by Anthony Imbimbo | Apr 3, 2020 | Business Income Tax, Individual Income Tax
Small businesses are threatened by AB5, the new Independent Contractor law, and as a result of the sweeping changes some may end up going out of business. The following will help you figure out what you need to know and do to survive AB5. The chart below depicts the...
by Anthony Imbimbo | Feb 3, 2020 | Business Income Tax, Individual Income Tax
AB 5 is a new law effective 1/1/20. It will enforce California independent contractor rules, punishing businesses that misclassify workers hired as independent contractors that should have been employees. They are targeting both small and large businesses. However,...
by Anthony Imbimbo | Nov 2, 2015 | Business Income Tax
Here’s a very interesting article by Attorney James McDonough August 20, 2015 Last week, the Ninth U.S. Circuit Court of Appeals ruled that medical marijuana dispensaries cannot claim business expenses to the IRS as other commercial enterprises. According to...
by Anthony Imbimbo | Jan 7, 2015 | Business Income Tax, Individual Income Tax
Preparing your taxes for 2014 will be a daunting task. With every important job comes the question of whether or not individuals should prepare their taxes themselves or hire a professional. While the ever improving selection of tax preparation software certainly...
by Anthony Imbimbo | Jan 6, 2015 | Business Income Tax, Individual Income Tax
Would it surprise you to learn that many small business owners trust their CPAs as much as their family members? It’s true. According to a survey by the American Institute of CPAs, CPAs are considered business’ most trusted advisors, and with good reason. CPAs, in...
by Anthony Imbimbo | Jan 6, 2015 | Business Income Tax, Individual Income Tax
10. It takes the hassle out of doing it yourself. 9. You don’t have to keep up with the many tax law changes or understand complicated tax law. 8. Making mistakes can be very costly. 7. Your time is worth money – add up the hours you would spend doing it yourself and...
