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So far bfasuser has created 88 blog entries.
17 11, 2017

Elected Officials Reception Hosted By Hospitality Santa Barbara

By | November 17th, 2017|Beverage and Hospitality, News|Comments Off on Elected Officials Reception Hosted By Hospitality Santa Barbara

Hospitality Santa Barbara recently hosted an Elected Officials Reception. This event introduced new city officials to hospitality business owners and the Santa Barbara community.  BFAS Partner, Trevor Large is Board President of Hospitality Santa Barbara. He and the board invited elected officials to come and talk about legislation that impacts the Santa Barbara community. KEYT [...]

8 09, 2016

C Corporation Startups: IRC Section 1202 – Qualified Small Business Tax Exclusions No Capital Gains Tax on Sale or Transfer

By | September 8th, 2016|News, The Advisor|Comments Off on C Corporation Startups: IRC Section 1202 – Qualified Small Business Tax Exclusions No Capital Gains Tax on Sale or Transfer

With long term capital gains tax rates up to 20% or more[1], forming a startup as a C corporation requires special consideration given the dual tax consequences.  Forming a C corporation may make sense, however, if it is a qualified small business (QSB) under Internal Revenue Code (IRC) Section 1202.  A C corporation qualifies as a QSB [...]

2 09, 2016

Car Life on the 101 Takes to the Streets, and Airwaves

By | September 2nd, 2016|News|Comments Off on Car Life on the 101 Takes to the Streets, and Airwaves

Congratulations to Monte Wilson and Car Life Productions – we are proud to be part of the team that got this show on the road! Click HERE to read the full article on Noozhawk.com  

8 08, 2016

Attack of the Drones

By | August 8th, 2016|News, The Advisor|Comments Off on Attack of the Drones

New FAA (Federal Aviation Administration) guidelines for the commercial use of small Unmanned Aircraft Systems, a/k/a “sUAS” or “drones” go into effect later this August. This is exciting news for any business that can benefit from inexpensively-deployed aerial photography and other remote sensing technology, like those in the agriculture, construction, and real estate industries.  [...]

13 07, 2016

Employers: Why You (Must) Care About the Disabilities of Your Employees’ Family Members

By | July 13th, 2016|News, The Advisor|0 Comments

It is hopefully obvious to most employers that if a job candidate or employee[1] discloses a disability and requests accommodation, an employer with five or more employees must begin the interactive process to attempt to accommodate the disability.  What has been less clear, however, is how employers are to react when an employee discloses the [...]

13 06, 2016

Regulation Crowdfunding: A New Way to Raise Capital for Your Business

By | June 13th, 2016|News, The Advisor|0 Comments

On May 16, 2016, the much-anticipated SEC rule commonly known as “Regulation Crowdfunding” went into effect, providing you with a potential new source of capital in a time where it is harder to find.  The law creates a framework for equity crowdfunding, which is a method by which a private company sells equity to the [...]

2 06, 2016

You’re Invited to Attend a Social Media at Work Presentation on June 9

By | June 2nd, 2016|Events, News|0 Comments

Social Media at Work: New Laws and Updates          Presented by: Facebook, Twitter, Snapchat and Instagram - all have become valuable tools to business owners.  But how much can you control your employee's social media activity? How do you balance an employee's privacy rights with your rights as an employer, and what [...]

20 05, 2016

Update: New Federal Rule For White Collar Exemption To Take Effect December 1, 2016

By | May 20th, 2016|News|0 Comments

As foreshadowed in our July 2015 Advisor, the Department of Labor has issued the long awaited revisions to the Fair Labor Standards Act's "white collar" overtime exemption.  (29 CFR 541). The DOL largely adopted the proposed rule, though with some important changes. When the rule takes effect on Thursday December 1, 2016, the minimum salary requirement [...]

16 05, 2016

Everyone Can Now Invest In Private Companies, Effective Today

By | May 16th, 2016|News|Comments Off on Everyone Can Now Invest In Private Companies, Effective Today

Until now, private businesses were banned from soliciting the public for equity investments.  At the same time, individual investors were barred from trying their hand at investing in private businesses unless they were accredited investors (making $200,000 per year or possessing $1 million in personal assets) or had a relationship with the owner.  This system [...]

10 05, 2016

Beware of Short-Term Vacation Rentals

By | May 10th, 2016|News, The Advisor|Comments Off on Beware of Short-Term Vacation Rentals

Have you thought about renting out, or do you currently rent out, your home in Santa Barbara as a short-term vacation rental?  If so, you should know the rules applicable to such rentals in this County. With the rise in popularity of vacation rental apps, like Airbnb, coupled with the rise in the cost of [...]