San Francisco to Impose Additional Employer Tax

San Francisco will impose an additional employer tax on certain businesses, effective in 2022. Businesses affected are those in which the highest-paid managerial employee earns more than 100 times the median compensation of its employees. The tax rate will [...]

By |2021-09-08T12:28:25-04:00September 1st, 2021|Categories: Blog, California, Kaylyn Kleinhans, SALT, Tax|0 Comments

What Pass-Through Businesses Need to Know About California Assembly Bill 150

Since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, individuals who itemize their federal tax deductions have been limited to a $10,000 deduction for state and local income taxes (“state taxes”). This has impacted taxpayers [...]

By |2021-09-08T11:03:27-04:00August 5th, 2021|Categories: Blog, California, Kaylyn Kleinhans, SALT, Tax|Tags: , , , , , |Comments Off on What Pass-Through Businesses Need to Know About California Assembly Bill 150

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

Wayfair: Sales Tax & State Income Tax Implications

By Brian Greer and Kaylyn Kleinhans The U.S. Supreme Court decision in South Dakota v. Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. However, it may have had a grander impact [...]

By |2021-03-09T16:37:28-05:00March 18th, 2021|Categories: Blog, Kaylyn Kleinhans, SALT|Comments Off on Wayfair: Sales Tax & State Income Tax Implications
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