Commercial Accounting Experts – LSL CPAs & Business Advisors – Brea, Santa Ana and Sacramento, California – (714) 672-0022
Three possible support levels are available to make accounting easier, decisions wiser, and the business owner happier. Quick! How much money do you have in the bank? This is not a trick question. For some business owners, the answer to the question is easy. We asked Andrew, a prospective Read more…
We all just went through an incredibly difficult process of calculating and applying for our PPP Loan with the SBA. Our banks were just as confused as we were in what felt like a good old Oklahoma Land Rush. Would we do anything wrong that would push us to the Read more…
On April 2nd California Governor Newsom announced a one year reprieve on sales tax for small businesses.This effort is meant to provide business owners with the cash flow they need to meet current obligations and continue to stay afloat. What does this mean? Instead of business owners paying the sales Read more…
Maybe. When you have a business presence in another state, you must charge and remit sales taxes in that state. This is referred to as ‘nexus’. Nexus impacts businesses that sell products and some services directly to the consumer. It’s a big deal because if you’re company does not remit Read more…
Does your franchise recognize fees from franchisees when a new location opens? Before FASB adopted the new revenue standard, this was the most common way for franchisors to recognize initial franchise fees. Under the new revenue recognition standards, which take effect for private companies in January 2019, franchisors will need Read more…