Business Owner

Beware of New Requirements for California Transfer Upon Death Deeds in 2022

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...

Wait A Minute—Is This 1099 Right? by Gary Weiss

WAIT A MINUTE!!! Is this 1099 Right?

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...

Start at the Exit

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 salary? Madison Oberg

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.” ...