RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas.

California

RogerRossmeisl

SEPTEMBER 26, 2021

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. Small Business Tax Credit. The credits are reserved on a first-come, first-served basis.

Maine

RogerRossmeisl

AUGUST 15, 2021

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. Curiously the IRS has approved.

California

RogerRossmeisl

JANUARY 14, 2021

In IRS Tax Tip 2020-80, the IRS explained new Form 1099-NEC, Nonemployee Compensation for business taxpayers who pay or receive nonemployee compensation. Starting in tax year 2020, payers must complete this form to report any payment of $600 or more to a payee. For 2020 tax returns, the due date is February 1, 2021.

California

RogerRossmeisl

OCTOBER 8, 2020

or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. I’m Roger Rossmeisl, a senior partner with Kho & Patel CPAs with offices in Southern California.

CPA

RogerRossmeisl

NOVEMBER 17, 2020

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. The post California Small Business Hiring Credit FAQs appeared first on Roger Rossmeisl, CPA.

California

RogerRossmeisl

NOVEMBER 28, 2021

Recent pass-through entity (PTE) tax (AB-150) clarifications from the Franchise Tax Board (FTB) underscore that detailed planning is critical when considering this credit. Logistics of PTE Tax Payments / K-1 Recipient Credits Prior to. For calendar-year taxpayers, that is March 15, 2022.

Tax

CapataCPA

MARCH 24, 2021

Update- California PPP Tax Conformity Although it is no secret that California has yet to release information on whether or not it will partially conform state tax code to the current federal tax rules regarding forgiven Paycheck Protection Program (PPP) loans, CalCPA has shared why the delay is taking place.

California

RogerRossmeisl

MARCH 28, 2022

You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. entity-level tax). Similarly, if an S corporation has a loss, the loss.

income tax

MyIRSRelief

MAY 17, 2021

You need to get EA, CPA help with Cannabis Accounting & Tax if you are going to have a thriving cannabis-based business in Los Angeles or Southern California. The last aspect is the taxes that have to be carefully monitors. The last aspect is the taxes that have to be carefully monitors.

tax accountant

RogerRossmeisl

NOVEMBER 26, 2023

California AB 2280 established a new Unclaimed Property Voluntary Compliance Program that waives interest for taxpayers who voluntarily come into compliance with unclaimed property reporting requirements. The post Unclaimed Property Voluntary Compliance Program Now Available in California appeared first on Roger Rossmeisl, CPA.

California

KROST

APRIL 9, 2021

KROST is a full-service certified public accounting and consulting firm serving clients across various industries in the areas of tax , accounting , consulting, assurance and advisory , M&A and capital markets , corporate tax incentives , and wealth management. Additionally, the firm ranked No. KROST ranked No.

cpa firm

CPA Practice

MAY 16, 2024

Founded in 1957, Seiler has offices in Redwood City, San Francisco, San Jose, and Walnut Creek in California. The firm is also a member of HLB International, a global network of independent accounting and advisory firms with offices in more than 160 countries and jurisdictions. billion.

California

TaxConnex

AUGUST 15, 2023

There’s always something changing in the world of tax, especially sales tax. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.

Sales

CPA Practice

SEPTEMBER 21, 2023

Top 20 accounting firm Eide Bailly is growing its presence in Southern California by combining with Torrance, CA-based Raimondo Pettit Group. I am excited to see how we can excel as one firm,” said Eide Bailly CEO and Managing Partner Jeremy Hauk. Eight of those 43 offices are in California.

California

CapataCPA

JULY 6, 2021

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. SB 139 will authorize a second Golden State Stimulus payment up to $1,100 per California taxpayer with an AGI of $75,000 or less.

California

RogerRossmeisl

APRIL 17, 2021

The California Department of Tax and Fee Administration (CDTFA) has updated Publication 34 (Motor Vehicle Dealers), to include 2020 legislation that, effective 1/1/2021, imposes new reporting and payments requirements on certain used vehicle dealers. The CDTFA also made a number of nonsubstantive changes to the publication.

California

CapataCPA

JANUARY 7, 2021

California Passes Proposition 19Proposition 19 was recently passed in California and will affect properties that you want to pass down to your children. It is important to know that Prop 19 will only affect the property taxes and reassessments of the property; it will not take away the step up in basis for inherited properties.

California

Bharmal&Associates

SEPTEMBER 4, 2020

From individual tax planning services to complex corporate consulting engagements, we are ready to be your full-service CPA firm. Based in Orange County, Southern California, we received our first reviews on Clutch and maintain a perfect 5.0-Star Star Average on the platform. Their goal is to make our lives easier.

Healthcare

CPA Practice

DECEMBER 12, 2023

San Diego-based full-service CPA firm RBTK has joined top 20 accounting firm Eide Bailly, according to a Dec. The merger will expand Fargo, ND-based Eide Bailly’s footprint in California and enhance the firm’s service offerings in the construction industry. 5 news release. 8, 2024.

cpa firm

MyIRSRelief

FEBRUARY 1, 2022

This includes the very important topic of taxes (preparation, planning and representation). This article is designed to discuss the benefits of hiring and working with a Los Angeles CPA and or an EA. Below will be some frequently asked questions that cover the benefits of using an EA or a CPA for your business finances.

