If you own a business in California, there’s a good chance you’ve heard of Form 571-L — but many business owners aren’t exactly sure what it is or whether it applies to them.  If your business owns equipment, furniture, or other physical assets, it may be required to file this annually. Here’s a simple breakdown of what it is, who needs to file, and how it impacts your business.   What Is Form 571-L? Form 571-L is a Business Property Statement required by California counties.

California’s salary and wage laws are complex and frequently updated.  If you are a business owner with employees, understanding these regulations is important to ensure compliance and clarity regarding employee pay.     1. Statewide Minimum Wage (Hourly Pay) As of January 1, 2026, the California statewide minimum wage is: $16.90 per hour applies to nearly all employers in California, except those covered by a higher minimum wage specific to an industry or locality. This is t

As we wrap up the year, it is good to take the time to reflect on the year that just passed.  It is also a good time to prepare for the new year coming.  Preparing ahead will help you reduce stress, prevent last-minute headaches with your accountant, and may even save you money.  For a small business working on its own or with an accountant, here are some tips to help you prepare for year-end and address the business's financial and compliance tasks. Although every business i

Running a therapy practice is not just about helping patients —it is also about building a sustainable business.  Whether you are a solo practitioner or managing a team, tracking the right financial metrics will help you make informed decisions, spot revenue opportunities, and control expenses before they become problems.  To help you focus on what truly matters, here are the five most important financial KPIs every therapist should monitor consistently.   Number of Patients

When you go to Starbucks and order the same coffee you ordered the last time you were there, do you expect it to taste different?  When you check your bank account online, do you expect to see an accurate balance of your account?  If you ordered some laundry detergent online and it says it will be shipped in 2 days because you need it in 2 days, would you expect the package to arrive in 5 days?  Just as you expect your coffee to taste the same each time, or your bank balance