TAX GUIDANCE FOR PPP BORROWERS

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

With the holiday season upon us, we embrace a time of giving

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

person writing a check

Automated Clearing House services give business owners a secure, easy, and cost-effective way to make and receive payments electronically.

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

Internet Security

Contact Tracing Scams Take Advantage of a Difficult Situation

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