Posts by Steve Pollock
Graphic – Where have all the public companies gone?
April 2024 – Economic and Market Update
EXECUTIVE SUMMARY Inflation is not cooperating with the Federal Reserve target of 2% annualized Core CPE and is unlikely to get there in an orderly fashion. Prioritizing credit management and duration risk in an uncertain interest rate environment. Consumers remain strong spenders, according to Visa, and consumer sentiment is at an inflection point according to…
Read MoreGetting Out There – A Primer on Camping and Road-Tripping with kids
“I have never been lost, but I will admit to being bewildered for several weeks.” – Daniel Boone Rainy days in San Diego are my trigger to start planning what we are going to do during the summer. Many of the most popular places from Glacier National Park (MT) to Doheny State Beach (San Clemente)…
Read MoreCompliance with the Corporate Transparency Act
As we step into 2024, a significant regulatory change is on the horizon that impacts corporations, limited liability companies (LLCs), limited partnerships, and similar entities. Newly formed entities are now required to file a report with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), providing detailed information about their “beneficial owners”. This requirement, effective…
Read MoreJanuary 2024 – Economic and Market Update
EXECUTIVE SUMMARY As we reflect on 2023, initial fears of a tumultuous year were unfounded. Instead, we saw an economy that not only held its ground but also demonstrated remarkable growth amidst moderating inflation rates. However, a slight uptick in inflation towards the end of the year suggests we should remain vigilant. This recent development…
Read More2023 Set A Record
This Chartr line chart is titled “Starting Up: Yelp Tracked A Record Number Of New Businesses In ’23.” It plots cumulative monthly new business openings on Yelp for 2019 through 2023. Every year climbs through December, but 2023 (highlighted in orange) runs clearly above the earlier years for almost the entire calendar. 2022 is next,…
Read MoreChoosing life insurance to protect your family
Just over half of Americans have life insurance in place—meaning the other half risk leaving their families unprotected in an emergency. Of the folks who do have life insurance, many purchase coverage through their employer. While an employer plan is better than no plan, this approach can create problems for both you and your loved…
Read MoreCalifornia Business Owners – Statement of Information Filing
California law requires all corporations, limited liability companies (LLC) and common interest development associations to update the records of the California Secretary of State based on the year of registration by filing a Statement of Information (SOI). All entities are required to complete the SOI within the first 90 days of filing the Articles of…
Read MorePersonal Use of Corporate Automobile
Personal Use of Corporate Automobile Download your 2025 Personal Use of Auto Inform Based on current tax laws, an employee’s personal use of a corporate provided vehicle (PUA) is considered to be a taxable fringe benefit. The following summarizes these rules: A corporation is required to treat the personal use of an employer provided vehicle as…
Read MoreReminder to File Your 1099s
Reminder to File Your 1099s Form 1099 Filing Requirements and Due Dates As we wrap up the year and prepare to hit the ground running, here is a reminder of how, when and if you need to file Forms 1099-NEC and 1099-MISC. The following general guidelines are meant to assist you in either preparing the…
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