When planning to relocate or expand their business, owners and CEOs look at a variety of different factors that will impact the cost of the relocation or expansion. These include such factors as infrastructure, raw materials, equipment, skilled labor, land costs, utilities and site improvements. One important expansion or relocation cost...
Owners of small and mid-sized businesses face many daily challenges in running their companies — everything from managing their employees and operations to juggling their finances and keeping the cash flowing. But one challenge that is often overlooked is the challenge of dealing with regulatory surprises that are sprung by...
It is becoming apparent that 2014 will hold a unique set of challenges and opportunities for Los Angeles and Southern California business owners and entrepreneurs. Let’s start with the good news: A recent survey of small business owners indicated they are the most optimistic they have been in five...
For years, many Los Angeles and Southern California business leaders have used a simple strategy to save on taxes. Instead of the operating company owning its owner-occupied real estate, the owners will form a separate entity (usually an LLC) to buy the real estate and then lease it to...
An undeclared battle has been waging for years between the IRS and many Los Angeles and Southern California businesses that own or lease tangible property regarding whether expenditures related to such property should be expensed or capitalized. Expensed property can be deducted immediately as a current expense, but capitalized property...
One of the more confusing things that business leaders sometimes have to deal with is the payment of state and local taxes, or SALT. Companies that conduct business in multiple states may be required to pay SALT, but many often aren’t aware of this obligation. Whether or not a company must...
In today’s economy, CFOs face a wide array of regulations that monitor everything from financial activities to clean air and water policy. The debate over the necessity of such regulations has gone on for many years (and certainly will continue into the future), with opponents claiming that excessive regulation hinders...
Take a look at these quotes from press releases and statements made by members of Congress concerning the U.S. tax code (www.house.gov):
“The Internal Revenue Code and regulations add up to one million words…nearly seven times the length of the Bible.” John Hostettler (R-IN)
“At 3,458...
Successful companies look for payroll and payroll tax processing solutions that are fast, accurate, versatile, reliable and easy to use. For companies with multi-state, multi-regional or multi-national operations, solutions must also be able to deliver functionality across geographic jurisdictions. All businesses with employees have responsibilities relating to payroll taxes. Payroll taxes...
The Sarbanes-Oxley Act (SOX) has brought major changes to the regulation of financial reporting and corporate governance practices. SOX was enacted in the wake of the Enron and WorldCom financial scandals to protect shareholders and other company stakeholders from corporate accounting errors and fraudulent financial practices. The Act covers a...