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California Passes Paid Sick Leave Law

admin  -  Jul 16, 2015  -  Comments Off on California Passes Paid Sick Leave Law
California Passes Paid Sick Leave Law Beginning in 2015, California employers must provide paid sick leave to employees. When California passed the Healthy Workplaces, Healthy Families Act of 2014, it became the second state in the nation, following Connecticut, to require employers to provide paid sick leave to employees. However, while the Connecticut law only applies to large employers (those with 50 or more employees), the new California law will apply to all employers regardless of their size. Beginning on July 1, 2015, California employers must have paid sick leave policies that comply with the following requirements: Eligibility. Employees who work at least 30 days in a year are eligible to receive paid sick leave. Employees can begin using accrued sick

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Wells Fargo Bank changes processing policy (it’s a good move for account holders)

admin  -  Aug 14, 2014  -  Comments Off on Wells Fargo Bank changes processing policy (it’s a good move for account holders)
For years big banks (Wells Fargo Bank, Chase Bank, US Bank, etc…) would stack processing of your VISA ATM CHECK CARD purcheses to their advantage. A bit low brow… In the event that if you would have a larger amount transaction; like $332.86 (regardless of when it was swiped that day or when it was presented to the bank it would be processed first, then the smaller amount transactions would be later presented $26.82, $14.87, $3.29. What’s all the fuss? Here’s where it gets a bit sneaky…you go to the gas station and you put $75.81 of gas in your car using your VISA ATM CHECK CARD.  It only authorizes $1.00 on your checking account and the actual $75.81 may not

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Flying your business blindfolded?

admin  -  Aug 11, 2014  -  Comments Off on Flying your business blindfolded?
Do you know someone that is a small business owner? Or maybe you own a small business.  Either way, I think everyone has probably heard the mantra of “you should have a bookkeeper, you need to look at those financial reports…blah..blah..blah.” Here is what I have found after owning an online accounting company and working with lots of small business owners over the last 10 years. It’s true that many small business owners think that bookkeeping is optional and it is just another overhead expense. Below I share a couple scenarios where I this is true and your flying blind in the process. Here is why If you are only looking to have bookkeeping for compliance purposes, like you need

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Why taking a small salary blurs what is ‘actual’ net profit

admin  -  Jul 07, 2014  -  Comments Off on Why taking a small salary blurs what is ‘actual’ net profit
  A couple of weeks I came across a small business owner that was flaunting their 20% net profit margin, and shared they were just crushing it! What I have come to find when peeking behind the curtain, I could quickly see what was making their net profit look so good and what was causing their income statement and balance sheet to give this false reading. Why do I say this… Many times here is what is happening, the business owner is usually paying themselves a small salary, maybe $30,000 or less annually. Then they are taking another $45,000 in distributions that are showing on the balance sheet. Here’s what’s really happening… The business owner might be patting themselves on

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Help us get to 600 LIKES by April 15th

admin  -  Apr 07, 2014  -  Comments Off on Help us get to 600 LIKES by April 15th


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Overdraft fees from Chase Bank leads to a solution

admin  -  Apr 06, 2014  -  Comments Off on Overdraft fees from Chase Bank leads to a solution
I’m sure you have heard of the concept “speed dating” before, maybe? Some of the local business chamber of commerce’s have adopted the idea of “speed networking”.  It’s a fun way to meet a ton of other business owners in a very short period of time. During the last event I went to I met Shelly, business banker at Chase Bank in Elk Grove, California. Although we only had 90 seconds each to connect during the “speed networking” mixer, I mentioned that I was motivated to meet business bankers because our company has a unique approach to bookkeeping using our proven paperless bookkeeping service that lifts the bookkeeping burden from a business owner, allowing them to manage their business by

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When turning your hobby into a business goes bad

admin  -  Apr 06, 2014  -  Comments Off on When turning your hobby into a business goes bad
One of my favorite outdoor activities in the Spring is to play golf. Have you ever turned what was a hobby into a business, then later found that you maybe did not enjoy it as much? Last Spring the phone rang with a CPA I have worked with for a couple of years now mentioned that he had a referral for me, and thought we could help. The CPA had been preparing taxes for this retired golf pro, who had built a sizeable golf academy. The business is doing really well, and the golf pro spends most days working with his instructors and coaching students. Every week $1,000’s of dollars worth of invoicing is generated in Quickbooks, and then students

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It’s awesome to see people live their passion

admin  -  Apr 06, 2014  -  Comments Off on It’s awesome to see people live their passion
Don’t you just love seeing people living their passion, I do. Just this last Fall, I was introduced to a woman business owner in the Sacramento area that already was outrageously successful having created her own network marketing company in the nutrition industry. She reached out to me and said that she wanted to create a seminar training company. One that would teach, train, and motivate fellow women business owners her passion and truth for success. Karen is a woman of action (to say the least!) and wanted to get her seminar business going right away,so one of the key systems we needed to get into place right away was her accounting. Although, she did not have ANY clients or

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I keep talking to people and was shocked by this referral

admin  -  Apr 06, 2014  -  Comments Off on I keep talking to people and was shocked by this referral
Shopping for office space is not usually what I like to do for fun. Since we have been doing some hiring over the last several months, it is starting to get a bit crowded over here.  Anyhow, I dropped into a local business and bumped into the owner of the building, who also happened to be a CPA. We talked a little and I mentioned what I was looking for in an office, and then he asked what kind of business we had.  I shared that we were a paperless done-for-you-bookkeeping company, and that we were all local here in Rocklin. He said that he may have a client for us that he needs help with. It turns out that

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Wells Fargo bank called me with unexpected news

admin  -  Apr 06, 2014  -  Comments Off on Wells Fargo bank called me with unexpected news
I got a call from Wells Fargo Bank this morning, and it was a business banker I had met at a recent business mixer. We had already connected up for a follow up meeting after the mixer the following day to get more acquainted, and for each of us to better understand what to keep our feelers out for in the community. She called to let me know that he had a customer that had done (5) real estate investment deals earlier this year, and he was worried about how to get it all prepared so he could get his taxes filed. Once the client hired us, he dropped of “the box” of all of the documents, statements, and receipts. 

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