Read About - Remote Work Tax Implications, Home Office, Travel, and MoreMarch 6, 2023
At a Glance
Main Takeaway
Remote work has grown increasingly popular in the past three years, with many businesses opting for flexible, work-from-home options for their employees
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Read About - California Conforms to IRS October 16 Deadline ExtensionMarch 2, 2023
Governor Newsom's office has announced that it will conform to the IRS’s postponement of filing and payment deadlines to October 16, 2023, for taxpayers located in all California counties except the following: Imperial; Kern; Lassen; Modoc; Plumas; Shasta; and Sierra
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Read About - Short-Term Rental Depreciation Considerations for OwnersMarch 1, 2023
At a Glance
Main Takeaway
If you own real estate investment properties, you likely use a tax strategy involving depreciation deductions to maximize savings when you file
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Read About - Operations and Remote Work: Outsourced Finance and AccountingMarch 1, 2023
At a Glance
Main Takeaway
Cloud-based technologies and outsourced finance and accounting professionals are becoming increasingly popular bookkeeping solutions for companies as the workforce becomes more remote
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Read About - How to Value a Small Business for Buyers and SellersFebruary 28, 2023
At a Glance
Main Takeaway
Valuing a small business is critical for both buyers and sellers when applying for loans, raising funds, or transferring ownership
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Read About - IRS Grants Filing Extension to California Storm Victims: Deadline Extended to October 16, 2023February 24, 2023
The IRS has extended the filing deadline to from May 15, 2023 to October 16, 2023 for victims of severe winter storms, flooding, and mudslides in California. This extension currently applies only to applicable federal returns and payments, California has not conformed as of the date of this announcement
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Read About - What Nonprofits Need to Know About New Lease Accounting StandardsFebruary 24, 2023
At a Glance
Main Takeaway
If you handle finances for a nonprofit, it is essential to understand issues related to lease accounting standards
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Read About - Financial Reporting Software, Jirav, and Outsourced AccountingFebruary 22, 2023
At a Glance
Main Takeaway
Effective financial management is critical to the success and sustainability of your business
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Read About - Selecting the Right Accounting Audit Partner for Your BusinessFebruary 21, 2023
At a Glance
Main Takeaway
Choosing the right accounting audit firm for your business is crucial to ensuring the integrity and accuracy of your financial statements
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Read About - Newsom Targets Incomplete Non-Grantor Trusts for California ResidentsFebruary 14, 2023
At a Glance
Main Takeaway
California Governor Gavin Newsom is targeting certain state residents who have set up an Incomplete Non-Grantor Gift Trust (ING Trust) in a state without an income tax to avoid paying taxes in California
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Read About - IRS Not Taxing Certain State Payments, Including the California Middle Class Tax RefundFebruary 13, 2023
On February 10, 2023, the IRS announced that regarding special state tax payments, “in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns.” This includes the California Middle Class Tax Refund
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Read About - Retirement Plan Provisions Modified by the SECURE 2.0 Act of 2022February 7, 2023
At a Glance
Main Takeaway
The SECURE 2.0 Act of 2022 (the "Act") was signed into law by President Biden on December 29, 2022
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