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So far Thomson Reuters has created 351 blog entries.

California Tax Payment Plans

Do you owe California personal income tax that you can’t pay? The CA Franchise Tax Board encourages you to pay as much as you can to limit late payment penalties and interest and to prevent collection actions. If you [...]

By |2021-05-05T13:37:08-04:00May 6th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Tax Payment Plans

The Biden Administration Proposes Far-Reaching Tax Overhaul

President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed $2.3 trillion American Jobs Plan and the Made in [...]

By |2021-05-05T14:31:45-04:00May 5th, 2021|Categories: Blog, Tax|Comments Off on The Biden Administration Proposes Far-Reaching Tax Overhaul

2016 California Tax Refund Deadline

Do you have a California refund coming to you from 2016? Taxpayers normally have four years to file a claim for a CA tax refund (while for federal tax, taxpayers have three years). The four-year statute of limitations begins [...]

By |2021-05-05T13:48:02-04:00May 5th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on 2016 California Tax Refund Deadline

Employee Education Assistance

Providing education assistance to employees? Follow these rules Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from [...]

By |2021-05-03T17:19:37-04:00May 3rd, 2021|Categories: Blog, Tax|Comments Off on Employee Education Assistance

Time Off Liabilities

Liabilities for unused time off mount as pandemic lingers During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals [...]

By |2021-04-30T11:23:30-04:00April 30th, 2021|Categories: Audit, Blog, COVID-19|Tags: , , , , , |Comments Off on Time Off Liabilities

American Families Plan

President Biden details his tax proposals for individuals President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains [...]

By |2021-04-29T18:04:05-04:00April 29th, 2021|Categories: Blog, COVID-19, News, Tax|Comments Off on American Families Plan

Claiming the Business Energy Credit

Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable federal income tax benefit (the business energy credit) that applies to the acquisition of many types of alternative [...]

By |2021-04-26T15:10:19-04:00April 26th, 2021|Categories: Blog, Tax, Uncategorized|Tags: , , , , |Comments Off on Claiming the Business Energy Credit

Accounting for Business Combination

Accounting for business combinations If your company is planning to merge with or buy another business, your attention is probably on conducting due diligence and negotiating deal terms. But you also should address the post-closing financial reporting requirements for [...]

By |2021-04-23T12:48:46-04:00April 23rd, 2021|Categories: Audit, Blog|Tags: , , , , , , |Comments Off on Accounting for Business Combination

California Tax Forms Changes

The 2020 tax year has brought changes to many California tax forms and instructions. That’s why the CA Franchise Tax Board (FTB) has created a tax forms webpage to describe the revisions it has made. Most of the changes [...]

By |2021-04-21T12:18:11-04:00April 21st, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Tax Forms Changes
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