Basically, three separate categories of entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It’s also possible to operate your business as a sole proprietorship without organizing as a separate business entity.
Basically, three separate categories of entities exist: partnerships, corporations, and limited liability companies. Each category has its own advantages, disadvantages, and special rules. It’s also possible to operate your business as a sole proprietorship without organizing as a separate business entity.
Does your employer offer a retirement savings plan such as a 401(k), traditional pension, or profit-sharing plan? Did you receive a stock option grant as a year-end bonus? These employee benefits and others like them are often tied to a timeline known as a vesting schedule.
The productivity surge in 2023 may help explain why the U.S. economy was able to grow at a strong pace while inflation dropped.
The filing deadline for 2023 federal income tax returns is April 15, 2024, (April 17 in Maine and Massachusetts, due to local holidays). Even though the 2024 tax year is well underway, there may still be time to take steps that lower your tax liability for 2023.
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some provisions were effective in 2023, others did not take effect until 2024. Here is an overview of some important changes for this year.
Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024.
If you use part of your home to conduct your trade or business, you might be able to deduct certain related expenses. To qualify for the home office deduction, you must pass certain tests.
Your insurance needs will obviously depend in part on the type of business you operate. However, all business owners should consider at least three types of insurance.
Your actual student loan payments aren’t deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2023, the maximum deduction is $2,500. You don’t need to itemize to claim this deduction.
October is National Cybersecurity Awareness Month, and we’re offering tips, webinars, and services to help make the internet safer and more secure.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce David Cook, from Community Partners in Caring.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Fran Talmadge, from the OASIS Senior Center.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Lisa Murray, from CASA of Santa Barbara County.
Did you know that recycling one ton of paper saves 17 mature trees, 7,000 gallons of water, 3 cubic yards of landfill space, and 4,000 kilowatts of electricity? Thanks to members at this year’s SESLOC’s Shred Days at our SLO, Atascadero and Santa Maria branches, we recycled 113 total bins with 17.79 tons of shredded paper— saving 302 trees, 124,530 gallons of water, 53.37 cubic yards of landfill space, and 71,160 kilowatts of electricity!
