Sun.Nov 28, 2021

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Recent FTB Clarifications on Pass-Through Entity Tax (AB-150)

RogerRossmeisl

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. For an overview of AB-150, also see our initial 8/15/21 post on this subject: “California AB-150 Provides SALT Cap Workaround“ PTE Election The election to pay the tax is: made annually, is irrevocable, and can only be made on an original, timely filed return, including extensions PTE Tax Due Date (2021 Tax Year) F

Tax 237
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New Transition Payment Announced

Generate Accounting

The government has announced that a new one-off transition payment will be available for businesses from 10 December this year. Businesses need to have suffered a 30% drop in revenue between October 3 and November 9 compared to a typical week in the six weeks prior to August 17 to be eligible. The transition payment is designed to assist businesses in moving to the new traffic light system.

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Chinese Vehicles are Coming – Observations from an Expert

RogerRossmeisl

As posted to the Now You Know YouTube Channel on 11/5/2021 (Run Time 29 min, 54 sec, when starting at time code 3:22) Now You Know sits down with legendary automotive engineer Sandy Munro in November 2021 to compare and contrast today’s unfolding Chinese EV rollout with the Japanese vehicle invasion of the 1970s and 1980s. On the Chinese EV business model, Sandy comments, “We’re playing checkers. one move at a time.

CPA 47
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New Transition Payment Announced

Generate Accounting

The government has announced that a new one-off transition payment will be available for businesses from 10 December this year. Businesses need to have suffered a 30% drop in revenue between October 3 and November 9 compared to a typical week in the six weeks prior to August 17 to be eligible. The transition payment is designed to assist businesses in moving to the new traffic light system.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.