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  • February 15, 2018 5:18 PM | Eddie Lopez (Administrator)

    There are more than 28 million small businesses in the United States, making up a whopping 99.7 percent of all U.S. businesses, according to the Small Business Administration. When you consider some of the most popular reasons to start a business, including having a unique business idea, designing a career that has the flexibility to grow with you, working toward financial independence, and investing in yourself — it's no wonder that small businesses are everywhere.

    Allow us to introduce you to Ralph, who is from Lima, Peru, and Caroline from Paris, France. Both have more than 10 years working in the restaurant and hospitality business and are very excited to give life to this professional endeavor and adventure. 

    Their company, Beaurin Walde Hospitality Consulting, LLC, offers comprehensive consulting services to international and local clients on all aspects of the restaurant business and hospitality establishments with an emphasis on Latin American, European and American cuisine. They provide consulting services in English, French and Spanish.

    Congratulations and much success to them both -- and to all the risk-takers, go-getters and deal-makers in Los Angeles. We are here to cheer you on and help you when needed!


  • December 21, 2017 8:39 AM | Eddie Lopez (Administrator)

    1. Take Advantage of Expiring Deductions
    Currently, sole proprietors and home-based businesses are allowed to deduct business expenses if they total more than 2% of their adjusted gross income. In some instances, employees can also deduct unreimbursed expenses.

    Such expenses include a home office, depreciation on a personal computer required for the job, membership dues to professional organizations and subscriptions to trade magazines.

    All of those deductions disappear from 2018 through 2025 under the new tax bill, so you probably want to move as many of those expenses as you can to 2017, such as by becoming a member of the LA Latino Chamber of Commerce before December 31st.

    2. Pay Your Vendors Now
    If you have the money in the bank, pay for purchases you made or services you used in 2017, before 2018. This provides you with additional deductions, and you’ll start 2018 with less debt. Here’s what Xero, the accounting software company, recommends: “Pay your vendors and contractors in full by year end. For vendors this is straightforward. For contractors, you may have to submit a W-9 form — check with your accountant. You will also need to give each contractor a 1099-MISC form by 31 January.”

    Xero also reminds small businesses that before year-end they should: “Decide on employee bonus payments and withhold the required tax. If you decide to reward your employees with bonuses, don't forget about tax. Bonuses are subject to income tax withholding, FICA and FUTA taxes — just like regular pay.”

    3. Put Off Or Accelerate Income
    A long-standing rule of year-end tax planning is to “accelerate deductions, delay income.” Why? It reduces your 2017 taxes. This year that’s particularly important, with the possibility of a new tax bill that alleges to reduce taxes on pass-through income (the kind most small businesses have).

    According to Quickbooks: “If your business income is higher than normal, you may want to think about sending out invoices for December projects in January. In addition, you may want to make equipment purchases or other business expenses this year if it will keep you from reaching a higher tax bracket."

    Consult a tax professional before making any decision, but keep in mind that you have less than a week to sort out which moves to make.

  • December 18, 2017 9:04 AM | Rosario Diaz Diaz (Administrator)

    After a busy year of organizing technical assistance & awards functions for our members and fostering meaningful partnerships with supporters of our cause, the team here at the LALCC wanted to make the end of the year social an occasion to thank our supporters, but also to rev us into 2018. Our holiday event, coined the Jingle & Mingle Holiday Social, ended up being all that and more.


    Held in partnership with the Latino Food Industry Association, we saw a full house at the Indie Desk venue, with 250 guests being treated to Star Catering’s assortment of tamales, hot chocolate & cider, desserts from the Millennium Biltmore Hotel, and a grand performance by the red clad mariachi conjunto of Voces de Mexico. The event’s program began with an introspective leadership exercise in our “Mingle” room. Guests were asked to divide into groups and share responses on their strengths, passions, fears, and goals. Afterwards, guests were then able to make their way into our music and bar “Jingle” room, where attendees enjoyed beer, wine, and mixed margarita drinks provided by Dragos Cantina.



    Along with an opportunity to share passions and connect with fellow attendees, the Holiday Social allowed for guests to see first hand the results of their support and contributions. A total of $4,000 in donations raised from our 4th Annual Golf Tournament was presented by LALCC Board member, Julius Argumedo, to Director of the STEAM Bridge Program Jessica Morales-Chicas, and CAPs mentors David C. Betancourt and Art E. Montoya. The STEAM Bridge Program for Girls is an organization that fosters a hands on approach to science, tech, engineering, and the arts for East LA middle school Latinas. The CAPS Leadership program provides leadership development to Latinx in colleges throughout California. 


    At the close of the program, Chairman of the LALCC Board, Gilbert Vasquez, took to the podium to present the prestigious Adelante Award to Board member Raul Salinas, a recognition bestowed upon those tireless individuals who have dedicated their time, talents, and leadership toward uplifting the Latino community. Congrats Raul and thank you for the dedication you’ve shown to us!


    Guests spent the rest of the night mingling among their peers, taking in the beautiful vocals from the mariachi leads, and creating photographic memories with hashtag cutouts (#JingleMingle and #LatinoHoliday) and step & repeat backdrop provided by CR&A Custom. It was a memorable success overall and a great way to accelerate into new programs and initiatives for 2018!


    For more photos & videos of the event, check out our Facebook gallery here!

    Don’t forget to Like, Follow, & Share!

The Los Angeles Latino Chamber of Commerce (LALCC) is a 501(c)3 nonprofit organization created for the purpose assisting, uplifting, organizing and unifying Latino business owners to grow and create a positive economic impact in LA.


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