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 HeadlinesPlacer Land Trust Acquires 40 Acres along North Fork of American RiverPlacer Land Trust is very pleased to announce that in early April it acquired 40 acres of gorgeous land along the North Fork American River at the bottom of the Green Valley Trail.
$20 Pet Adoptions at Placer County's Auburn ShelterFacing a spring surplus of rescue pets - and in celebration of National Adopt a Shelter Pet Day April 30 - Placer County's Auburn animal services center will lower adoption fees
Roseville Hosts I Love the 80's Fun RunRoseville, CA- On Sunday, May 1, 2016, the City of Roseville will host the I Love the 80's Fun Run in Downtown Roseville.
Yomen Spring Celebration in RosevilleYomen spring celebration in Roseville is free community event at Maidu Museum & Historic Site on April 30, 2016.
Roseville Man Arrested for Child Molestation in Bay AreaJames McNealy Carroll, a 64 year-old Roseville resident has been arrested for six counts of child molestation.
Vacancies: Mental Health, Alcohol and Drug Advisory BoardThe Placer County Mental Health, Alcohol and Drug Advisory Board is in need of additional community members to fill vacant seats.
Distance Language Intervention and Disabilities CommunicationSean Sawicki, who has fragile X syndrome, can be hard to understand and doesn't always have the attention span to carry on a sustained conversation
Sutter Buttes Bike Poker Run & Wine Tasting May 14thSutter, CA - Visit Yuba-Sutter will host the annual Sutter Buttes Bike Poker Run and Wine Tasting event on May 14, 2016.
Roseville's Greener Gardens Tour & DIY Expo Roseville, CA- Join hundreds of people for Roseville's Greener Gardens Tour and Do-It-Yourself (DIY) Expo on Saturday, May 14th
Holly Heinzen reflects on 31-year career in serviceAfter making it through her first day, wondering if she would even be able to make it up the hill and into the parking lot, Heinzen had found a place where she would spend the duration of her career
Autism: Pool and Water Safety TipsRoseville, CA- April is National Autism Awareness month. Drowning is a leading cause of death for children and adults who have Autism.
Electric Vehicle Charging Stations in AuburnAuburn -The Placer County Transportation Planning Agency (PCTPA) and the City of Auburn will host a ribbon cutting celebration to recognize the installation of two new electric vehicle
NEWS: In Case You Missed It