May 26, 2020
California Revised Budget Proposal – Suspension of NOLs and Limitations on Business Tax Incentive Credits
Summary Prior to COVID-19, CA was projecting a budget surplus of $5.6 billion for the 2020-2021 fiscal year with March actual revenues coming in $1.35 billion above projections. However, the COVID-19 pandemic changed all that as businesses were forced to temporarily close and lay-off or furlough employees, the entire US economy soon came to an …
May 20, 2020
State Tax Implications of Remote Employees Due to COVID-19
Summary With the rapid adoption of city and county shelter-in-place rules and state lockdowns (i.e. Hawaii) many employees found themselves working from locations that they never expected to be working from and for much longer than expected. Now employers have begun to ask, “Where are my employees working from? And what do I need to …