Category Archives: Tax News

Business Meals Are Deductible at 100%: Until December 31, 2022

As part of the Taxpayer Certainty and Disaster Relief Act of 2020, the Treasury Department...

Governor Newsom Signed Two Major Bills: SB 113 – Relating to the Passthrough Entity Elective Tax and SB 114 – Relating to COVID-19 Related Sick Pay

On February 9, 2022, Governor Newsom signed the following two bills: SB 113: Passthrough Entity...

California Property Tax Updates

Transferring the Property Tax Base. Before we get too far into the year, we wanted...

Eliminate the ‘SALT’ Deduction Cap?

What does SALT stand for, and what are the Pros and Cons? SALT is an...

Small Business Relief From State of California

More small businesses relief – this time from the State of California! Governor Newsom signed...

Tax Planning 2020 – Part THREE

Part THREE: Required Minimum Distributions and 401(k)s SO much has happened this year and SO...

Tax Planning 2020 – Part TWO

Part TWO: The CARES Act, Net Operating Losses, and Cash Flow So much has happened...

Tax Planning 2020 – Part ONE

Part ONE: The Pandemic (PPP loans), The Election, and Technology INSIDER’S TIP: Start Tax Planning...

PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise. Not!

Treasury and the SBA have issued precious little additional guidance since our Webinar last Thursday,...

You Just Got Your PPP Loan Proceeds. Now What?

PPP Loan Proceeds We all just went through an incredibly difficult process of calculating and...

Scammers Posing as IRS Soliciting Information for Stimulus Checks

Scammers Posing as IRS UPDATED APRIL 30, 2020 Beware!  Scammers and criminals are out in...

The Employee Retention Credit: One More Bit of Relief from the CARES Act

Employee Retention Credit (ERC) If you did take out a Paycheck Protection Plan loan, you...

Small Businesses with Less Than $1 Million in Taxes Owed to the CDTFA Now Have Extra 90 days to File and Make Payments

More relief for small businesses! Governor Newsom signed an executive order on March 30th that...

Paycheck Protection Program Loans (PPPL): 20 critical questions answered

Please note: On April 8, 2020 we added the update below to this article originally...

Using Payroll Tax Credits for Coronavirus Paid Leave

Using Payroll Tax Credits for Coronavirus Paid Leave We want to make sure you know...