To provide relief for individuals and businesses located in areas affected by the recent winter storms, the IRS and the State of California have postponed the filing and payment deadlines falling on or after January 8, 2023, until October [...]
President Biden signed the Inflation Reduction Act (IRA) into law on August 16, 2022. This bill includes provisions related to taxes, health care, and climate change. The act will impact many taxpayers in a number of ways. Here’s an [...]
A construction company claiming a Research and Development (R&D) credit, really? That’s a common response many people have when they first hear about the R&D credit in relation to the construction industry. In reality, many construction companies are performing [...]
California Governor Gavin Newsom has announced a variety of small business support in California. The support plans are for those who were impacted by COVID-19. Resources for California businesses include temporary tax relief, the Main Street Small Business Tax [...]
The Tax Cuts and Jobs Act (TCJA) brought many new rules for individual tax filers, and there are quite a few ways taxpayers can use these changes to their advantage. With the end of the year quickly approaching, it’s [...]
The end of year is approaching, and that means it’s time for businesses and business owners to start thinking about their 2019 taxes. The major changes set forth last year by the Tax Cuts and Jobs Act (TCJA) will [...]
Unverified Wage Withholding – Possible Changes to Tax Returns During the period from March 8, 2019 to March 11, 2019, a system error on the Franchise Tax Board (FTB) side caused them to issue refunds to approximately 23,500 taxpayers [...]
With online retail becoming the preferred method of shopping in America, it was only a matter of time until states would start demanding their share of the sales pie. Unlike purchases in a physical store location, loopholes let bargain [...]
Every business knows the importance of good record keeping, but just how long do you need to hold onto certain documents? Maintaining adequate records of your business transactions is important for not only tax purposes, but also to serve [...]
Now that the Tax Cuts and Jobs Act has officially been passed, it’s time to start looking at how these changes will affect your business. Below is an overview of what’s in the tax bill and how businesses may [...]
