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A local restaurant in Chula Vista has learned a very valuable and humbling lesson: DO NOT RIP OFF YOUR EMPLOYEES.
The total is now $274,000 for under reporting, under paying, and workers' comp violations - here's the whole story. http://www.businessinsurance.com/article/20170817/NEWS08/912315257/California-restaurant-La-Querencia-Chula-Vista-cited-for-wage-theft-workers-comp If you are in business here in San Diego - please let us audit your HR & Payroll for you - who knows, we just might save you $274,000! “Honest business owners in California should not have to compete with businesses that skirt the law and deprive their workers of their hard-earned pay,” Labor Commissioner Julie A. Su
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 One of the best tax credits for businesses in California has been gaining momentum since 2014, creating over 70,000 jobs and awarding over $490 million in credit! In order to promote businesses to participate, the state has several free meetings throughout all major cities and towns - see this article by CalChamber, FIND the closest meeting to you, and GO! READ ENTIRE ARTICLE HERE El Centro, CA July 19, 2017 Details and Registration Temecula, CA July 19, 2017 Details and Registration San Diego, CA July 20, 2017 Details and Registration Chula Vista, CA July 20, 2017 Details and Registration "If you’ve ever tempted to monkey around with your company’s payroll records, please…don’t. It’s really not worth it. The story of Hyok “Steven” Kwon and Woo “Stephanie” Kwon in the San Diego Union-Tribune is a very good example why."
This couple effectively performed a 'shell game' with hundreds of people who they 'hired' to work in some of San Diego's most prestigious hotel properties.. This Washington Post article is the perfect 'DO NOT DO IT' read for all small business owners - it's time for you to read it too. www.washingtonpost.com/news/on-small-business/wp/2017/04/11/two-small-business-owners-hide-800-employees-and-now-could-owe-millions/?utm_term=.602f6058e590 IRS will use private debt collectors, but warns of potential scams
by Jeanne Sahadi @CNNMoneyApril 4, 2017: 5:19 PM ET Debt collectors are coming ... for your years-overdue unpaid federal taxes.The IRS said Tuesday it would start sending letters out this month to taxpayers whose longtime unpaid tax debts are being farmed out to authorized private debt collection firms. The private debt collection program was created by a federal law enacted by Congress in December 2015. Here's the rest of the article Finding it hard to believe? Read it from the IRS yourself: Just think of it, you're at your local mall, trying to side-step the kiosks of sunglasses and lotions and time share sales folks, but another kind of pop-up business may just be the key to your budding business' future.
"An experiment in Center City, Philadelphia offers mentoring to budding entrepreneurs", is the sub title to this Inc.com article for an intriguing way to connect entrepreneurs to growth and successful business development. Founder Jen Groover want you to know, "pop-ups are meant--in an hour or two--to lay a foundation for nascent companies to grow. They are set up like trade shows. Only instead of wandering aimlessly, attendees are escorted from station to station and introduced to service providers--a bookkeeping business, a legal adviser, a media trainer, a website developer, and many more--who for a few minutes answer questions and offer advice." JumpStart StartUp is working on pop ups in these cities: Philadelphia New York Baltimore Boston Would you like to see San Diego on this list? The situation has been a thorn in this royal's crown since 2010, when tax fraud charges against her, her husband and over a dozen others have been argued in European courts.
"Spain's Princess Cristina, the 51-year-old sister of King Felipe and sixth in line to the throne, has been cleared in a tax fraud trial." Although she is cleared, her husband will spend the next 6 years, 3 months in jail - not a good end to their fairy tale, the law is the law.... Thank you BBC, and for you curious minds, here's the link to the article: Thanks to Inc.com for an other quick list (with great content in between)with awesome and plain ol' common sense that can apply to all of your relationships. In short:
So, if you need inspiration for that heartfelt Valentine's Day card - this is a great start :)  Not everyone goes into business to hold on to the business for eternity, they actually grow the biz to sell the biz. So, for those who build-and-sell, is the business ready to sell?
Forbes puts it all out there in this article from February 5, 2017, and we invite you to especially take note of the highlights on page 2 - San Diego made the polls! There are 8 statistics to think about - which one rings true for you? Again, comprehensive immigration reform is just good business. If you are in California, then it is GREAT for business!
Your must read article today is:CalChamber Reiterates: Immigration Reform Critical for California’s Economic Future. However you are connected to business in Cali, this issue, affecting nearly 3 million people, and countless employers, is our test that we cannot 'wait and see' how it turns out, or 'wait and see' who will handle it for us - certainly not politicians in another state? Contact your senator or representative today and find out how they intend to address immigration reform and keep California the most vibrant and vital economy in the US. Are you telling your customers that you're cheap and don't pay your employees a solid base wage?
If so, are you hurting your brand by allowing this? Carol Roth, a contributor to Entrepreneur hits all the points on this divisive US topic. |
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August 2017
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