Entity Section
Entity Comparison
When you want to start your own business, the very first thing you should consider…
Read MoreSetting up a Branch vs. a Subsidiary
– Foreign corporations that have overseas expansion plan must decide the initial structure for their…
Read MoreCorporation Setup
Corporation set up procedure
1. Search Corporation Name This is the first procedure to decide on a corporate name.…
Read MoreDoing Business in CA
Requirements for Money Service Business
Bank Secrecy Act(BSA) Requirements for MSBs Registration must register by the end of the 180day…
Read MoreProcess and required documents to set up a Business in California
1. Fictitious Name Any business that doesn’t use its legal name (the official name of…
Read MoreHiring Employees
Employee VS Independent Contractor
In order to account for payments made to service providers, you must decide whether those…
Read MorePenalty for hiring or continuing to employ unauthorized aliens
Penalties for Prohibited Practices Unlawful Employment Civil Penalties DHS may impose penalties if an investigation…
Read MoreOverview of Documents to Prepare in Hiring Process
1. Form I-9: Employment Eligibility Verification The purpose of this form is to document that…
Read MoreMinimum Wage
1. Federal-Fair Labor Standards Act (FLSA) The Act applies to almost every private businesses and…
Read MoreFinancing Arrangements
Setting up credit facility such as L/C, B/A, T/R, C/A & Term Loan, etc.
L/C-Letter of Credit includes the following: B/A-Banker’s Acceptance T/R-Trust Receipts C/A-Cash Advance D/A-Document Acceptance D/P-Document…
Read MorePersonal Financial Statement
Personal Financial Statement (PFS) is composed of the following: Statements of Financial Condition Statement of…
Read MoreAdequate bookkeeping and tax returns
Adequate bookkeeping is done by the following: Hard copies (paper documents) of unordinary transactions as…
Read MoreInvestments
Real Estate Taxation
Hereon this article, you will find information regarding taxation of income and gain from real…
Read MoreCapital Gain VS Ordinary Income VS Worldwide Income
Capital Gain A capital gain is a profit that results from investments into a capital…
Read MoreBring money from Korea to U.S. or vice versa
The federal income tax is levied on the worldwide income of U.S. citizens and resident…
Read MoreAccounting & Tax Service
State Enterprise Zone (EZ) and Tax Incentive
The California Technology, Trade and Commerce Agency have designated economically depressed areas in California as…
Read MoreGovernment Audit Representation
U.S. tax system is based on self-reporting tax measures. When starting a business, you need…
Read MoreAudit, Review and Compilation
1. Audit The term ‘audit’ has a specific meaning in accounting terms. An audit of financial…
Read MoreRetirement
Qualified Retirement Plans
Qualified retirement plans are set up by employers to provide employees with opportunities to save…
Read MoreCafeteria Plan
A cafeteria plan is a type of employee benefit plan offered in the United States…
Read MorePersonal Financial Planning
Nonprofit Organization
Nonprofit organizations are usually classified as either member serving (addressing the needs of only a…
Read MoreSenior Citizen’s Replacement Dwelling Benefit (Proposition 60 and 90)
Senior citizens often sell their houses to move into new house. If you’ve lived in…
Read MoreEstate Planning
Broadly speaking, it is an estate plan that encompasses the accumulation, conservation and distribution of…
Read MoreOther
Social Security Benefit
Your Social Security taxes pay for three kinds of benefits; retirements, disability, and survivors. To…
Read MoreStop doing Business in CA Process
You are required to file Final Payroll Tax Return to IRS and EDD You must…
Read MoreIndividual Taxpayer Identification Number
ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the Internal Revenue…
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