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- Effective July 1, 2011, the California sales and use tax rate decreased b...
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7/1/11- Effective July 1, 2011, the California sales and use tax rate decreased by 1%. For detailed article and listing by city, click here. 8/1/11- Debt Ceiling Agreement- major tax changes under consideration that will impact both individuals and businesses. Click here for details 9/19/11- American Jobs Act of 2011- President proposes $47 billion jobs package; offsets target higher incomes, carried interest. Click here for details. 9/19/11- White House Tax and Deficit Reduction Proposal- Obama Aims For $1.5 Trillion In New Tax Revenue To Reduce Deficit. Click here for details. 2/10/12- Changes in Use Tax Reporting- CA law requires consumers to pay a "use tax" which is equal to the sales tax, if the tax was not collected by the merchant (example: Amazon.com). For more info on the changes and how to report them: Click here for details. 2/13/12- New Guidance Regarding Property Tax Deductions- Property taxes are and will continue to be deductible for both fed and state income tax purposes. Beginning for tax year 2012, CA will require that both the parcel number and property address are reported in order to take the deduction. Click here for details.
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Small Business Act Details and How They Impact You |


