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Success Stories – AB5 Compliance

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Several ZümiFi clients have been paying attention to the changes in California now that AB5 is in effect. One of those clients realized she would no longer be able to pay one of her part-time assistants as independent contractors.

Success Stories - AB5 Compliance

If you recall, AB5 now provides VERY strict definitions of who can be paid as an independent contractor. AB5 now makes it clear that this client needs to pay and treat this person as an employee of her business. Her ZümiFi account manager, Emily, stepped up to help out. After discussing various payroll service options with the client, we recommended Gusto as the best fit for her circumstances. Emily got her all set up with Gusto and integrated Gusto with QuickBooks Online and TSheets. Hence, our client now has a seamless, easy-to-use, and very effective payroll service that minimizes the need for additional work! The client is thrilled, and more importantly, the client is now fully compliant with the restrictions under AB5. 

If you need to learn more about AB5 and its implications for your business, please check out one of our trusted colleagues Ilya Filmus who is offering a luncheon to clarify and discuss AB5 – click here for more info!

ZümiFi – trusted solutions for today’s busy entrepreneurs!

Success Stories – AB5 Compliance

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ZümiFi’s ongoing bookkeeping services manage your financial activity with a complete turnkey approach. We deliver solid books that provide you with key information in real-time, accessible anywhere, anytime, on any device.
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The Scope of ZümiFi’s Bookkeeping Services:

Accounts Payable Services – Recording, tracking, and paying vendor bills.

Accounts Receivable Services – Recording and tracking customer invoices and payments.

Payroll Services – Processing payroll per each client’s instructions regarding amounts to pay; processing and filing appropriate payroll taxes and tax forms.

Reconciliations – Reviewing and balancing bank and credit card transactions; notifying clients of any discrepancies and resolving discrepancies per clients’ instructions when appropriate.

Reporting – Generating financial reports based on the collected data.

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