The issues related to proper worker classification impact many businesses, including contractors. The rules are often unclear and their application is based on each employer’s specific facts and circumstances. An Internal Revenue Service or California Employment Development Department audit resulting in the reclassification of workers can have a significant bottom line impact. As a result, it is important to correctly determine if your workers are employees or independent contractors. (more…)
There has been much discussion about restructuring the California Tax System. Currently, California relies significantly on personal income tax collection to fund its state expenditures. Tax revenue based on personal income relies heavily on the unpredictability of capital gains which makes it impossible to forecast the state’s future revenue. This puts California in a very vulnerable situation should the stock market collapse, creating an abrupt shortfall in the State budget. Most people would agree that the California tax system is outdated, unfair, unreliable and long overdue for tax reform. (more…)
Amie Gray, CEO of N³ Innovation, spoke at the ASL Emerging Business Group’s best practices seminar on, “Using Innovation to Grow Your Emerging Business.” In this podcast, Amie shared that innovation sustains your business and to do research to plan for what your market will look like in three to five years out. Take a listen to hear more about what Amie shares in this mini podcast.
China has widened the number of qualifying research and development (R&D) costs that are eligible for a super deduction for Chinese corporate income tax purposes.
The country released Circular 119, which would allow Chinese resident enterprises to retroactively deduct qualifying R&D expenses incurred over the past three years, among other things. The information in the guidance is part of China’s continuing efforts to strengthen and encourage R&D innovation and development strategies. (more…)
Marko Gargenta, Content Marketing Expert, spoke at the ASL Emerging Business Group’s best practices seminar on, “Content Marketing: Creating A Powerful Marketing Gravity For Your Business.” In this podcast, Marko shared how important it is to share your content and generate more value than you capture, something that he has been inspired by from Tim O’Reilly.
Shannon Fraser, from US Commercial Service – Silicon Valley and Jeff Deiss from the US Small Business Administration (SBA)-Office of International Trade, spoke at the ASL Emerging Business Group’s best practices seminar on, “The World Is Open For Your Business.” In this podcast, Shannon and Jeff shared some strategies on why and how to do business overseas.
John Beck, CFO, and Rick Randel, Attorney, spoke at the ASL Emerging Business Group’s best practices seminar on, “Who Owns What: Real Life Cap Table Stories.” In this podcast, Rick and John shared how important it is to document everything you do and to ask for help when planning the cap table, to help plan for the future.