On Friday I will be talking to the Little Hoover Commission [ LHC] about the impact of the Underground Economy on small businesses. The LHC is doing a study on this.
I have heard from many of you that you are put at a competitive disadvantage because underground payments to employees are made in cash thereby avoiding taxes and workers compensation coverage. I have also heard that payments made to the businesses are in cash as well, thereby avoiding taxes. Lastly, I've heard of abuse in the form of classifying employees as independent contractors to avoid taxes and workers compensation. I hear this issue frequently and these cases are most frequently brought up in my discussions with contractors, retailers and sometimes in the service industry like cosmetology.
Is this impacting you? What industry are you in?
Are there other aspects of the underground economy that impact you?
What ideas do you have to solve the problem?
Please see list of meetings Go-Biz is having on the California Competes Tax Credit below.
GO-Biz to Host Regional Workshops on How Businesses Can Apply for the California Competes Tax Credit
You are invited to join the Governor’s Office of Business and Economic Development (GO-Biz) for a free workshop on how to apply for the California Competes Tax Credit. Starting Monday, September 29th, GO-Biz will open the California Competes program and begin accepting applications for businesses that want to add jobs in California. The state will provide $151 million in tax credits this fiscal year to small, medium and large companies across the state. Last fiscal year, GO-Biz awarded $28.9 million to 29 companies that are planning to create 6,000 jobs and invest more than $2 billion in the state. Register today for a webinar or a free workshop in your area.
Online Webinar
Monday September 29, 2014
Details and Registration
Eureka, CA
Tuesday September 30, 2014
Details and Registration
Sacramento, CA
Monday October 6, 2014
Details and Registration
Stockton, CA
Wednesday October 8, 2014
Details and Registration
Fresno, CA
Wednesday October 8, 2014
Details and Registration
Visalia, CA
Thursday October 9, 2014
Details and Registration
San Jose, CA
Thursday October 9, 2014
Details and Registration
San Diego, CA
Monday October 13, 2014
Details and Registration
El Centro, CA
Tuesday October 14, 2014
Details and Registration
Carson, CA
Wednesday October 15, 2014
Details and Registration
Fontana, CA
Wednesday October 15, 2014
Details and Registration
Palmdale, CA
Thursday Oct 16, 2014
Details and Registration
Online Webinar
Monday October 20, 2014
Details and Registration
For more infomation about the California Competes tax credit visit the GO-Biz website here.
GO-Biz serves as California’s office for economic development and offers a range of services to business owners. Those services include attraction, retention and expansion services, site selection, permit streamlining, clearing of regulatory hurdles, small business assistance, international trade development, assistance with state government, important informational briefings and much more. For more information visit: www.business.ca.gov or contact Jorge.Jaramillo@gov.ca.gov.
Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA 94116
shauge@cal-insure.com
415-680-2188
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