Does California enforce strict ecommerce tax laws?

The advent of the Internet has changed the way people purchase goods. The current regulations at both the federal and state levels do not meet the needs of an electronic commerce model. Legislatures have not focused on modernizing either the tax laws or systems in order to adequately harness the revenue producing potential of the ecommerce world.

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Estate Planning Will Help Weather the Storm of Tax Increases

There has been much concern lately over a possible estate tax rate increase for higher-income people, leaving many of those with inherited wealth wondering how much more they will be paying in the future. As experts in tax, accounting and advisory services, Janathan L. Allen, APC has heard a lot of these concerns from our clients, and is here to help provide accurate information on this and other important financial issues. Regardless of any changes in the tax laws, we can help clients plan for ...

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Is Your Corporation Complying With Corporate Formalities?

Sometimes business owners get so caught up in running a business that they forget about the little things. In the mind of an owner of a business, specifically one formed as a corporation, following corporate formalities is probably far down on the list of important items. This should not be the case. Forming a corporation provides protection to the personal assets of its owner. This is one of the main benefits of forming a corporation. However, if corporate formalities are not followe...

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Intellectual Property and Your Business - 5 Things You Should Know

Intellectual property is an important aspect of business and a vital part of Janathan L. Allen, APC’s legal services, but many businesses still don’t consider this factor as much as they should. In fact, many business owners do not realize that this should be such an important concern, or think that it doesn’t affect them because of the type of business they’re in. Whatever sort of business you run, intellectual property should be a concern. Here are five facts about this issue that you should c...

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Sole Proprietor or Partnership vs. Corporation or LLC - Which is Best for You?

There are many good reasons to invest in business formation consulting in the San Diego area, especially if you’re unsure of whether you’re better off forming a sole proprietor/partnership or a corporation/LLC. There are, of course, many advantages to forming a corporation rather than a sole proprietorship or partnership. That is why so many business owners make this choice. It isn’t the right choice for every business, though. It’s important to understand the advantages and disadvantages of bot...

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Start Preparing Now For Your 2012 Tax Return

With the busy holiday season quickly approaching, now is a good time to begin getting everything in order to prepare for your 2012 tax return.  Hopefully you’ve been making estimated tax payments throughout the year if you are a taxpayer that is required to do so.  If not, you will likely be subjected to interest and penalties from the IRS.  Fourth quarter estimated tax payments are due January 15, 2013.  For those that have failed to make their estimated tax payments throughout the year, it is ...

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Tax Revenue Drops in California

Do you live in California and have questions about your taxes? You’re not the only one, especially after some recent news about slowing revenue improvements, even as tax collectors in state governments across the United States report gains over previous years. According to a study cited on CNBC, the 3 percent increase in tax revenues over the previous year after 10 straight quarters of gains wasn’t enough to stop the slowing growth of state revenue improvements. And some states, such as Californ...

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Job Shadow Day 2012

Today we have six (6) students from local area high schools (Escondido High, Orange Glen High and San Pasqual High) participating in "Job Shadow Day".  This is an annual event run by Escondido Education COMPACT where the business community of Escondido has the opportunity to inspire high school youth, grades 9-12, to become successful workers in the future.  The students come in to various businesses throughout the community to shadow professionals in a career of their interest.  Janat...

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Starting a Small Business - The Importance of a Legal Entity

Anyone following the upcoming presidential election knows that the economy has been a hot topic.  With national unemployment hovering above eight percent, both candidates are proposing their plans to turn the economy around.  These plans include ideas to help small businesses.  Are you one of the millions of Californians who run a small business?  Maybe you’re considering starting a small business.  If so, there are many factors to consider beyond just making the business profitable.  You must ...

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Three Pieces of Business Advice All New Entrepreneurs Need to Hear

When you’re starting out as an entrepreneur, many people will insist they have some new sort of business advice you need to hear about, but unless it’s coming from an expert, you should take their advice with a grain of salt. It’s important to turn to an expert for consultation when developing your new business strategy, in order to make sure you’re on the right course. It’s also important continue to revisit that strategy with the same high level of professional guidance as your company continu...

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