California State FTB Audit Representation

MyIRSRelief

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California.

California AB-150 Provides SALT Cap Work-Around

RogerRossmeisl

On 7/16/2021, Governor Newsom signed into law AB-150, which provides a means by which certain pass-through entities (Qualified Entities) can make an election to pay California income tax (at the entity-level) on behalf of their owners, for which their consent must be given.

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Common Ways to Hold Title in California

KROST

The post Common Ways to Hold Title in California appeared first on KROST. We often get questions from clients on how to hold title to property they are about to purchase.

California 1099-NEC Filing Requirements

RogerRossmeisl

The post California 1099-NEC Filing Requirements appeared first on Roger Rossmeisl, CPA. In IRS Tax Tip 2020-80, the IRS explained new Form 1099-NEC, Nonemployee Compensation for business taxpayers who pay or receive nonemployee compensation.

California sees warning sign from weak tax revenue collections

Accounting Today

California State tax revenues Tax State taxes

FTB Audit Representation by California State Taxing Authority

MyIRSRelief

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California.

California pass-through entity tax credit circumvents SALT cap

Accounting Today

SALT deduction California Tax State taxes Tax deductions

Update on California Classic Car Smog Exemption Bill AB 220

RogerRossmeisl

As posted to Mike Frankovich’s YouTube Channel on 4/15/2021 (Run time: 8 min, 47 sec) If you’re like me, you have trouble understanding why California continues to make it so difficult to engage is what is one of the most quintessential of California pastimes.

Startup Guide to California Franchise Tax and R&D Tax Credit

Shay CPA

When you open a business in California, there’s one agency with which you need to get familiar pretty fast: the California Franchise Tax Board (FTB). Even if you’re not founding your business in California, you might still need to interact with the FTB. California’s a big state.

Tax Service Firm in Norwalk, California

MyIRSRelief

You need someone who is well versed in tax resolution and someone who has a better understanding about tax services in Norwalk, California to allow you or your company to find effective tax resolution and get necessary assistance needed. Norwalk is a suburb city in Los Angeles, California. It is one of the most populated cities in California. The Ready Return program in California believed that there is a need to send simple tax returns draft.

California Main Street Small Business Tax Credit II Begins 11/1/21

RogerRossmeisl

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers.

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California Property Tax Updates

LSLCPAs

Before we get too far into the year, we wanted to remind you of two significant changes that became effective in 2021 for California homeowners. California Property Tax Updates First Change For owners. The post California Property Tax Updates appeared first on LSL CPAs.

Tax Preparation Expert in Santa Fe Springs, California

MyIRSRelief

You need an expert in tax preparation services in Santa Fe Springs in California to enable your business to find the appropriate tax resolution and get help. Are you in need of a tax preparation expert in Santa Fe Springs?

Update- California PPP Tax Conformity

CapataCPA

California’s governor and legislation were ready to legislatively conform to federal PPP. The post Update- California PPP Tax Conformity appeared first on CPA firm in Orange County, CA | CAPATA.

California Small Business Hiring Credit FAQs

RogerRossmeisl

The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a new small business hiring credit (SBHC) for small businesses impacted by economic disturbances in 2020.

Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. The California state sales tax rate is currently 6%. If you own a property, a business, or are employed, you’ll likely have to pay taxes.

California Cops Enlist Drones For Lockdown Enforcement

PYMNTS

A police department in California is going to use drones equipped with loudspeakers to help enforce the state lockdown orders imposed due to the coronavirus, according to a report by the Financial Times. Coronavirus California Drones News What's Hot

Revisiting California’s Worker Classification Law AB 5

RogerRossmeisl

This means that many workers previously classified as independent contractors are now employees under California law and you must withhold California income and payroll taxes, and meet California’s minimum wage and overtime requirements.

California Lets Aurora Operate Driverless Cars

PYMNTS

Self-driving vehicle company Aurora has been approved by California regulators to allow passengers rides in its fleet of driverless vehicles, according to reports. The company did not specify when it would allow California passengers in its vehicles.

California Small Business Hiring Tax Credit

KROST

To help Californians get back to work, California’s governor signed a new tax bill to give tax breaks to small businesses that increased hiring during the second half of 2020. California has reserved $100 million to fund this Small Business Hiring Tax Credit program.

California Goes Back Under Lockdown

PYMNTS

For the fifth consecutive day, Florida reported more than 12,000 new coronavirus infections, and in California, Gov. The resurgence of the virus in California has taken its toll on the Latino community. Coronavirus bars California closures COVID-19 News Restaurants Retail What's Hot

California Passes Proposition 19

CapataCPA

California Passes Proposition 19Proposition 19 was recently passed in California and will affect properties that you want to pass down to your children. The post California Passes Proposition 19 appeared first on CPA firm in Orange County, CA | CAPATA.