CPA

CPA Practice

OCTOBER 2, 2024

In addition to its Pasadena headquarters, the firm’s offices in Encino and Irvine, CA, also become part of Ascend’s national footprint. As is common in private equity deals with CPA firms, Lucas Horsfall has adopted an alternative practice structure that separates non-attest from attest services.

California

CPA Practice

NOVEMBER 9, 2023

Top 20 accounting firm Eide Bailly is combining with Secore & Niedzialek, a CPA and tax planning firm based in Phoenix. The firm’s extensive track record and deep industry expertise make them the perfect complement to Eide Bailly.

cpa firm

Going Concern

JANUARY 6, 2023

” California Program Offers Black Students Path to Accounting [ Bloomberg Tax ]. Black students in California can prepare for and take the certified public accountant or certified management accountant exam for free under a pilot program that aims to help diversify the accounting profession. Firm M&A.

cpa firm

CapataCPA

NOVEMBER 5, 2021

State Tax Deduction WorkaroundThis year California passed AB 150, which enacts an elective passthrough entity tax (PTET). Simply, qualified passthrough entities may pay tax on a consenting owner’s behalf based. Simply, qualified passthrough entities may pay tax on a consenting owner’s behalf based.

Tax

CPA Practice

JULY 7, 2023

Top 40 accounting firm BPM is combining with Las Vegas-based CPA firm Fair, Anderson & Langerman (FAL) effective Aug. In addition to its new Las Vegas location, BPM has 16 other offices spanning California, Oregon, Washington, and India. “As Once the deal is completed, FAL will rebrand and operate under the BPM name.

Oregon

CPA Practice

JUNE 5, 2024

Private-equity-backed accounting firm NDH Advisors has acquired McGowan Guntermann PC, a Santa Barbara, CA-based tax and accounting firm. Founded in 1945, McGowan provides tax and outsourced accounting services to high-net-worth individuals, closely held businesses and their owners, and family groups.

California

Going Concern

MAY 3, 2024

That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement. Practice The PCPS CPA Firm Top Issues Survey is open!

institute of chartered accountants

CPA Practice

AUGUST 22, 2023

Top 20 accounting firm Eide Bailly said on Tuesday that it will be merging in Bessolo Haworth, a full-service accounting and financial services firm with offices in the Los Angeles, San Francisco, and Seattle areas, on Oct.

cpa firm

KROST

FEBRUARY 14, 2022

On February 9, 2022, the California Governor signed Senate Bill 113 (SB113). SB113 addresses numerous tax provisions, including correction to issues related to Assembly Bill 150 (AB150). SB113 addresses most of these including: Repeal of the Tentative Minimum Tax limitation of the Passthrough Entity Elective Tax Credit.

California

CPA Practice

JULY 8, 2024

Staffing, IRS Service Problems and Leadership Development are Top Issues for CPA Firms, AICPA Survey Finds Finding qualified staff is the top issue for all categories of accounting firms except sole practitioners, according to a biennial survey by the American Institute of CPAs’ firm practice management section.

cpas

CapataCPA

MAY 5, 2021

California’s Partial PPP Conformity Bill On April 29, 2021, Governor Newsom signed into law Assembly Bill No. 80 (“AB 80”), providing partial conformity to the Federal tax treatment for deducting expenses paid with Paycheck Protection Program (“PPP”) loans, EIDL advance, and targeted grants.

California

CPA Practice

JUNE 28, 2024

the pivotal United States Supreme Court decision that enabled states to tax remote sales. Keep reading for a recap of the Wayfair decision , how Wayfair affected sales tax , and a summary of some of the most contentious ramifications stemming from remote sales tax requirements. Wayfair, Inc., What was the Wayfair decision?

South Carolina

CPA Practice

MAY 6, 2024

We could tell immediately that both firms really meant what we said and would be a great fit.” Since July, Eide Bailly has also merged in Phoenix CPA and tax planning firm Secore & Niedzialek , Seattle CPA firm King & Oliason , and California accounting firms Bessolo Haworth and Raimondo Pettit.

Mississippi

Ryan Lazanis

SEPTEMBER 19, 2023

The Green Leaf CPA The Green Leaf CPA assists leading marijuana, hemp, and CBD businesses in maintaining compliant accounting, tax, and financial practices. Luminary CPA Luminary CPA is one of the accounting firms that offer personalized tax assistance and on-demand bookkeeping services.

accounted

CPA Practice

SEPTEMBER 20, 2024

CPA firms constantly seek ways to boost efficiency, enhance client satisfaction, and drive growth. While technology and strategies play crucial roles, one often overlooked element can be the key to unlocking your firm’s full potential: document management.

Rhode Island

CPA Practice

NOVEMBER 30, 2023

Since July, Eide Bailly has also merged in Phoenix CPA and tax planning firm Secore & Niedzialek , Seattle CPA firm King & Oliason , and California accounting firms Bessolo Haworth and Raimondo Pettit.

Technology