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So far Thomson Reuters has created 351 blog entries.

2021 Q3 Tax Deadlines

The 2021 Q3 Tax Deadlines are approaching. Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional [...]

By |2021-06-14T13:24:53-04:00June 14th, 2021|Categories: Blog, Tax|Tags: , , , , , , , , , , |Comments Off on 2021 Q3 Tax Deadlines

Accounting Estimates in Uncertain Times

In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of key “unknowns” include how much longer certain pandemic issues will continue, how federal stimulus spending will affect the economy [...]

By |2021-06-11T12:43:27-04:00June 11th, 2021|Categories: Audit, Blog|Tags: , , , |Comments Off on Accounting Estimates in Uncertain Times

California Cannabis Track-and-Trace

New regulations from the California Dept. of Tax and Fee Administration (CDTFA) affect the operations of the CA cannabis industry. Rules adopted on April 26, 2021, entitled CA Cannabis Track-and-Trace, specify information that certain distributors or retailers of cannabis [...]

By |2021-06-09T16:54:23-04:00June 9th, 2021|Categories: Blog, California, Kaylyn Kleinhans, SALT, Tax|Comments Off on California Cannabis Track-and-Trace

New Disaster Relief Rules for California Homeowners

Fourteen California Counties have adopted an ordinance allowing intercounty disaster relief. Homeowners whose principal residence is substantially damaged or destroyed in a major disaster can transfer the adjusted base year value of the pre-damaged residence to a replacement residence. [...]

By |2021-06-09T16:51:22-04:00June 9th, 2021|Categories: Blog, California, Kaylyn Kleinhans, SALT, Tax|Comments Off on New Disaster Relief Rules for California Homeowners

Recordkeeping Do’s and Dont’s

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to [...]

By |2021-06-07T19:20:05-04:00June 7th, 2021|Categories: Blog, Tax|Tags: , , , , |Comments Off on Recordkeeping Do’s and Dont’s

Is Your Working Capital on Target

Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of working capital depends on the nature of operations and [...]

By |2021-06-07T19:23:59-04:00June 4th, 2021|Categories: Audit, Blog|Tags: , |Comments Off on Is Your Working Capital on Target

Newsom’s Budget Proposal

In mid-May, California Governor Gavin Newsom released a revised state budget proposal for 2021-2022. This budget supports a $100 billion CA Comeback Plan with a projected state surplus of $75 billion, plus $25 billion in federal relief. Provisions include: [...]

By |2021-06-02T19:02:02-04:00June 2nd, 2021|Categories: Blog, California, SALT, Tax|Tags: , , , , |Comments Off on Newsom’s Budget Proposal

Benefits of Hiring Your Kids this Summer

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage [...]

By |2021-06-02T19:02:19-04:00June 1st, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Benefits of Hiring Your Kids this Summer

How to Strengthen your Internal Controls

Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A solid system of controls can help prevent, detect and [...]

By |2021-05-28T20:11:35-04:00May 28th, 2021|Categories: Audit, Blog, Internal Audit|Tags: , |Comments Off on How to Strengthen your Internal Controls

California Supplemental Paid Sick Leave

California workers seeking paid sick leave can check their eligibility themselves. The CA Dept. of Industrial Relations has created a tool that workers can use to determine if they qualify for 2021 COVID-19 supplemental paid sick leave under CA [...]

By |2021-06-01T18:47:51-04:00May 26th, 2021|Categories: Blog, California, COVID-19, SALT, Tax|Comments Off on California Supplemental Paid Sick Leave
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