Read About - Outsourced Bookkeeping Services: How to Find the Ideal BookkeeperFebruary 28, 2022
Private businesses of all sizes can benefit from outsourced bookkeeping services
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Read About - New Schedule K-2 and K-3 Forms: Are You Ready?February 14, 2022
Beginning in tax year 2021, partnerships, S corporations, and US persons who were partners in foreign partnerships or entities electing to be taxed as partnerships will be required to submit the new Schedule K-2 and K-3 with their returns if they have items of "international tax relevance." The new schedules…
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Read About - Can You Save Taxes by Moving from California?February 14, 2022
California is known for having some of the highest taxes in the country for both individuals and businesses
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Read About - Governor Signs Two Major BillsFebruary 9, 2022
The Governor today signed SB 113, which expands the passthrough entity elective tax benefits by: Repealing the tentative minimum tax limitation on the Passthrough Entity Elective Tax Credit; Allowing partnerships/S corporations/LLCs with owners that are partnerships to make the election (although the tax can’t be paid on behalf of the…
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Read About - WEBINAR | Update on the State of the EconomyFebruary 8, 2022
https://windes.wistia.com/medias/4g3814xpni?embedType=async&videoFoam=true&videoWidth=640
In this informative webinar, Professor Christopher Schwarz from UC Irvine presents his economic and financial market forecasts for 2022
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Read About - Passthrough Entity Elective Tax Fix and Other Economic Relief On Its Way?February 3, 2022
The long-awaited fix to AB 150’s passthrough entity elective tax has been introduced in the California Legislature
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Read About - How LLCs Can be Recognized as Tax-Exempt OrganizationsJanuary 31, 2022
On October 21, 2021, the IRS released an advance version of Notice 2021-56 that sets forth standards that a limited liability company (LLC) must satisfy to receive a determination letter recognizing it as tax-exempt under section 501(a) and described in section 501(c)(3)
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Read About - Reforming Distribution Requirements for Donor Advised Funds and Private FoundationsJanuary 31, 2022
In the summer of 2021, The Accelerating Charitable Efforts (ACE) Act was introduced in the US Senate
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Read About - Cyber Insurance and Premium IncreasesJanuary 24, 2022
While businesses are susceptible to numerous physical dangers, including property damage, loss, and injury, your firm also faces hazards associated with technology use
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Read About - Major R&D Credit Changes Coming AheadJanuary 19, 2022
Two important changes to Research and Development (R&D) expenses are here and prudent taxpayers should begin preparing now
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Read About - Maximizing 199A Rental Income Deduction
Read About - California LLC vs. S Corp: A Complete GuideJanuary 17, 2022
The big question when forming a new business entity in California is what type of entity should be formed
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