PPP Loan Forgiveness Fact Sheet

California has revised its webpage on forgiven Paycheck Protection Program (PPP) loans. The CA Franchise Tax Board (FTB) has added a related page of frequently asked questions for PPP loans. Topics include an overview of the income exclusion for [...]

By |2021-07-28T17:52:05-04:00July 21st, 2021|Categories: Blog, California, SALT, Tax|Comments Off on PPP Loan Forgiveness Fact Sheet

California Cannabis Tax Fact Sheet

California’s Dept. of Tax and Fee Administration has issued a cannabis tax fact sheet for calculating the cannabis excise tax. To properly calculate the 15% tax, cannabis distributors must determine whether the sale or transfer to the cannabis retailer [...]

By |2021-09-08T10:52:12-04:00July 14th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Cannabis Tax Fact Sheet

Unemployment Insurance Deadline

California employers: don’t miss this important deadline. Federal and CA wage reports and related unemployment insurance premiums for the second quarter are due on Aug. 2, 2021 (most years the due date is July 31, which falls on a [...]

By |2021-07-14T14:25:20-04:00July 14th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on Unemployment Insurance Deadline

Marin County Paid Sick Leave

Small employers in Marin County, California must provide supplemental paid sick leave. On June 8, 2021, the Marin County Board of Supervisors passed an urgency ordinance requiring employers in unincorporated areas, with 25 or fewer employees, to provide supplemental [...]

By |2021-07-14T12:46:30-04:00July 7th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on Marin County Paid Sick Leave

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

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

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 |2021-09-09T13:17:34-04:00May 26th, 2021|Categories: Blog, California, COVID-19, SALT, Tax|Comments Off on California Supplemental Paid Sick Leave

California Gas Tax Changes

New excise tax rates on gasoline and diesel fuel are announced for California. The CA Dept. of Tax and Fee Administration (CDTFA) announced that the adjusted excise tax rates for gasoline (motor vehicle fuel) and diesel fuel for the [...]

By |2021-05-12T13:07:56-04:00May 13th, 2021|Categories: Blog, California, SALT, Tax|Comments Off on California Gas Tax Changes
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