Deadline to file by July 15, 2020 is not extended again
IS the 2020 tax deadline extended again? No. 1. Requests for more time to file your taxes have been denied. IRS will stick with the July 15 deadline for 2019…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Company policy versus the law of reasonable accommodation
How a sick leave policy fell short of disability discrimination law Mykyn Woods worked as a Senior Community Manager for Greystar Management Services, a property management company with offices all…
S corporation signed a commercial lease. Is the owner personally liable for $500K?
THE client is 48. He owns an “S” corporation that has been operating for 15 years. The corporation provides a service to the public in several shopping malls. Business has…
Reminder: Tax deadline extended to July 15 amid pandemic
IRS extended the federal income tax deadline from April 15, 2020 to July 15, 2020. This new due date applies to both filings and payments due April 15, 2020. This…
City of Los Angeles unveils new assistance program for at-risk renters
Up to 50,000 households can be helped for two months In an effort to address the mounting financial insecurity among families during the pandemic, the City of Los Angeles has…
DTI foresees better movement of commercial vehicles, goods with opening of new NLEX Harbor Link Segment 10
MAKATI CITY — Department of Trade and Industry (DTI) Secretary Ramon M. Lopez congratulated the Department of Public Works and Highways (DPWH) in officially opening to motorists the C3-R10 section…
Bankruptcy relief: Get out of debt now
LIKE most people, you’ve worked hard and have done your best to pay all your bills on time. But in life, at one time or another, all of us get…
Being on-call may entitle you to additional pay
When reporting for work does not mean showing up ALEXIA Herrera worked as a Sales Associate at Zumiez, Inc., a retail store in Chico, California. Zumiez scheduled Herrera and other…
Disadvantages of tax-driven (fake) divorce
WE discussed the benefits of divorce last week. Let’s discuss drawbacks this week. Medical insurance: It’s typical for one working spouse to carry medical insurance for the whole household. One…
Sole proprietors need Chapter 7 relief for $280K credit cards and $80K commercial lease
THE clients are a husband and wife in their mid-60s. I asked them if they have started receiving social security benefits, and sadly they told me that they migrated less…
New York, New Jersey postpone indoor dining as COVID cases surge across the US
GOV. Phil Murphy stopped the supposed reopening of restaurants in the state this week for a few reasons, among them the violations in some restaurants that have opened for Phase…
Island Pacific now offering contactless payment technology for the community’s safety
Island Pacific Supermarket, with locations in California and Nevada, is the first Filipino supermarket chain to offer online shopping with same-day grocery delivery in the United States. As phases continue…
Housing market vs COVID-19
By Martin Santiago, Broker-Associate PRICES for existing homes rose 4.7% compared with April 2019, up from 4.6% in the previous month, according to the S&P CoreLogic Case-Shiller National Home Price…
Why most people are scared of bankruptcy
THE word “bankruptcy” is packed with all sorts of negative emotional triggers. It sounds bad — even dirty. It’s embarrassing. (What if people find out?!) People paint ugly pictures of…
Johnson & Johnson removes skin whitening products from retail
Recent discussions over colorism and racism force companies to rethink skincare among communities of color THE global skincare conglomerate Johnson & Johnson has decided to discontinue two popular lines of…
Advantages of tax-driven (fake) divorce
WOULD you fake a divorce to save income taxes? I don’t advise it but let’s discuss it anyway – benefits this week and drawbacks next week. Medicaid for nursing home:…
When employees refuse employer’s illegal instructions
Protecting employees from retaliation for whistleblowing SHUJUN Qiu was hired by Three Rivers Provider Network Inc. as its controller. Throughout her employment, Qui excelled at her job and her employer…
How to download videos from any videos site onine?
Downloading videos is easy when you see a download button. Unfortunately, most video sharing sites obviously don’t allow downloads, usually to protect copyrights or because there’s not a large demand…
Business owner needs Chapter 7 relief for $100K credit cards
THE first client is in his 40s, married with two children, ages 8 and 9. He doesn’t own a house. The absence of a house makes eligibility analysis easier. If…
Filing bankruptcy: Is it good or bad for you?
People with overwhelming debt problems during this difficult time are asking a lot of questions. Are you scared of being sued and having creditors getting judgments against you and garnishing…
10 tips to amend your personal federal income tax return
1. You can amend to correct a previously filed tax return Form 1040, 1040A or 1040EZ. 2. Amend your return if you discover errors such as filing status, dependents, total…
Gyms, hotels, museums, campgrounds now allowed to reopen in LA County
NEARLY three months since the coronavirus upended daily life and forced strict measures to be enacted, Los Angeles County moved forward with the third phase of easing restrictions on Friday,…
How to avoid residency audits when you move to a tax-free state
HERE are 10 tips to avoid residency audits when you move to a tax-free state: • Get a driver’s license in your new state. • Register to vote in your…
Client still liable for retail lease of $2M despite selling business 3 years ago
THE middle-aged client owned a retail business for some time. The business was located in a good location so the lease was for $10,000 a month. The company that he…
How long should employers provide reasonable accommodation to disabled employees?
ELIZABETH Carter worked at Dunn-Edwards, the paint store, when her medical condition prevented her from lifting more than 20 pounds. She could, however, still continue to perform most of her…
COVID-19 spike from the protests and your investments
By Martin Santiago, Broker-Associate While most Americans agree with the protesters’ cause, some detractors worry about the cities with the largest marches, where people are gathering in the thousands in the…
Fashion retailer Revolve apologizes for lack of diversity, donates $1 million to social justice causes
Among the many brands who showed up for the #BlackOutTuesday trend meant to highlight the gravity of police brutality and anti-blackness in the United States, the popular fashion brand Revolve…
Pechanga Resort Casino opens with limited operations
ON Monday, June 1 at 12 p.m., Pechanga Resort Casino, located just outside of Temecula, CA, reopened to the public. The West Coast’s largest casino/resort closed March 16 after a…
Would you move to a tax-free state to save taxes?
I would, especially if I’m retired. Would you consider moving from high-tax California or New York to tax-free Nevada or Florida? You could. But then, there are other considerations; but…
Returning to work after the employee’s or family member’s COVID-19 illness
Interactive process in the COVID-19 era Q: MY work required me to interact with a lot of people. I became infected with COVID-19. I was hospitalized and went on disability…