The Secret to Making Money in Cannabis in a Down Market (And Why Operations Matter)
A rising tide floats all boats.
Business Tips
Minimum Wage Increase Will Impact Minimum Salary Exempt For Small Employers
Currently the minimum salary for exempt employees under 25 employees is $58,240. The rate is based on the CA state minimum wage of $14/hour. It is set to increase to $15/hr. next year 1/1/23. However, due to the increase in inflation estimated to be over the 7% limit set by CA’s current minimum wage law, […]
CalSavers Retirement Deadline June 30, 2022
CalSavers Retirement Deadline June 30, 2022 this year for 5-49 employees CalSavers is a retirement savings program for private sector workers whose employers do not offer a retirement plan. This program gives employers an easy way to help their employees save for retirement, with no employer fees, no fiduciary liability, and minimal employer responsibilities. Employers […]
Deduction Limitations on Business Interest Expense: Final Regulations Are Released
Treasury and the IRS recently released final regulations under Section 163(j) of the Tax Code, which relates to limitations on the deduction of business interest expense. This section was revised as part of the 2017 Tax Cuts and Jobs Act (TCJA) and was further modified as part of the CARES Act provisions. Background As part […]
Tax Considerations of a Chapter 11 Bankruptcy Filing
Chapter 11 bankruptcy is a form of bankruptcy that can be filed by businesses or individuals. Its goal is to give the filer time to reorganize and reduce their debt rather than discharge it. Under this type of bankruptcy, businesses can continue to operate, and individuals can keep certain assets that might otherwise be sold […]
A 39-Item Tax and Accounting Year-End Checklist for Your Small Business
Keeping your accounting records up to date all year long is essential for any business so you can see exactly where your business stands and be able to make thoughtful decisions based on clean numbers. At year-end, there are a few extra accounting tasks to finish so that your books are ready for the tax […]
Options for the Business Owner During COVID-19 Pandemic
Many businesses are expected to see significant revenue losses due to COVID-19 and many individuals and business owners are overwhelmed with the choices of what they should do. In addition to considering Disaster Loan Assistance (EIDL) through the SBA and the Paycheck Protection Program through your bank, here are some options to consider related to […]
Building Resilience into Your Small Business
If you currently own or manage a small business, you’ve probably experienced an extremely high demand or you’re preparing for the worst – to be shuttered by law for a few weeks or longer. In either case, your business needs a whopping dose of resilience right now. Here are four steps to safeguard your […]
34 Ways to Get Money Fast in Your Small Business
For many small businesses, it’s time to get scrappy and entrepreneurial when it comes to cash flow. Here are dozens of ideas to make it through the next few weeks or months. Rearrange your 2020 budget. There are lots of things you won’t need to spend money on this year. They can be re-appropriated to […]
The Paycheck Protection Program (PPP) Loan and the Economic Injury Disaster (EIDL) Loan
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law, and one part of it includes two loan programs for small businesses. Paycheck Protection Program (PPP) Loan Owners of businesses, including nonprofits, with less than 500 employees that have been impacted financially due to the coronavirus can […]