January 13, 2021
Gov. Newsom Proposes $4.5B for Equitable Recovery for CA Business and Jobs
Initial budget focuses on benefits for California businesses via tax credits and rate adjustments.
January 12, 2021
New Law Requires Small Companies to Report 25% Owners (U.S. or Foreign)
New ownership filing requirement affects companies with revenue under $5M and less than 20 employees.
December 28, 2020
Second Wave of PPP Loans: New Rules Take Effect Immediately
On December 27, 2020, the President signed into law a sweeping stimulus program that included authorization for a second round of Paycheck Protection Program (PPP) loans for business owners deeply impacted by COVID-19. In addition, it greatly expands the universe of eligible expenses for forgiveness of both new and existing PPP loans, and simplifies the …
December 23, 2020
COVID Relief Package Could Have State and Local Tax Consequences
New provision will allow deductions of expenses funded by a PPP loan that is forgiven.
December 22, 2020
Congress Passes COVID Aid Package Containing: Billions in Funding and Tax Breaks
Initial look at Consolidated Appropriations Act of 2021 impact on individuals and businesses.
November 7, 2020
With Biden Announced as President-Elect, Consider These Last-Minute Tax Planning Ideas
2020 will no doubt go down in history as one of the most chaotic and unpredictable years ever. Now that Biden has been announced as the President-elect, we must be prepared for upcoming legislative changes to the tax laws. However, since the Republicans will likely remain in control of the Senate, the extent of new …
October 14, 2020
California Offers New Small Business Hiring Credit
Funding is limited, so taxpayers should begin calculations early for this $1K per new hire credit.
September 8, 2020
CA Legislative Session Concludes for 2020; Prop 15 on Ballot
CA passed tax bills SB 972 and AB 3372, impacting corporate disclosure, water’s edge and more. And watch for Prop 15.
August 29, 2020
IRS Notice 2020-65: Guidance for Employers on President Trump’s Memo on Payroll Tax
Review the items that matter most to businesses regarding President Trump’s executive order on payroll tax deferral.
August 18, 2020
Foreign Derived Deduction Eligible Income – Summarized Documentation Roadmap
Treasury released final FDII and GILTI regulations under Section 250, which simplified documentation requirements proposed in March 2019.