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

PPP Forgiveness in California

Employers in California who have questions about the Paycheck Protection Program (PPP) get some answers. The April edition of the CA Franchise Tax Board’s “Tax News” addresses whether CA will conform to the federal rules with respect to the [...]

By |2021-04-21T11:57:38-04:00April 21st, 2021|Categories: Blog, California, SALT, Tax|Comments Off on PPP Forgiveness in California

Can Employers Mandate Vaccines?

California Employers can mandate vaccines. Employers in California may mandate employee COVID-19 vaccines. The CA Dept. of Fair Employment has issued guidance explaining that, based on the Fair Employment Housing act, an employer may require employees to receive an FDA-approved vaccination [...]

By |2021-04-15T12:48:25-04:00April 15th, 2021|Categories: Blog, California, Tax|Comments Off on Can Employers Mandate Vaccines?

Mexican Merchant Program

The Mexican Merchant Program ended in December, here's how it affects your business. The Mexican merchant program in California ended on December 31, 2020. That means that, since January 1, 2021, Mexican merchants have no longer been required to [...]

By |2021-04-15T12:41:14-04:00April 15th, 2021|Categories: Blog, California, Tax|Comments Off on Mexican Merchant Program

Simple Retirement Savings Options for Your Small Business

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified employee [...]

By |2021-04-12T12:14:32-04:00April 12th, 2021|Categories: Blog, Tax|Tags: , , , , |Comments Off on Simple Retirement Savings Options for Your Small Business

Need a New Business Vehicle? Consider a Heavy SUV

Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from lucrative tax rules for those vehicles. Bonus Depreciation Under [...]

By |2021-03-29T11:55:41-04:00March 29th, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Need a New Business Vehicle? Consider a Heavy SUV

Extended Filing Deadline for 2020 Tax Year

Extended tax filing deadline provides relief to individual taxpayers and the IRS. The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May [...]

By |2021-03-25T12:31:23-04:00March 22nd, 2021|Categories: Blog, COVID-19, Tax|Tags: , , , |Comments Off on Extended Filing Deadline for 2020 Tax Year

Is an S Corporation the Best Choice of Entity for your Business?

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for your new venture. Here’s an explanation of the reasons [...]

By |2021-03-22T12:36:26-04:00March 22nd, 2021|Categories: Blog, Tax|Tags: , , , , , |Comments Off on Is an S Corporation the Best Choice of Entity for your Business?

Good News for Taxpayers: Individual Deadline Extended

Due to the ever-evolving financial state, the IRS and California FTB have decided to give taxpayers a month-long respite. This change only applies to individuals and does not impact other taxpayers like corporations and trusts due on April 15. [...]

By |2021-03-19T12:06:09-04:00March 18th, 2021|Categories: Blog, COVID-19, Tax|Tags: , , |Comments Off on Good News for Taxpayers: Individual Deadline Extended
Go to Top