Blog
Big Beautiful Bill Details San Luis Obispo Business Owners Might Have Missed
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are coming in 2026.) New R&E rules aren’t automatic. Retroactive benefits for 2022–2024 require elections, deadlines, and...
What Payroll Checklist Steps Do San Luis Obispo Business Owners Need to Complete Before December 31?
Key TakeawaysVerify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create big filing issues. Review 2026 compensation rules now. State and local minimum wage increases and the Social Security wage...
San Luis Obispo Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or managers. Meals with clients are typically only 50% deductible, and entertainment remains 0% deductible. Employee gifts can...
Can San Luis Obispo Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct up to $3,000 against ordinary income ($1,500 if married filing separately). Unused losses carry forward...
Cole Stevens’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless to...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for San Luis Obispo Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The credit can be worth up to $2,400 per eligible...
Why Cash Flow Management Is Important At Year-End in Your San Luis Obispo Business
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...
What Year-End Moves Can Protect San Luis Obispo Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It...
Changing Your Business Entity Means A Lower Tax Bill, San Luis Obispo Owners
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If you’re a Sole Proprietor or single-member LLC, you’re likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by...
Smart Accounting For San Luis Obispo Small Businesses in 2025
Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your tax advisor before making financial moves to avoid missed deductions or costly surprises. You need modern, integrated tools to stay compliant (and audit-ready) in 2025. The...
Answers for San Luis Obispo Business Owners: Can I Put Personal Money in My Business Account?
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
New 1099 NEC Threshold: How Do I Pay San Luis Obispo Contractors?
“Simple can be harder than complex.” — Steve JobsQuick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax...