Business News
LAKEPORT, Calif. – The first Lakeport installation of a local artist’s work in a vacant store recently became a reality thanks to the cooperation of the newly formed Lake County Artists group; the building’s owner, Ross Kauper; and the Lakeport Main Street Association (LMSA).
The photography of Chelsea Collett can now be seen in the window of 165 No. Main St.
“Our goal is to see every vacant store in downtown Lakeport displaying an area artist’s work,” said Barbara Breunig, president of the LMSA Board of Directors. “Sometimes it’s not easy convincing a property owner to cooperate, but Ross is 100 percent behind the idea which helped us get the display installed quickly.”
The project represents another step in fulfilling the passionate dream of Sherry Harris and Linda Kelly, two artists who want to see vacant store fronts throughout the county filled with the work of local artists.
The two approached the LMSA Design Committee earlier this year and received an enthusiastic response from the group.
It was then a matter of finding a property owner willing to allow an artist access to the property.
The program is designed to give exposure to Lake County artists while protecting the rights of the property owners.
Each artist enters into an agreement that stipulates a display will be removed with 48 hours of an owner’s request.
The artist also signs a hold harmless agreement that protects the property owner from liability should there be any damage to the artwork.
More than 25 artists are now available through the program and more are being added.
The Lake County Artists’ first installation was in Kelseyville.
Lakeport has now joined in and another installation is planned in Clearlake.
For more information about the artists group, contact Linda Kelly at 707-274-2346 or
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WASHINGTON, D.C. – Congressman Mike Thompson (D-CA) and Congressman Rick Berg (R-ND) joined on Wednesday to introduce the Small Business Tax Simplification Act.
This legislation would allow businesses with up to $10 million in gross receipts to be eligible for a more simplified tax filing method with the Internal Revenue Service.
“Simplifying taxes for small businesses is something that everyone can agree on,” said Thompson. “I am proud to introduce this bipartisan legislation that will save small businesses’ time, paperwork and headaches during tax season. Expanding cash accounting for small businesses will allow them to focus their efforts on what they do best – growing their business – and not on complicated accounting practices.”
“The legislation I am introducing today, known as the Small Business Tax Simplification Act, will simplify the tax code for small businesses across our country,” said Berg. “Instead of being bogged down with complex tax reporting requirements, this bipartisan legislation will allow businesses to use a simplified form of accounting that more closely matches the way a small business owner runs their business. This bill represents a commonsense change that would ease the burden of tax complexity for many small businesses.”
Under current law, small businesses are required to use cash-basis or accrual accounting when filing their taxes with the IRS.
For many small businesses, the cash-basis method can offer more flexibility in tax planning, since cash accounting is a simplified method that more accurately reflects the way a business collects income and claim deductions for investments.
However, only businesses with up to $5 million in gross receipts are currently permitted to use the cash-basis form of accounting.
The Small Business Tax Simplification act would allow businesses with $10 million in gross receipts to utilize this method as well.
According to the most recent National Federation of Independent Business (NFIB) Small Business Problems and Priorities survey, tax complexity remains one of the top five major concerns for businesses. Dan Danner, President and CEO of the NFIB offered his support of the legislation.
“This expansion of the availability of cash accounting for tax purposes will help simplify tax filing and reduce the paperwork burden for many small businesses,” said Danner. “NFIB and its members would like to thank Congressman Berg and Congressman Thompson for this common-sense approach to helping job creators operate as efficiently as possible during this time of economic recovery. It will certainly help make it easier for many small businesses to grow and create jobs.”
Congressman Mike Thompson represents California’s 1st Congressional District, which includes the Counties of Del Norte, Humboldt, Lake, Mendocino, Sonoma, Napa, and Yolo. He is a senior member of the House Ways and Means Committee and the House Permanent Select Committee on Intelligence. Rep. Thompson is also a member of the fiscally conservative Blue Dog Coalition and sits on the bipartisan, bicameral Congressional Wine Caucus.
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