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 214

California tax return CPA Tax 214

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.

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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.

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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.

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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 52

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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.

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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 130

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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.

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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.

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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.

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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 52

California cpa firm CPA Tax 52

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.

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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.

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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 52

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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.

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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.

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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.

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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 64

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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.

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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.

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Going Concern

MAY 31, 2023

“With their leadership, I look forward to our continued journey creating the advisory CPA firm of the future, today.” Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Badani, CPA Assurance – Financial Services (Irvine, California) Ashley R. Maguire, JD, CPA Tax (Tampa, Florida) Shabinaaz F.

Wisconsin 52

Wisconsin Real Estate Pennsylvania Illinois 52

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.

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cpa firm California CPA Tax 52

KROST

NOVEMBER 24, 2021

KROST recognized our new CPA licensees at the CalCPA LA Chapter ABC Networking event on November 18th at the Luxe Hotel on Sunset in Hollywood. Congratulations to: Shelby Anna Brennan, CPA. Hoang Lan N Ho, CPA. Kimberly May Hoang, CPA. Cara Wang, CPA. Learn more about our Tax Services »­.

CPA 52

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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.

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Cherry Bekaert

FEBRUARY 2, 2024

Carbon reporting suddenly is a “checklist item” for new funds by large investors, mandatory for UN PRI membership, and forced by the State of California and the U.S. With this, California officially created carbon accounting obligations in the U.S. Federal government. affecting thousands of corporations.

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CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 64

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CPA Practice

SEPTEMBER 25, 2023

TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.

New Hampshire 105

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KROST

FEBRUARY 3, 2022

LOS ANGELES, CA [Feb 3, 2022] — Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services.

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KROST

FEBRUARY 25, 2022

As previously communicated, recent updates to the State and Local Tax (SALT) workaround issued by California clarify some of the more troubling provisions of this law. Worst case scenario: you get credit for your individual California income tax return payment but will not get a deduction on your federal tax return.

California 52

California CPA tax return Real Estate 52

CPA Practice

FEBRUARY 1, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

KROST

OCTOBER 26, 2020

The Real Estate Issue highlights some of the hot topics in real estate including 1031 Exchange, Cost Segregation, Opportunity Zones, Qualified Improvement Property, Delaware Statutory Trusts, and Green Building Tax Incentives. Going Green for the Green: Federal Tax Incentives for Energy Efficient Building By So Sum Lee, CPA.

Real Estate 40

Real Estate CPA Delaware public accounting 40

Shay CPA

JUNE 7, 2023

As we reviewed in a recent blog, having an employee in another state establishes a tax nexus for your company there. Dissolving your business in that state means you don’t have ongoing tax liability or entity fees in that locale. Having a quality bookkeeping and accounting team around you can go a long way here.

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KROST

JANUARY 20, 2021

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Manufacturing Companies Beware: CCPA May Impact Your Business” by Keith Hamasaki, CPA. The California Consumer Privacy Act (“CCPA”) is a comprehensive framework to protect California residents (consumers).

Manufacturing 52

Manufacturing California Legal accounting and finance 52

KROST

JUNE 2, 2022

Gross sales are typically defined as sales that include comps and sales tax. As of 2021, typical management fees range from one (1%) to six (6%) percent of gross sales. It’s an important distinction to calculate the fees off gross sales as opposed to net sales. Others use industry-standard percentages.

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California Hospitality bookkeeping Sales 72

Going Concern

DECEMBER 31, 2022

and California taking top spot at $6.37. Former EY Partner Calls Newly-Released Tax Salary Data “Disturbingly Low”. Firms have been on a “transparency” kick in recent years — especially across the pond — and in June, Australian Financial Review wrote a detailed post about the salaries at EY related to that.

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KROST

OCTOBER 4, 2021

Our firm has continuously strived to provide value-add services for our clients. KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. The post INSIDE Public Accounting Ranks KROST Among Top 100 Firms in the US in 2021 appeared first on KROST.

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KROST

DECEMBER 15, 2020

Temporary Eviction Ban Puts Cashflow Strain on California Landlords. Volume 3, Issue 3 highlights some of the hot topics in real estate including 1031 Exchange, Cost Segregation, Opportunity Zones, Qualified Improvement Property, Delaware Statutory Trusts, and Green Building Tax Incentives.

Real Estate 69

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