Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Statute of limitations CLIENT says that he owed about $50,000 of credit cards, which he stopped paying in 2007. But last month, he received a copy of a judgment for…
(Part 1 of 3) BAN on Plastic Bags: New law requires that supermarkets and large pharmacies stop distributing plastic bags effective July 1, 2015. The ban will include convenience stores in…
CLASSIFYING workers as ‘independent contractors’ (ICs) allows businesses to pass on the costs of running the business to workers. This ploy, however, did not fool the federal Court of Appeal…
ARE you struggling with debt problems and don’t know what to do? Are you unable to sleep at night worrying about your finances? Has the idea of filing for bankruptcy…
Overcome your fears: Make your dream family business real this year! IT sounds and feels great to be born in a family that owns a business. If you are born…
“ Be careful when having your residence deeded to a living trust. Upon death, if the A/B trust splits into a trust (Survivor’s Trust A) and an irrevocable trust (Bypass…
THE year 2014 has been an interesting time for employment law with the legislature and the courts defining additional protections to employees. The following are some of the laws that…
IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you…
The holiday season is upon us and is my favorite time of the year! Not only do I get chance to catch up and have a feast with my family…
Chapter 13 confirmed ON DEC. 17, the court approved my client’s Chapter 13 case in Riverside. In Riverside, the 341 meetings presided by the Chapter 13 trustee are held in…
• Gambling winnings are always taxable and must be reported on your tax return – with or without form W-2G. • Gambling income includes winnings from lotteries, raffles, horse and…
A JURY in Santa Clara County recently issued a verdict of $16.5 million against an online dating website service for disseminating members’ private information to thousands of websites that members did…
IF you’re one of the many people who got approved for loan modification many years ago under the HAMP Program, chances are that you obtained a low interest rate of…
Are there holidays or special events coming up in your life? If so, chances are there are going to be lots of photos taken. Everyone has a camera now, right?…
IF YOU are thinking of a relative, friend or yourself who may possibly qualify for President Obama’s immigration amnesty, you are probably confused about how this immigration program works. This…
(Frequently-Asked Questions on Gift Tax) IF I receive a gift, do I have to pay a gift tax? No. The donee (recipient) is not responsible for paying the gift tax….
WE previously reported on a case of warehouse employees at Integrity Staffing Solutions, Inc., a company which provides warehouse space and staffing to Amazon.com, who sued their employer in a…
ARE your growing debts causing you sleepless nights? Are you trying hard to pay what you can every month but feel like you’re just running on a treadmill? Do you…
CHAPTER 7 RELIEF FOR DIVORCED MOM Client is 48 years old and works as an accountant for a business. Her salary is $60,000 a month. Her marriage ended two years…
(Part 2 of 2) “Don’t’ be Afraid To Hire Professionals” The Salim Group It is one of Indonesia’s biggest conglomerate with assets including Indofood Sukses Makmur, the world’s largest instant…
FOR those with children in high school, the next big expense item they can look forward to, or shall we say, worry about are the college expenses that are just…
LET’S discuss reasons why you should consider filing, even you are not required to: • You expect a refund. You have credits that can generate a refund – from taxes…
ROSARIO Juarez, a former female employee of AutoZone, Inc., the auto-parts retailer, sued her employer for discriminating against her because she was a woman, for demoting her after learning she…
ARE you facing a mountain of debt that you can’t pay and don’t know what to do about it? Perhaps this situation is causing you a lot of sleepless nights…
THE end of the year is fast approaching! Before year’s end, our team wants to remind you to take a look at your dental insurance benefits. Insurance benefits typically don’t roll over…
“ If you file for bankruptcy, timing is critical. The IRS cannot and will not entertain your OIC after you file bankruptcy.” AN offer in compromise (OIC) allows you to…
“ According to EPI, even though the restaurant industry is one of the fastest growing sector of the economy, its workers are some of the lowest paid and are much…
READ this if you owe the IRS money and can’t pay. IRS problems have a way of ruining all aspects of your life. They take a toll on you FINANCIALLY,…
“To have lived a meaningful and productive life is such a wonderful thing, but to live a life that will be remembered for the wisdom it shared with others is…
Last week, President Obama finally fulfilled his promise to provide executive amnesty to those who do not have legal status. The President did not call it amnesty, but in fact…
