[Source: Bloomberg Politics] The re-launch of a government relief program for small firms got off to a rocky start Monday, with lenders reporting being shut out of the U.S. Small Business Administration’s system amid a flood of applications for loans. The SBA said that “unprecedented demand” was slowing down its loan-processing platform and there were Read More…
Tag: small business
The rise in PAGA penalties is evidence of law’s abuse
[Source: Orange County Register] There’s growing recognition among California’s small businesses, nonprofits, and legislators that the state’s Private Attorneys General Act (PAGA), which deputizes employees and trial lawyers to enforce state labor law, must be reformed to curtail widespread abusive lawsuits. Over the last 15 years, more than 35,000 PAGA notices have been sent to Read More…
Why coronavirus could hit small businesses the hardest
[Source: Yahoo Finance] Keeping the U.S. economy on its feet as coronavirus pervades American borders is up to consumers and how much they’re willing to go out and spend, especially at small and midsize businesses, supply chain management expert Hitendra Chaturvedi says. Chaturvedi, a professor at Arizona State University’s W.P. Carey School of Business, said Read More…
The false premises and promises of the push for split roll
[Source: Orange County Register/Carolyn Cavecche] I guess desperate times call for desperate measures. But I am keeping my fingers crossed that California voters, already living in the highest taxed state in the nation, will see through the political antics of the desperate. In 2018, some of California’s largest labor organizations and civil rights groups filed Read More…
Small businesses and communities rely on Prop. 13
[Source: Orange County Register/John Kabateck] A study by the National Federation of Independent Business (NFIB) found only 22 percent of U.S. small-business owners own the property on which they operate. The majority lease or rent their property. Furthermore, many small-business owners have what is called a triple net lease, which means in addition to the Read More…
Measures employers should incorporate to mitigate risks under PAGA
[Source: CalChamber] One of the most onerous labor laws employers in California contend with is the Private Attorneys General Act (PAGA). The law, which some have nicknamed “the sue your boss law,” allows employees to file lawsuits to recover civil penalties on behalf of themselves, other employees, and the State of California for labor code Read More…
Not subject to Air Resources Board jurisdiction? You will be very soon
[Source: CalChamber] Do you get deliveries to your business? I expect you do. Under a new rule being considered by the California Air Resources Board (CARB), you may be subject to onerous reporting requirements under CARB’s Advanced Clean Trucks program even if you do not own or lease a single truck. This reporting requirement is Read More…
When is enough enough?
[Source: CalChamber] We often hear from our members that the California Legislature churns out too many new laws each year and the 2019 Legislative Session is likely to be more of the same. California businesses struggle annually to comply with an ever-changing landscape, both with new statutes enacted by the Legislature (last year was a Read More…
Some small business owners could avoid cap on state and local tax deduction after IRS clarifies new rules
[Source: Los Angeles Times] Small business owners could avoid a new federal limit on state and local tax deductions after the Internal Revenue Service said Wednesday that rules it released last month to prevent efforts in California and other states to circumvent the cap apply only to individuals. Businesses will be allowed to claim a Read More…