What is an SSTB? An SSTB is a business where the main asset is the skills or reputation of its employees or owners. It must be a pass-through entity (such as an LLC, S-Corp, or sole proprietorship) to qualify for a 20% business income deduction under Section 199A of the tax code. This deduction can…
With former President Donald Trump back in office, one major economic shift on the horizon is his proposed tariffs on imported goods. Trump’s goal is straightforward: use tariffs to protect American industries, keep jobs in the U.S., and raise tax revenue. But what does this mean for you, the average consumer? Let’s break down the…
Street vending is a growing business model in California, allowing entrepreneurs to sell food, art, and other goods directly to consumers in public spaces. Whether you’re thinking of opening a taco stand, a coffee cart, or a stall selling handmade jewelry, understanding the legal landscape is essential for success. California’s Senate Bill 946 (SB 946),…
As tax season approaches, many taxpayers—both business owners and individuals—might find themselves unsure about one key component of the tax process: estimated taxes. While most people are familiar with filing an annual tax return, estimated tax payments are a lesser-known but critical part of staying compliant with the IRS throughout the year. Whether you run…
Opening a food business in California is more than just perfecting your recipes or finding the ideal location. One of the critical steps you’ll need to master is navigating the health permit process—a step that can feel like a maze of paperwork and inspections. But with the right guidance, you can clear this hurdle smoothly…
Purchasing a business is a significant investment, and it’s crucial to have a thorough understanding before signing any purchase agreement. Based on our experience and knowledge, KYKY has prepared a list of the ten most important questions every business owner should ask to make an informed decision. What is the financial health of the…
Ready to spin up your laundromat in Los Angeles? Hold up! Don’t forget that understanding the city’s regulatory framework is your first step. Dive into our essential guide on navigating the city’s regulatory waters. From securing the right permits to meeting local compliance standards, we’ll help you clear the hurdles and get your business running…
The Federal Reserve has recently raised interest rates, and if you’re running a small business, you might be feeling the effects. Higher borrowing costs, decreased consumer spending, and stifled growth are just a few of the challenges you might be facing. But it’s not all doom and gloom. With some clever strategy and financial discipline,…
