Running A Business
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...
Price or Terms: The Structure of the Deal
Is price or terms better when buying or selling a business? It all depends on the structure of the deal. An old saying in negotiating the sale of a business goes like this: The buyer says to the ...
Update on Privacy Violation Enforcement For Businesses
Privacy policies and privacy violations in business is certainly a hot topic these days. On July 19, 2021, the California Attorney General issued an update on businesses that violate the California Co...
Finding My Think Space
Now that meeting-in-person is back underway, I didn’t realize how much I missed my car. But why? Because my think space was back! During the pandemic shutdown, my partner and I found ourselves absolut...
Social Engineering Reaching New Heights
Here’s a scary local story. Social Engineering: “The use of deception to manipulate individuals into divulging confidential or personal information that may be used for fraudulent purposes.” A F...
The SAFE Banking Act For The Cannabis Industry
Cannabis is classified as a prohibited substance under the federal Controlled Substances Act. Despite that classification, 36 states and 4 U.S. territories have authorized the use of marijuana for med...