Practical tax updates, accounting tips, and law changes explained for small business owners in Milpitas, San Jose, Fremont, and Santa Clara.
The OBBB exempts tip income from federal income tax — but California doesn't conform, and FICA still applies. Here's what restaurant, salon, and hospitality owners in Milpitas need to know about the payroll changes.
Read more →Overtime pay earned by hourly employees may soon be excluded from federal income tax. California doesn't conform. Here's what Bay Area business owners with hourly workers need to understand before the change hits payroll.
Read more →The general 1099 threshold is rising from $600 to $1,000 — reducing paperwork for small businesses with many vendors. But California's requirements stay at $600, and attorneys and rents have their own rules.
Read more →Section 1202 can eliminate federal capital gains tax on up to $10 million when you sell qualifying startup stock. But California doesn't conform — and the rules are strict. What every Bay Area founder needs to know.
Read more →The QBI deduction lets pass-through business owners deduct up to 20% of business income — and the OBBB proposes raising it to 23%. Who qualifies, what the income limits are, and how to maximize it.
Read more →B&H serves small businesses throughout Milpitas, San Jose, Fremont, and Santa Clara. Call for a free consultation.
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