Tammy Chavez of the Holiday Inn San Jose Silicon Valley has been a member of the Campbell Chamber of Commerce for over four years. She joined while she was working at Buca di Beppo so she could network within the community as well as make new contacts within Campbell. Tammy regularly attended the monthly luncheons as well as many other Chamber events. Read more!
The tax filing season is now well under way. While the time for proactive planning for the 2016 year may have passed, you may still be able to reduce or minimize your tax liability by being aware of some tax changes, deductions and credits that are missed by many business taxpayers.
New Due Dates
While this is not a planning opportunity, please be aware of some new due dates, so that penalties for late filing or late payment are not incurred.
Starting for tax years beginning after December 31, 2015, Partnerships and LLCs (Forms 1065 and related K-1s) the deadline has moved from April 15 to March 15 (or the 15th day of the 3rd month after end of tax year)
C Corporations get a breather, their due dates move back from March 15 to April 15 for a calendar year entity; S corporations remained unchanged.
FBAR – the reporting of foreign bank accounts- have moved from June 30 to April 15. There is an extension available; if you have signature authority over a foreign bank account, make sure you handle this one, as the penalties are egregious. Read more!
On January 1, 2016 the California minimum wage went into effect. For business with 26 or more employees, the new minimum wage is $10.50 with a 50 cent increase occurring on January 1, 2018. The hourly wage increases $1 per year thereafter until 2022 when the minimum wage will reach $15. For companies with less than 26 employees, the $15 wage occurs in 2023.
On January 17th the Campbell City Council heard, what we hope was the last discussion on minimum wage in the city of Campbell. This topic has been debated and reviewed by city staff, council members and business owners in Campbell for the past two years. Although most of the public testimony at the meeting was from the restaurateurs, there was some representation from broad base employers. For most, this issue felt like a forced requirement to pay the $15 hourly wage to unskilled workers and first-time employed workers. For others, the minimum wage issue means yet another bureaucracy to deal with when trying to run a business. Read more!
Chamber Gold Member Sweeney, Mason, Wilson and Bosomworth is a local law firm representing and advising local businesses and their owners since 1990. We are experts in litigation (contract, employment, real estate, construction, trade secret, and trust/estate), corporate transactions, employment and labor law, insurance law, and trust and estate law. We are a full-service business law firm, with each partner specializing in a specific practice area. We deliver high-quality, result-oriented, cost-efficient legal representation to local businesses. Read more!
Chamber Member Academy of Fencing Masters, believes the art of fencing trains the body and mind by teaching agility, skill and power. CEO Irina Chirashnya shares more about the philosophy of Academy of Fencing Masters in this Member Spotlight.
Fencing is a unique sport that combines great benefits such as athleticism, agility, coordination, healthy lifestyle, discipline, focus, mental sharpness and toughness. The Academy of Fencing Masters in Campbell was founded three years ago by husband and wife team, Igor and Irina Chirashnya. Their goal is to offer top-notch training in the niche sport of fencing as well as instilling critical life skills to their students. Read more!
Start Thanksgiving Day off on the right foot at the Applied Materials “Silicon Valley Turkey Trot”. Before the big games, the big meal, the parades and the pies, why not get in a little exercise with a few thousand neighbors? It’s an event the whole family will enjoy! Many have made the “run” or “walk” a Thanksgiving Day tradition.
With less than 30 days left until the election, we are now in the home stretch of getting Measure B across the finish line. November 8 will be the culmination of more than a three year effort to relieve traffic congestion and repair roads in Santa Clara County.
Measure B will deliver the improvements we need with the accountability we deserve.
Measure B faces a high hurdle, as it needs 66.67 percent of the vote to be successful. The 2/3rds vote requirement ensures that Measure B dollars will go solely to Measure B projects approved by voters.
On top of that, Measure B includes an additional layer of security by requiring a 75 percent vote of the 12 member VTA Board to make even a single change to the Measure. Those safeguards make Measure B one of the most specific and accountable ballot measures in recent memory.
So what does Measure B do exactly? Those details can be found in the official 75-word ballot question.
Chamber Gold Member, Whole Foods Market is changing the world, one stomach at a time.
Whole Foods in Campbell offers their customers responsibly sourced, great tasting food. Based in Austin, Texas, Whole Foods emphasizes ”natural and organic products.” The company has been ranked among the most socially responsible businesses. Customers that shop at Whole Foods are curious about healthy eating. They care about the food they eat and look to Whole Foods to provide innovative, high quality products to help them in their commitment to providing their families with the best and most nutritious foods.
Every two years, Campbell installs new members in our City Council. There are four candidates running for two seats currently occupied by Council member Mike Kotowski and Mayor Jason Baker. The candidates are Richard Waterman, Phil Reynolds, Donald Young and Susan Landry.
Hosted by the Campbell Chamber of Commerce, the Candidate Forum is open to the public and is your opportunity to give your input and ask questions of the candidates. What’s bugging you, the traffic jams, speed of traffic, the population, development concerns, housing prices, rental prices, lack of housing, community events, employee costs, big government, regional dictates, homeless, vandalism, cost to build in Campbell, cost to operate a business, change in taxing method for business, new civic center, who pays for it. Whatever is on your mind, we will address at this event, allowing residents to learn more about each candidate and where they stand on a variety of issues important to our community.
The Candidates Forum will occur on October 3rd 2016 at 6pm. If you have a question or issue you’d like addressed at the forum, please submit to the Campbell Chamber of Commerce via email to the Chamber by September 30th. Please mention Candidate Forum Question in the subject line and send your email to email@example.com.
Anyone wishing to attend the forum is welcome to join us live in the Campbell Council Chamber at 70 North 1st Street or view it live on TV on the Campbell Community Channel 26 the evening of the event. It will be rebroadcast weekly until the November election.
For more details, click here.
Anna Roselli grew up in Campbell and is now raising her own family as well as running her own business, PennyLane Frozen Yogurt & Candy, in her favorite city. Anna named her company after one of her fondest childhood memories, hunting for ‘treasure’ with her grandma. They would find pennies scattered near a fence near San Tomas Expressway and as a toddler, Anna always found this thrilling. And, as luck would have it, PennyLane is located in a new development at the corner of Hamilton Avenue and San Tomas Expressway adjacent to a community of townhouse called…Penny Lane.
In addition to paying homage to her own childhood, Anna wanted PennyLane Frozen Yogurt & Candy to bring to life all that is delightful about growing up to her store including bright colors, whimsical characters and a fun atmosphere. Read more!