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Small business owners can be subject to several different types of state taxes in California in addition to federal income taxes. Unlike the federal government, California has no problem imposing double taxation, meaning a business could be subject to...

While the statewide base rate for California online sales tax is 7.25 percent, the truth is that the state has complicated tax laws when it comes to online transactions. Morgan Stanley reports that global e-commerce increased from 15 percent...

Did you know that approximately 100,000 new corporations are created annually? Also, another 250,000 LLCs, Partnerships, and Sole Proprietorships are formed in California annually. However, the current pandemic has taken a toll on businesses across California, and tech-heavy Silicon Valley...

Recently, the Internal Revenue Code (IRC) has introduced Section 83(i). This new code section allows for certain private companies to begin adopting qualified equity grant plans. These plans would permit restricted stock units (RSU’s) or stock options to be...

The 2017 Tax Cuts and Jobs Act significantly changed the way businesses are taxed. Although the tax cut for C Corporations (to 21%) garnered the most attention, small business owners should see big wins, also. Below, we summarize some...

The recent Tax Cuts and Jobs Act was the first major shakeup of the country’s tax system in about three decades. In addition to bringing change for individuals, the law will also affect small businesses. Below we summarize some...

On Thursday, the United States Supreme Court ruled that states may require online retailers to collect state sales tax in states where the retailer has no physical presence. The case before the Court involved a South Dakota statute that...