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More on AB5: Common Law Rules versus California regarding Independent Contractors
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...Are miscellaneous itemized deductions allowable?
Miscellaneous itemized deduction rules recently changed and are not allowable for Federal Tax purposes but they are still allowable for California Tax purposes. Miscellaneous itemized deductions are certain business and non-business expenses that individuals as...Small Businesses Beware! AB 5 WILL affect businesses that hire workers with the intent of treating them as independent contractors!
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,...2019 Tax Law Changes
2019 Tax Law Changes