California’s New Use Tax Collection Requirements: What the Wayfair Ruling Means for Retailers

With online retail becoming the preferred method of shopping in America, it was only a matter of time until states would start demanding their share of the sales pie. Unlike purchases in a physical store location, loopholes let bargain [...]

By |2019-04-09T14:14:10-04:00April 9th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , |0 Comments

Divorcing Business Owners Need to pay Attention to Tax Implications

If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and your marital property [...]

By |2019-04-09T13:08:54-04:00April 9th, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Key Guidance on Sec. 199A Deductions

The new QBI deduction, created by the 2017 tax reform law, allows many owners of sole proprietorships, partnerships, S corporations, trusts, or estates to deduct up to 20 percent of their qualified business income. Eligible taxpayers can also deduct [...]

By |2019-03-27T13:04:22-04:00March 27th, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

The Key to Creating a Valuable Relationship with Your Investment Advisor

By Jerry Krause, Managing Member, Sensiba San Filippo Financial Advisors It is difficult to be knowledgeable and effective in everything we do. A very wise client once told me, “Do what you do best, and pay someone else to [...]

By |2019-03-27T18:17:24-04:00March 27th, 2019|Categories: Blog, Jerry J. Krause, Small Business Services, Tax|0 Comments

2019 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact [...]

By |2019-03-25T12:47:14-04:00March 25th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , |0 Comments

ESG Issues: To Report or Not to Report?

Securities and Exchange Commission (SEC) Chairman Jay Clayton recently said that public companies shouldn’t be required to disclose information concerning environmental, social and governance (ESG) matters in their financial statements using a standardized format. Right now, these disclosures are [...]

By |2019-03-23T19:11:14-04:00March 15th, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

When Are LLC Members Subject to Self-Employment Tax?

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down [...]

By |2019-02-11T15:03:23-04:00February 11th, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Public Companies to Disclose Stock Hedging Policies and Practices

Does your company have policies in place regarding the use of hedging transactions by company insiders? Final Securities and Exchange Commission (SEC) guidance will soon require public companies to disclose whether their officers, employees and directors are allowed to [...]

By |2019-03-11T15:11:22-04:00February 8th, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

Beware the Taxes of Self-Employment

You can be self-employed as a sole proprietor/an independent contractor, or a member of a partnership or of a limited liability company. As such, you need to file an annual income tax return and pay estimated taxes throughout the [...]

By |2019-01-25T16:23:33-04:00January 25th, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

M&A due diligence: Don’t accept financial statements at face value

The M&A market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business, however, it’s important to do your homework. Conducting comprehensive due diligence can be a daunting task, especially if you’ve [...]

By |2019-01-18T12:20:05-04:00January 18th, 2019|Categories: Audit, Blog, Small Business Services|0 Comments