Preovolos Lewin & Hezlep, ALC
News & Events
Tax Cuts and Jobs Act Discontinues Entertainment Expenses
Cancel the party bus and discontinue the corporate suite at your local sports stadium.
Business deductions for entertainment expenses long used by companies to woo clients has been discontinued as part of the 2017 Tax Cuts and Jobs Act. Effective January 1, 2018, the costs of certain business entertainment expenses will no longer be deductible.
HOW WILL SAN DIEGO’S NEW SHORT-TERM RENTAL REGULATIONS AFFECT ME?
You may have heard that San Diego’s City Council recently voted to establish new regulations regarding short-term rentals. I wanted to take this opportunity to explain these regulations and how they may impact your ability to rent your San Diego properties on platforms like AirBNB, VRBO, etc.
ARE YOUR WORKERS EMPLOYEES OR INDEPENDENT CONTRACTORS?
CALIFORNIA SUPREME COURT ADOPTS NEW TEST
The California Supreme Court adopted a new test this spring to determine if a business’s workers are “employees” or “independent contractors” under California wage orders. Wage orders govern minimum wages, maximum hours, and meal and rest breaks for millions of California employees. The upshot of the decision in Dynamex Operations West v. Superior Court is it will be substantially harder for businesses to classify workers as independent contractors.
IS YOUR BUSINESS COVERED UNDER YOUR CGL FOR INTENTIONAL ACTS OF ITS EMPLOYEES?
YES, ACCORDING TO THE CALIFORNIA SUPREME COURT
An employer was entitled to insurance coverage under its comprehensive general liability (“CGL”) policy for claims of negligent hiring, retention, or supervision of an employee even when the employee allegedly acted intentionally, according to a recent case decided by the California Supreme Court.