The only word to describe the inaugural 626 Asian Night Market in Pasadena is “insane”.  The organizers did such an incredible job of marketing the event that they had ten times the turnout expected.  As a result, the city of Pasadena experienced an “Asian...

The new Health Care Reform law will bring a lot of changes, and potentially a lot of added costs, to certain businesses if it is implemented as currently legislated.  These costs won’t be evenly shared, either. For unlike small and medium sized businesses, most large corporations and...

As an employer offering a retirement plan such as a 401k plan, did you receive a questionnaire from the IRS (Internal Revenue Service) in May 2010?   You can’t miss it.  The questionnaire is 46 pages and covers three years of data, 2006-2008. 1,200 companies were chosen at random by...

The IRS is proposing a change in the current quarterly tax payment procedures.  Right now, small businesses and high income individuals are walking into their bank with a coupon and making federal tax deposits once every three months.   After December 31, 2010, all federal tax payments must...

If you have a relative who died this year, 2010 and you’re confused by what taxes you have to pay, you’re not alone: the government doesn’t know either.   The expiration of the estate tax this year has the IRS (Internal Revenue Service) in a tizzy. At a recent tax forum, an...

Unless you read the new Healthcare law carefully, you could miss all the regulations completely unrelated to healthcare.  The most egregious being the requirement that all businesses  report on a 1099 whenever they pay any vendor or contractor more than $600/year. Yes, if you have Google...