranty by definition is something that the buyer based his or her Read More

I Guarantee It

Express Warranties Millions of transactions for goods and services occur every day. In most of these transactions, there are few express warranties. The reason this is true is because sellers know the problems it can cause to say something about a good or service that turns out to be wrong. This is something that you probably already know. What’s important is that there are some nuances when it comes to express Read More

Protect Your Business

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Employee Training

When you ask employers to name one aspect of the business they wish they could do better, you will often hear…provide better training for employees. This sentiment is also echoed by new employees. If so important, why doesn’t it happen more regularly? Some argue its value is intangible. Effective training can be costly. And it sometimes doesn’t fit well when a new employee needs to be immediately productive. While Read More

Screening a Candidate

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