Simple Changes Helping California Small Businesses and Entrepreneurs
It's not easy doing business in California.
In order to be successful, business owners must overcome many challenges, one of which is dealing with California's complicated tax system. Whenever a business owner gets caught in a tax trap, it undermines the economic growth and job creation we so desperately need to extend prosperity to more regions of our state.
That's why I've been working with my fellow board members to make changes at the Board of Equalization aimed at assisting small business owners and entrepreneurs. Our goal is to make life easier for taxpayers, freeing up time and money for better use. I'm pleased to report we're making progress.
For example, thanks to a newly amended regulation, the process of buying lunch or dinner from your favorite food truck just got a little easier.
Our recently revised regulation saves food truck operators the hassle of charging their customers a different sales tax rate as they drive from city to city. The regulation, which became effective on July 1, presumes sales tax is included in the price of taxable items if the retailer hasn't added it separately.
This change will make life a bit simpler for California's fast-growing mobile food industry and more convenient for their customers, too.
Andrew Blaskovich, owner of Drewski's Hot Rod Kitchen, a popular food truck in the Sacramento area, agrees saying the new regulation will "allow us to speed up the process and in turn make more money for our businesses and the state while freeing up more time for our consumers."
The new food truck regulation is not the only area where the Board has been working to make life easier for California taxpayers.
Prior to this year, most new businesses were forced to turn over anywhere from $2000 to $50,000 of their own money as "security" before they could make a single legal taxable sale. This "security" was held just in case a business might be unable to pay its taxes during its first three years of operation.
Of course, no one in government stopped to think about whether shaking down new businesses for thousands of dollars would help them be successful.
I took a close look at the program and found it didn't make sense for taxpayers or the state. At my urging, the Board of Equalization voted in December 2013 to end its long-standing security policy.
Nearly 100 million dollars worth of security have been returned to businesses so far this year and new businesses no longer have to deal with this onerous practice.
The Board has also worked on making its online presence friendlier to taxpayers. The Board of Equalization has redesigned its website to make information easier to find and has recently added new industry guides-helpful webpages that provide relevant tax information for specific businesses.
In addition, business owners can now use our website to quickly and easily register for a new permit, file a return, make a payment, verify a permit, submit time extension requests and even request relief from penalties and interest.
By enacting common sense changes, harnessing technology, and eliminating burdensome programs, the Board of Equalization is striving to help small business owners and entrepreneurs achieve success.
George Runner represents more than nine million Californians as a taxpayer advocate and elected member of the State Board of Equalization. For more information, visit http://boe.ca.gov/Runner.
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesSubaru BRZ: Reasonably priced old-school sports carRoseville, CA - For driving enthusiasts who want to own a light, agile car that provides an elusive fun factor while also looking cool, the smartly designed Subaru BRZ deserves a good look.
Roseville Gas Prices See DropRoseville, CA - While regional gas prices appear to have held steady, some gas station in Roseville are reporting a downward tick in prices.
Raising Awareness for Mental HealthIn the U.S., the month of May is (or was, depending on when your newspaper publishes this column) "Mental Health Awareness Month."
Roseville Flash Crime Report (5.21.16)Roseville, CA- Weekly crime report digest update summary in Roseville for the period covering May 13- 19, 2016.
Rocklin Flash Crime Report (5.21.16)Weekly flash crime report digest summary in Rocklin for the period covering May 9- 15, 2016.
Lake Tahoe Program Aims to Spark Redevelopment and Environmental ImprovementsA new Placer County program approved at this week's board of supervisors meeting is intended to spark investment in private projects
Coffee Drive Thru Boosts Granite Bay Safe and Sober Grad NightGranite Bay, Calif. - Dutch Bros Granite Bay, located at 8663 Auburn Folsom Rd., recently raised $2,800 to support Granite Bay High School's Safe and Sober Grad Night celebration
Roseville Road Construction and Improvements Slated for JuneRoseville, CA- The City of Roseville will soon begin work to improve sight distance on Roseville Road by widening and straightening
Mental Health Matters Month in Placer CountyIn Placer County, residents report an average of 3.5 poor mental health days in a 30-day period.
No Charges in Sun City Lincoln Hills AssaultLincoln, CA- The District Attorney's Office announced that no charges will be filed in connection with an assault that occurred in Sun City Lincoln Hills
Video Recap: Roseville Mass Casualty DrillROSEVILLE, Calif. -- First responders from 35 local agencies converged on Roseville to rescue the victims of a staged but horrific accident
Placer Veterans Stand Down Event in Roseville May 24-26ROSEVILLE - Placer Veterans Stand Down, a non-profit organization whose mission is to help the Veteran population, is gearing up for its annual event May 24-26 at the Placer County Fairgrounds
NEWS: In Case You Missed It