In 2016, California enacted legislation creating a way for individuals to avoid probate with the creation of a trust. To create such a probate free transfer, an individual could execute, have notarize...
In California, there is a new statement of information Successor Liability reporting requirement for businesses. If you went online to file your annual statement of information with the California Sec...
Why you might get a 1099 for monies you received in a following year. The Issue As a CPA I come across this situation all the time. I have clients who will mail checks to pay their vendors on December...
With the majority of investment 1031 Exchanges failing every year, the primary reason tends to be lack of planning. For more than 25 years, I’ve worked on countless commercial 1031 Exchanges nationall...
If you are starting a business, it helps to know what your plan is. But what if you start with your exit in mind? Starting a business always requires a plan. Over the past two years, millions have est...
If you own a business in name only, beware of taking a salary. Owning a business in this manner is not sufficient to take a salary! There are many businesses that have owners that are in “name only.” ...
When the IRS needs to collect an outstanding tax liability, do they ever go away? I had never heard of the Immortal Jellyfish until I saw it on the show, “Blacklist.” Turns out the Immortal Jellyfish ...
This managing partner shares three benefits of his firm going “paper light.” As managing partner of Oberg Law Group, this is a case of teaching an old dog new tricks—successfully. I needed to take my ...
With a new year upon us, it’s a great time to brush up on operations. Use your time early to take on these 8 things every business owner should do to give their business a leg up this year. Write a Bu...