Business News

 Many startup founders may turn to friends and family as a first source of funds when they are getting off the ground. If considering whether to accept funds from, or invest in, the business ventures of friends and family, it is important to consider the tough questions upfront. Money can be a...

 I know you hate it. We all hate it. You log into your account and are told its time to change your password. You cringe for a minute, try something quickly, press update and the new password doesn’t meet the security requirements. Frustration sets in. “Why must I change my password?”, you...

Many well-intentioned people tend to give you lots of financial and strategic “advice” when going thru your divorce or separation. Unfortunately, the pearls of wisdom that are offered by friends or family are usually based on myth and not reality. Here are three simple truths you need to know...

 Your twenties are the perfect time to save and invest. Do it now, and you will have a great ally—time—on your side. Think about doing the following things if you’re not doing them already. Put money into a retirement plan. Save and invest through a 401(k), a 403(b), a Roth or traditional IRA,...

        ABOUT THE MAGAZINE The Magazine of Santa Clarita has set a high standard for excellence in advertising for over 25 years. A family owned and operated business, The Magazine of Santa Clarita has grown with the Santa Clarita Valley since 1989 and become the #1...

 The Tax Cuts and Jobs Act is the first major change to the American tax system in 30 years. Many of the new tax rules are expected to benefit taxpayers – especially in the early years of the act. Just how much your taxes will go down in 2019 depends on many factors, and your family situation...

 With all the construction going on the 5 Freeway, we are seeing more and more truck related accidents. Unfortunately, when an 80,000 pound 18-wheeler gets into an accident with a 5,000 pound passenger vehicle, the results are not pretty, and passenger car loses. But, what is causing these...

 A few years ago, the IRS audit regulations relating to partnerships were changed. The changes resulted in a more centralized partnership audit methodology and are effective for tax years beginning after December 31, 2017. The new audit methodology has transformed partnership audits and the...

Injured at work? Worried if you are going to get the treatment you need and compensated for lost time due to the injury? Concerned if your work injury will jeopardize your job? These are all real concerns and the insurance companies’ interests are not the same as yours. You should know your...

To create a valid will in California, you need the following: testamentary capacity, words of testamentary intent, creator’s signature, date and the signatures of two disinterested witnesses. Heirs to an estate may have cause to challenge a will when any one of the following elements is not...

 There are different types of car accidents. There is the rear end, side swipe, and the head on collision, just to name a few. With these types of accidents, it is usually clear who is to blame. In Encino, California, “Four people injured in a multi car accident,” “Four car pileup on Van Nuys...

 As of January 1, 2019, recipients of alimony will no longer be taxed by the IRS on spousal support received. However, paying spouses lose the eligibility to claim spousal support payments as a tax deduction, which was previously provided under Section 215 of the Internet Revenue Code. This new...

 The new year is a time of reflection and resolutions. For many of us, it’s an opportunity to make a fresh start. Whatever your approach, it’s the perfect time to think about what you can do to make the best use of the wealth you’ve worked so diligently to earn. You have unique goals, and your...

1. Call the police and report the accident. California Law requires those in a car accident that results in injury or death, or at least $1,000 in property damage to report the accident to the D.M.V. within 10 days. Even if you do not believe there were any injuries or that the property damage...

 “How did it get so late so soon?” -- Dr. Seuss Dr. Seuss’s whimsical take on life has been delighting children of all ages for generations. His simple, but powerful words continue to resonate today, even in the context of planning for a financially secure future. Because when you get right...

As a bankruptcy attorney, I am often asked: “How will filing bankruptcy change my life?” I think people ask this question because of the negative things that they may have heard about bankruptcy from their friends, family, co-workers and neighbors. They think that a bankruptcy means that they...

 So, you are driving in Target’s parking lot when, all of a sudden, a car backs out of a parking space and hits you.  Who is at fault?  Car accidents in parking lots usually occur because someone is not paying attention. Parking lot accidents generally occur when: (1) A driver pulls out of a...

 Here are some suggestions of actions you can take now to improve your financial health and reduce finance related stress in 2019: To prepare to file your 2018 income tax returns: • Put a folder or large envelope near where you open your mail to gather all of the tax documents you will be...