Business Consulting – LSL CPAs & Business Advisors – 714-569-1000 – Santa Ana, California
Change At LSL, we’re always trying to share business development strategies to help our clients run a more successful business. These ideas and strategies have proven to be effective in many different types of businesses. However, for you and your team members to effectively implement these ideas you need to Read more…
Introduction Art critic and social commentator John Ruskin once said, “It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money, that’s all. When you pay too little, you sometimes lose everything, because the thing you bought was Read more…
In my previous article, “The Top 5 Reasons to Move Your Books to the Cloud”, I discussed how anytime, anywhere cloud access is the future of small business accounting systems. One of the reasons cloud accounting is taking off is the availability of inexpensive, yet robust, specialized applications that will Read more…
Are you considering downsizing as you head into retirement? If you are aged 55 and older, there is a tax break you can qualify for in California that allows you to keep your property tax base as you relocate. California voters approved a pair of propositions in the late 1980s that Read more…
What is your new year’s resolution? For 401(k) plan administrators, it is a good time to go over the plans’ operation and make changes where needed. Here are a few tips on how to make sure your plan is ready for the New Year: Make sure amendments made to the Read more…
LSL Shareholders had the pleasure of attending Oppenheimer’s Professional Alliance Group Conference in New York City on November 16-18th. Since its inception, the PAG program has experienced tremendous growth and is currently overseeing 126 relationships both domestically and internationally. PAG relationships include CPA firms, family offices, business managers, attorneys, and Read more…
It’s likely that big tax changes are on the horizon. It’s unknown at this time when these taw lax changes will be effective, but most likely they will be spread out during 2017 and 2018. Individual Tax Changes Trump’s plan would simplify the current 7 tax brackets to 3 brackets. Read more…
The Anaheim Economic Development Conference was held on November 16 at the Paradise Pier Hotel. After a light breakfast buffet, attendees settled in to hear Don Evensen, CIO of Citizen’s Business Bank, give an overview of the current state of the national economy. He had interesting insights into what we Read more…
Does your business plan include considering a move to a new state, adding a new location, or perhaps just adding onto your building? Are you planning to hire anyone in 2017? Is your business ready to grow? If you plan to hire as few as 3 new employees over the Read more…
Effective January 1, 2017, California’s minimum wage will rise to $10.50/hour and until it eventually reaches $15/hour. For businesses with 26 or more employees, the $15/hour wage will be phased in by January 1, 2022. Here is a snapshot of the schedule: 1/1/17 – 12/31/17: $10.50/hour 1/1/18 – 12/31/18: $11/hour Read more…