Uber Lets California Drivers Set Fees

PYMNTS

In a move that will give more flexibility to its drivers, less predictability to passengers and potential legal protection for its parent company, Uber now is letting California drivers set their own rates — within limits. Ridesharing California News Uber What's Hot

California voters reject tax-the-rich measure for electric cars

Accounting Today

Auto industry Tax State taxes

California Proposition 19: Tax Changes

KROST

California Proposition 19 passed with just over 51% of the vote in the general election on November 3rd and is expected to become law. April 1, 2021 – For transferring a property tax assessment to a new location within the state of California.

Uber, Lyft Ready Shutdown Friday In California

PYMNTS

are ready to suspend their ride-hailing services in California on Thursday (Aug. In a blog post , Lyft said its rideshare operations in California would be suspended at 11:59 a.m. Ridesharing California Lyft News Uber What's Hot

Small Business Relief From State of California

LSLCPAs

More relief for small businesses – this time from the State of California! The post Small Business Relief From State of California appeared first on LSL CPAs.

Grubhub Changes Tipping In California, Angering Drivers

PYMNTS

In November, California voters, by a margin of about 58 percent to 42, adopted Proposition 22, which overturned a fairly young state law that made it harder for companies to deploy gig workers without classifying them as “employees” and providing the benefits employees receive.

California Judge: Uber, Lyft Can’t Call Drivers Contractors

PYMNTS

A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported. Legal California gig economy Gig Workers legal Lyft News Uber What's Hot

Do’s and Don’ts of California Non-Residency

KROST

There are many factors in determining whether you are a California resident. Do’s: • Either sell your California residence or make sure you can support the reason why you still own it for investment or rental Read the full article.

On-call Pay: California | Does Ward v. Tilly’s, Inc. Ruling Affect You?

Patriot Software

California employers should know about the 2019 court case, Ward v. Read on to learn about California on-call laws. If you want your business to be legally compliant, you must follow federal and state employment laws. Tilly’s, Inc., and how it affects paying for on-call time.

Los Angeles/Orange County, California Tax Service Help

MyIRSRelief

Tax Resolution Services. Los Angeles-Long Beach-Santa Ana Metropolitan SoCal area. Local tax helpline 877-78-TAXES [877-788-2937]. Continue reading ›. Tax Resolution Services

Report: Facebook To Move UK Users To California Privacy Agreement

PYMNTS

users into new agreements with its corporate headquarters in California, effectively circumventing the European Union’s strict privacy laws, according to an exclusive report by the Reuters news service. Facebook California News privacy Security Social Media U.K.

Proposed Tax Relief Bills for California

CapataCPA

Proposed Tax Relief Bills for California California’s Governor is expected to sign several tax-related and stimulus bills that the California General Assembly sent to him. The post Proposed Tax Relief Bills for California appeared first on CPA firm in Orange County, CA | CAPATA.

No Deduction in California for Expenditures Paid with Forgiven PPP Funds

RogerRossmeisl

With the prospect that ordinarily tax deductible business expenses will still be deductible if they were paid for with forgiven PPP loan funds contained in the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, attention turns to the California treatment of same.

Bitcoin Daily: China Expands Digital Cash Pilot; California Bill Defining Digital Assets Moves Forward

PYMNTS

The move comes as numerous places around the world look into digital currencies for official business, including the state of California, as it moves ahead with a digital asset bill, Assembly Bill 2150.

The Real Estate Tax Implications of California Prop 19

CTP

California Prop 19, also known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act,” went into effect on February 16, 2021. The post The Real Estate Tax Implications of California Prop 19 appeared first on certifiedtaxcoach.

Delays Continue – The IRS, the California Franchise Tax Board, and Tax Software

KROST

Some of the complications that currently impact our service and may require a filing extension include: Delays in issuing guidance from the IRS and the California Franchise Tax Board on a wide range of issues from: a.

COVID Pushes California Pizza Kitchen Into Bankruptcy

PYMNTS

California Pizza Kitchen (CPK) is the latest big restaurant chain to fall on hard times in the wake of the coronavirus pandemic. The company opened its first restaurant in 1985 in Beverly Hills, with a menu offering California-style pizza and cuisine.

Uber Weighs Backup Plan If Controversial California Labor Law Stands

PYMNTS

Uber is weighing contingency plans that could dramatically shrink its California operations should a ballot campaign aimed at revoking a controversial state labor law fall short on Election Day.

Proposed California Bill Offers Banking Support For Cannabis Businesses

PYMNTS

A proposed new California bill, AB 1525 , would give banking institutions and accountants the green light to work with cannabis businesses. Alvarez, California Department of Business Oversight commissioner, Bloomberg reported.

California’s Proposition 24 Vote Could Boost Online Privacy Bills In New York, Washington

PYMNTS

A ballot measure passed by a sizable majority of California voters to ramp up protections for online privacy could pave the way for similar measures across the country. Legal California legal Legislation News privacy Security What's Hot

JD Sports Purchases California-Based Shoe Palace

PYMNTS

California-based Shoe Palace was started in 1993 by the Mersho family. More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas. Genesis Holdings Inc.,