Update: January 7, 2021 – The Treasury Department and the IRS issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a under the Paycheck Protection Program (PPP). Learn more here. IRS STATES BUSINESS OWNERS CAN’T DEDUCT EXPENSES PAID WITHRead more
Keeping your personal information safe is critical to protecting yourself from identity theft, and if you’re planning to do any traveling this holiday season, we have a few simple tips that can help keep your data secure. Lock your phone and laptop. Whether you’re traveling by plane, train, or automobile, you’ll probably be taking yourRead more
Everything we do at Bank of Sothern California is driven by our desire to be the strongest community partner possible. From our banking services offered to local small businesses and individuals, to our dedication to supporting charitable organizations, we strive to be a positive contributor in the neighborhoods where we operate. This year especially, weRead more
Our smart phones are undeniably useful tools that have allowed us to work more efficiently, stay in better contact with loved ones, and make our everyday lives easier. Below, we cover four simple tips for keeping your phone secured and your personal data safe in the event your phone is lost or stolen. Lock yourRead more
Robocall scams are continuing to rise, playing off of the public’s fear of the coronavirus. Falling for one of these scams could put you at risk for identity theft or leave your financial information in danger of being stolen. By following a few easy guidelines, you can spare yourself or your company, a huge headache.Read more
If you have dreams of opening and operating your own business, a great first step is writing out a business plan. This valuable document helps you by putting the details of your idea on paper and organizing the logistical and financial aspects of what it will take to launch your company. The Basics of theRead more
Whether you’re doing business across the country or in your hometown, utilizing Automated Clearing House (ACH) services to make and receive electronic payments can save you time and money. ACH services can be used for a variety of payments that occur regularly, helping to reduce strain on staff and resources. ACH services connect financial institutionsRead more
The COVID-19 Pandemic has caused many Americans to be fearful of catching the Coronavirus or spreading it to a loved one. Unfortunately, criminals have taken advantage of this fear and have attempted to profit through imitating Contact Tracers. When done legitimately, contact tracing is a useful tool run by the State Health Department and itRead more
As a business owner, you’re always looking for ways to save time and money. Below are two cash management services that can improve efficiency, save money, and create a safer way to deal with large sums of cash. Cash Vault Service Businesses that deal with large volumes of cash and the need for frequent depositsRead more
Businesses that are experiencing a period of reduced income can benefit from short-term financing using a Business Revolving Line of Credit (RLOC). Business Revolving Line of Credit A Business RLOC works similar to a loan, but offers more flexibility for the borrower. When getting approved for a RLOC, a business has a limit to howRead more