Most lenders require updated business financials when an application is submitted, but your income statement, balance sheet, and cash flow statement offer an insight into your business performance that may allow you to more quickly adapt to potential challenges and leverage new opportunities.
In 2014, long-time client Laurel Book Store moved to downtown Oakland. We’re thrilled that this business found a great location just across from City Hall in Frank Ogawa Plaza.
On June 11, 2015 OBDC released our new organizational report, sharing our impacts in Oakland, San Francisco, and with veteran-owned businesses. To request a physical copy, please email updates@mainstreetlaunch.org.
The Oakland Business Assistance Center and the Lawyers’ Committee for Civil Rights, Legal Services for Entrepreneurs have partnered to provide a free legal clinic for low-income entrepreneurs. Participants will have 30 minutes to explain their legal issues, ask questions, and receive advice from an attorney.
Small businesses now have a new way to help their employees save for retirement. The U.S. Department of the Treasury recently introduced myRA (my Retirement Account), a new…
Understanding the difference between employees and independent contractors can mean the difference between peace and penalties. Misclassifying workers can lead to additional taxes, penalties, and interest, borne solely by the business owner. Be aware that your worker or a
competitor could be the whistleblower. This seminar will help business owners educate themselves and their agents (i.e. payroll services, bookkeepers, accountants and attorneys) about ways to avoid making crucial mistakes.
This workshop will discuss:
California payroll reporting requirements, including forms, employer obligations, reporting, and payment requirements.
About independent contractor reporting requirements.
Electronic filing and payment requirements and options.
Federal payroll reporting requirements, including Forms 940, 941, 1099, W-2, W-4, W-9, and alternative filing.
The New York Times reported on a new study that reveals that commuting time is the single most important indicator in whether or not low-income families are able to escape poverty. This relationship between social and economic mobility and transportation is stronger than other factors like crime, elementary school test scores, or the percentage of two-parent families within that community, according to the article.
Last week, OBDC said “bon voyage” to Felicia Pierson, OBDC’s Senior Vice President – Oakland Market Manager, after more than 7 years with the organization, blending the expertise she gained in corporate banking with her passion for supporting and empowering underserved communities.
In March, the Bay Area A-List 2015 Winners were announced. This annual list received more than 35,000 verified votes on the 6,100 nominees of great Bay Area businesses. OBDC is proud to support many of the top-10 winners this year. We tweeted about all of these businesses last week, but in case you missed it, we present the list here.
