SIMPLE Choices for Retirement Plans

Retirement plans can be a great benefit to businesses. Beyond attraction and retention of employees, offering a retirement plan gives your business access to significant tax deductions. A SIMPLE IRA is often a good retirement plan option for small businesses. This year the deadline for setting up a SIMPLE IRA is October 1, 2018. It is important to weigh your options and decide soon if a SIMPLE IRA is the best retirement plan for your business.

California Supreme Court Adopts New Definition of Independent Contractor

Late last month, the California Supreme Court made headlines when it adopted a new test to determine whether a worker should be considered an independent contractor or an employee. This distinction is an important one; California labor law protects the rights of workers deemed to be employees by enforcing wage and hour requirements, and by upholding anti-discrimination laws. Independent contractors are not offered these same protections.

Retention Guidelines for Small Business Tax Records

You probably felt relieved after you filed your 2017 income tax return (or filed for an extension). However, if your office is now littered with years’ worth of tax returns, canceled checks, receipts and other financial records (or you are drowning in equivalent computer files and tax-related data), you most likely are ready to dispose of what you can. These retention guidelines will help you as you purge.

2018 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

These are several important tax-related deadlines for businesses and other employers occurring in 2018’s second quarter. Be advised that this list isn’t all-inclusive — you may have other deadlines specific to your company. If you want more information about the filing requirements, please call us at 949-860-9902 or click here to contact us. We can also make certain that you meet all deadlines that apply.