Running A Business
New California Reporting Requirements for Businesses
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...
Start at the Exit
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...
Should A Business Owner Take A Salary?
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.” ...
Taking Your Law Firm Digital
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 ...
8 Things Business Owners Should Do in 2022
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...
Yikes! I Got a Tax Notice In the Mail!
Don’t panic and don’t ignore a tax notice sent by the IRS. One of the great fears we all share is receiving an IRS notice in the mail, especially if it shows up requiring a signature. The fear and anx...
Recordkeeping: The Key to Smooth Tax Transactions
Well-organized recordkeeping makes it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. OK… here’s the deal. As a tax-...
Internal Attacks: Watch Your Back!
Assaults by way of scams and cyber attacks don’t just come from outside your business! Today’s cautionary tale is brought to us from the East Coast, where the office operations manager at a big law fi...
A Blender & Tax Resolution
One accountant’s reflection on what a 1960s blender and tax resolution services have in common. The Good Old Days When I was a kid, growing up in the late ‘50s through the early ‘70s, my father sold h...