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So far Thomson Reuters has created 373 blog entries.

10 Facts about the Pass-Through Deduction

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the pass-through deduction, QBI deduction or Section 199A deduction. The pass-through deduction is available to [...]

By |2021-07-06T12:27:21-04:00July 6th, 2021|Categories: Blog, Tax|Comments Off on 10 Facts about the Pass-Through Deduction

California Unemployment Changes

On July 11th, Californians receiving unemployment benefits will again be required to search for work. The CA Employment Development Department (EDD) is currently sending notices to claimants to inform them of the reinstatement of this requirement. The search for [...]

By |2021-06-30T13:13:03-04:00June 30th, 2021|Categories: Blog, SALT, Tax|Comments Off on California Unemployment Changes

California Minimum Wage Changes

Local minimum wages in several California areas will increase on July 1, 2021. The per hour rates include the following: Berkeley ($16.32); Emeryville ($16.97); Fremont ($15.00 for small employers, $15.25 for large employers); Long Beach ($15.69, and for concessionaire [...]

By |2021-06-30T13:07:36-04:00June 30th, 2021|Categories: Blog, SALT, Tax|Comments Off on California Minimum Wage Changes

Child Tax Credit Payments are Coming

The first advance payments under the temporarily expanded child tax credit (CTC) will begin to arrive for nearly 39 million households in mid-July 2021 — unless, that is, they opt out. Most eligible families won’t need to do anything [...]

By |2021-06-30T13:02:07-04:00June 29th, 2021|Categories: Blog, News|Comments Off on Child Tax Credit Payments are Coming

Claim the Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules. Background Back in March of [...]

By |2021-06-28T18:45:59-04:00June 28th, 2021|Categories: Blog, COVID-19, Tax|Comments Off on Claim the Employee Retention Tax Credit

Cutoffs for Revenue and Expenses

Timing counts in financial reporting. Under the accrual method of accounting, the end of the accounting period serves as a strict “cutoff” for recognizing revenue and expenses. However, during the COVID-19 pandemic, managers may be tempted to show earnings [...]

By |2021-06-30T12:58:29-04:00June 25th, 2021|Categories: Audit, Blog|Comments Off on Cutoffs for Revenue and Expenses

Golden State Stimulus Checks

Are you a Californian with questions about the Golden State Stimulus checks? The CA Franchise Tax Board (FTB) has updated its webpage to answer questions. New information includes the Governor’s proposal to expand stimulus payments for more state residents, [...]

By |2021-06-30T12:53:14-04:00June 24th, 2021|Categories: Blog, Tax|Comments Off on Golden State Stimulus Checks

California Taxpayers’ Bill of Rights

Interested Californians are invited to view a livestreamed public hearing. The CA State Board of Equalization (SBE) will hold a teleconference of its annual Taxpayers’ Bill of Rights hearing on Aug. 24, 2021, at 10 a.m. Taxpayers, assessors and [...]

By |2021-06-30T12:51:26-04:00June 23rd, 2021|Categories: Blog, SALT, Tax|Comments Off on California Taxpayers’ Bill of Rights
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