MyIRSRelief

OCTOBER 3, 2022

According to the IRS, in 2019, Los Angeles county residents had 4,806,030 total 1040 tax returns. The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. This is the total of state and county sales tax rates. The California state sales tax rate is currently 6%.

tax services 147

tax services California Tax tax preparation 147

KROST

NOVEMBER 20, 2020

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. So Sum Lee, CPA is a Tax Principal at KROST.

California 81

California Tax Real Estate income tax 81

KROST

AUGUST 6, 2021

On July 16, 2021, the California Governor signed Assembly Bill 150 (AB150) into law. The electing owners are then granted a credit against their California personal income tax for the full amount of the tax paid by the entity on their allocable share of California taxable income.

California 52

California Tax tax return Real Estate 52

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico.

South Dakota 191

South Dakota Sales Tax West Virginia 191

MyIRSRelief

APRIL 22, 2024

Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees’ paychecks. Problems with payroll taxes are serious and require immediate attention.

Tax 130

Tax payroll tax tax return payroll 130

KROST

DECEMBER 16, 2021

As you may remember, the federal Tax Cuts and Jobs Act reduced the amount of the SALT deduction individuals can claim on their federal tax return to $10,000 starting with the 2018 tax year. The tax paid would result in a credit that you may use to offset the tax due on your California individual income tax return.

Tax 52

Tax Real Estate California tax return 52

CPA Practice

AUGUST 15, 2023

Jared is a popular speaker and advisor due to his expansive knowledge of current tax policies, cybersecurity, and industry trends. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer. Gail is a member of the AICPA’s PFS Credential Committee.

Tax 52

Tax North Carolina Indiana CPA 52