As the year comes to a close, small business owners have a golden opportunity to not only prepare for tax season but also set their finances in order for the year ahead. A little proactive planning now can save you from stress and costly mistakes come tax time, and ensure you start the new year…
Starting and managing a business comes with a laundry list of responsibilities, and one crucial yet often misunderstood role is that of the registered agent. Whether you’re forming an LLC, corporation, or nonprofit, having a registered agent is a legal requirement in every U.S. state. But what exactly does a registered agent do, and why…
If you’re a California business owner looking to open or expand your operations, you’ve likely heard about Conditional Use Permits (CUPs). Whether you’re planning to open a restaurant with live music, a retail store, or a venue that serves alcohol, understanding CUP licensing is crucial. In this guide, we’ll break down the essentials of CUP…
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…
