Author: BottomLine Management

Calfornia Assembly Bill 5 - What Is It & Will It Affect Your Business?

Governor Gavin Newsom signed Assembly Bill 5 into law on September 18th, 2019 - and it went into effect on January 1, 2020. Also known as the “gig worker bill,” this piece of legislation could have an impact on your business - especially if you hire independent contractors. Don’t make the mistake of thinking this is only for people who drive for Uber or Lyft.

Spring Cleaning Tips for Business Owners: What Important Financial Documents To Keep

Did you give your business financials a Spring cleaning this year? As a business owner, you understand the importance of having essential financial documents at the ready. Things like your balance sheet, income statement and cash flow report should be easily accessible and updated regularly. But do you really need to keep seven years worth of federal & state tax returns?

New Sales and Use Tax Rates Operative April 1, 2019

If you own a business in Oceanside, the tax rate has increased from 7.75% to 8.25%, effective April 1, 2019. The tax rate for all other cities in North County San Diego remains unchanged. The sales and use tax rates vary depending on your retail location, with a base sales and use tax rate of 7.25 percent applied statewide. In addition to the statewide sales and use tax rate, some cities and counties have voter- or local government-approved district taxes.

3 Financial Mistakes That Are Hurting Your Business

As a local business owner you want to ensure you're doing everything possible to maximize profit & minimize loss. Financial mistakes can impact your business in the near & long-term, in order to prevent them you need to understand what the potential mistakes are, and how to avoid making them in the first place.

The Basics of Payroll Management

Maybe you have a team of twenty, or maybe you just hired your first employee, either way, you know how important it is to make sure your employees actually get paid. If you’re not familiar with payroll management, you'll quickly find yourself searching for answers. Payroll management comes with an entirely different learning curve than say