Every year the Small Business and Entrepreneurship Council releases a list that ranks each state based on the friendliness of its tax system to small businesses. This year, Texas was ranked number one and our very own California came in dead last.A state's tax system...
Bay Area Estate And Tax Planning Law Firm
Month: April 2013
Learning from celebrity tax mishaps: part two
In our last post we talked about tax troubles faced by celebrities. Specifically, Wesley Snipes and MMA fighter Nick Diaz have both garnered headlines in recent years. Snipes was sentenced to three years in prison for failing to file returns in 2008. And Diaz...
Learning from celebrity tax mishaps: part one
Many people follow celebrity news to stay up-to-date on pop culture, gossip and the latest fashion trends. Some people consider the rich and famous to be role models for building a brand and running a business. But it doesn't stop there.As several recent cases...
Retroactive taxes may scare off California entrepreneurs
The California Franchise Tax Board recently made a decision to retroactively collect taxes that the state's business owners and investors had been told they would not be expected to pay. It started 20 years ago when the state offered a capital gains tax incentive to...