By: Silver Fox Accountancy S-Corp status is a popular choice and is often highly recommended to small business owners to reduce their tax liabilities. However, this is not a one-size-fits-all choice as depending on how much income that business is bringing in, they may be better off with having their business set up as a C-Corp. What is an S-Corp? An S-Corp is an entity that has elected to pass its income and losses onto its shareholders. There are strict rules with the IRS to maintain S-Corp status including having no more than 100 shareholders and commitment of the owners…
Author: SBE Staff
LOS ANGELES (SBE) – The County of Los Angeles Department of Parks and Recreation invites the community to its Juneteenth festivities at five county parks on June 17 and June 18, celebrating Black culture and community achievements. Entertainment performances will feature Black artists and musicians such as Caribbean concert band, Island Passion Band (El Cariso Park), independent creatives from Soulful of Noise (Mayberry Park), R&B group Champaign (Belvedere Park) and singer, songwriter and producer, Sydney Ranee (Jackie Robinson Park). The events will also include food from local vendors, sports tournaments, workshops and much more. “We’re thrilled to celebrate Juneteenth at…
René Romero announced he has received the endorsement from Transportation Workers Union of America (TWU), Local 575 for his campaign to represent California State Assembly District 57. “Rene has demonstrated unwavering commitment to fair wages, workplace safety, and affordable healthcare. We firmly believe that his experience, integrity, and passion for public service will make a significant difference in shaping policies that directly impact the lives of working people and their families,” stated TWU Local 575 Vice President Enrique Guzman. TWU Local 575 represents over 2,000 members and works to improve the working conditions, wages, and schedules of fleet service workers at the…
LOS ANGELES – Taco Bell and its subsidiary have been ordered to pay $85,500 to settle a lawsuit that alleges the company denied customers from cashing out gift cards less than $10. “Businesses have a responsibility to honor their customers’ gift cards, regardless of the amount. This settlement sends a clear message that companies like Taco Bell must abide by the law and treat their customers fairly,” District Attorney Gascón said. “We will continue to hold businesses accountable for actions that harm consumers and protect the rights of the people in Los Angeles County.” The complaint was filed in Ventura…
Operation HOPE and Wells Fargo announced the grand welcome of a new ‘HOPE Inside’ location in Los Angeles, California. The award-winning HOPE Inside program, which offers access to free financial coaching services, will be located within Wells Fargo’s Florence & Central Branch, 1144 E. Florence Ave., Los Angeles, CA. “Wells Fargo has been a long-time partner of Operation HOPE and we are excited to help accelerate their commitment to increasing financial literacy,” said John Hope Bryant, founder, chairman and CEO of Operation HOPE. “Nearly a decade later, we see the true impact of our HOPE Inside model. Together, we will continue to uplift families in Los Angeles one relationship at a…
SANTA ANA, Calif. – A Fresno man has been arrested on a federal criminal complaint alleging he carjacked a motorist in Fullerton and threw her out of the car before leading law enforcement on a high-speed pursuit in which he hit a police car, then fled on foot before officers apprehended him, the Justice Department announced today. Deshawn Ricks, 33, was arrested Wednesday afternoon and is charged in a federal criminal complaint with carjacking. Ricks is scheduled to make his initial appearance this afternoon at United States District Court in Santa Ana. According to an affidavit filed with the complaint, on…
SANTA ANA, Calif. – Special agents with the FBI and the Naval Criminal Investigative Service this morning arrested two Orange County men on federal charges alleging they used a Molotov cocktail to firebomb a Costa Mesa clinic operated by Planned Parenthood Federation of America. Tibet Ergul, 21, of Irvine, and Chance Brannon, 23, of San Juan Capistrano, an active duty Marine stationed at Camp Pendleton, were arrested this morning without incident. Ergul and Brannon are named in a criminal complaint that charges each with using an explosive or fire to damage real property affecting interstate commerce. Both defendants are expected to…
By: John Wood Jr. | Aero Magazine It would be wonderful to live in a world without labels or stereotypes. But it is impossible to analyse complex widescale social trends without thinking in terms of broad categories like race and class. Many people believe that those two concepts are in tension with one another, that one of the dyad has far more explanatory power than the other and that to focus on the wrong one will bring about moral and political confusion. I have recently argued in USA Today that class is a more important factor than race in the challenges facing black Americans…
LOS ANGELES – The Los Angeles County Consumer and Business Affairs department has introduced a Mortgage Relief program for Mom-and-Pop Landlords. Eligibility To qualify for the program, you must meet the following eligibility requirements: Experienced financial distress due to COVID-19 between March 1, 2020 through March 31, 2023 In high or highest needs census tracts Have not received assistance from the State’s COVID-19 Rent Relief or Mortgage Relief programs Have rental properties consisting of 1 to 4 units (Property owner is not required to live in any of the units) Property is not located in the City of Los Angeles…
LOS ANGELES – Los Angeles City Councilman Curren Price was charged Tuesday with theft by embezzlement, perjury and conflict of interest for allegedly voting on projects involving developers tied to his wife’s consulting firm, then failing to report the connections. Thomas Safran, is an appointee of President Joe Biden, is alleged to have cut checks to Del Richardson & Associates, a company that was founded by Los Angeles Councilman Curren Price’s wife, Delbra Richardson. Richardson later sold DRA to Taurean and Tamyra Gordon, who acquired it through their joint business Greenwood Seneca. According to the complaint, between 2019 and 2021,…