By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Wednesday, October 15, 2014. A water's edge election basically says that you (as a business or entity) agree to be taxed within the jurisdiction for the sales that occur within that state, but only within...
Protecting Intellectual Property Rights And Trade Secrets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Legal Services on Wednesday, October 22, 2014. In any type of business or sector, it is imperative that a company take certain steps to protect its intellectual property. Theft and unauthorized use of a company's IP can significantly...
Proposition 13: California Legislature Seeks To Close Tax Loophole
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Friday, October 3, 2014. "It must be a cold day in hell. The cow jumped over the moon. And pigs are flying somewhere." That was how Assemblyman Brian Nestande, R-Palm Desert (Riverside County) responded after the...
No More Tax Write-Offs For Fines Levied By Pro Sports Teams In California
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, October 20, 2014. The infamous Donald Sterling is still affecting NBA owners (at least those in California) even though he no longer owns the L.A Clippers. California Governor Jerry Brown recently approved a new bill...
More problems at IRS as lien protocols were violated
On behalf of Janathan L. Allen, APC posted in IRS on Friday, October 24, 2014. It was just three weeks ago that we wrote a blog post about the collecting efforts of the IRS. An audit of the IRS' collecting efforts found that they weren't exactly following their own protocols...
IRS Audit: The Importance Of Retaining Your Records
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Sunday, October 19, 2014. An Internal Revenue Service audit is when the IRS reviews an individual's or a company's financial records and accounts to make sure that information is being properly reported and to verify the taxes...
Involving California Residents In The Probate Process Through Wiki-Style Legislation
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Estates on Tuesday, October 21, 2014. Estate planning is not just for the uber rich. Whether you have a small estate with just a few assets or you have a multi-million dollar estate, estate planning and management can...
Increased Liability On California Companies Employing Temporary Workers
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Business & Contracts on Thursday, October 23, 2014. We've written several posts about the importance of classifying workers as employees or independent contractors. Whether a worker is classified as an employee or independent contractor can have significant tax implications...
Improper Use Of Volunteers In Your Business
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Monday, October 6, 2014. We've discussed before that California businesses need to ensure that all employees are properly classified as an "employee" or "independent contractor." The failure to properly classify an individual as an employee of...