Tax Blog

Our tax blog is dedicated to CFOs, Tax Directors and Business Owners looking to improve profitability, grow their business or implement a succession plan. At Armanino, we see the tax function as a key strategic tool—as nothing less than a vital means of moving you and your company forward. While we excel in making sure our clients meet regulatory requirements—both domestic and global—that just scratches the surface of what we do.

Tax Blog

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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