california

Some California Taxpayers are Receiving Erroneous Late Notices

Some California taxpayers are receiving erroneous late notices. Taxpayers who reside in federally declared disaster areas have been granted extra time to accomplish state tax-related tasks, such as filing tax returns and paying taxes due. The CA Franchise Tax Board (FTB) has reported that, due to a systemic issue, some taxpayers who qualify for this relief have received notices assessing late-filing penalties. While the FTB works to update its system and address this issue, taxpayers can contact the FTB on its homepage and click live chat: https://bit.ly/2MG3HMz

If you have questions, you can also contact your Linkenheimer CPA.

By |October 2nd, 2018|disaster, ftb, irs, tax|0 Comments

Tax Relief for Victims of California Wildfires

3WRHLOss

As the local fires near containment and our community looks to band together in the rebuilding process, we wanted to send out a brief update the IRS released today providing an overview of the tax relief and extensions they are offering. We will continue to put out pertinent information as it becomes available. Over the next 24 hours, we will also provide a detailed guide related to tax relief for victims of the fires. If you have any questions, please feel free to call or email your Linkenheimer CPA.

The IRS has provided tax relief for the victims of wildfires affecting parts of California. Currently, the IRS is providing relief to seven California counties: Butte, Lake, Mendocino, Napa, Nevada, Sonoma, and Yuba. The tax relief postpones various tax filing and payment deadlines that occur starting on 10/8/17. Affected individuals and businesses now have until 1/31/18 to file returns and pay any taxes that are originally due during the relief period. This includes quarterly estimated tax payments, extended 2016 income tax returns, and quarterly payroll and excise tax returns. The IRS noted that tax payments related to 2016 individual tax returns were originally due […]

By |October 18th, 2017|Community, disaster, irs, relief|0 Comments

California Enacts $15 per hour Minimum Wage Rate

2000px-Flag_of_California.svg

On April 4, 2016, Governor Jerry Brown signed a bill into law that will increase California’s minimum wage rate to $15 per hour by 2022. This Employment Law Summary provides an overview of this law how it will be phased-in over the next several years:

bill

California Enacts 15 Minimum Wage Rate

By |April 6th, 2016|california|0 Comments

Paid Sick Leave Update

Entitlement:
An employee who, on or after July 1, 2015, works in California for 30 or more days within a year from the beginning of employment is entitled to paid sick leave. Paid sick leave accrues at the rate of one hour per every 30 hours worked, paid at the employee’s regular wage rate. Accrual shall begin on the first day of employment or July 1, 2015, whichever is later. Accrued paid sick leave shall carry over to the following year of employment and may be capped at 48 hours or 6 days. However, subject to specified conditions, if an employer has a paid sick leave, paid leave or paid time off policy (PTO) that provides no less than 24 hours or three days of paid leave or paid time off, no accrual or carry over is required if the full amount of leave is received at the beginning of each year in accordance with the policy.
Usage:
An employee may use accrued paid sick days beginning on the 90th day of employment. An employer shall provide paid sick days upon the oral or written request of an employee for themselves or a family member for the diagnosis, care or treatment of an existing health condition or preventive care, or specified purposes […]

By |June 22nd, 2015|employer|0 Comments

Property Taxes Due February 1st

If you are a property owner, the 2nd installment of your property taxes are due Sunday, February 1st.

Annual property tax bills are mailed in early October of each year. The bill is payable in two installments.

The 1st installment is due on November 1 and is delinquent if the payment is not received by 5:00 p.m. or postmarked by December 10. A 10% penalty is assessed for delinquent payments.

The 2nd installment is due on February 1 and is delinquent if the payment is not received by 5:00 p.m. or postmarked by April 10, a 10% penalty and $10.00 cost fee are assessed.

If December 10 or April 10 falls on a Saturday, Sunday, or a legal holiday, the delinquency date is the next business day.

Both installments can be paid at the same time. If you choose to pay both installments in one payment, please include the first and second installment stubs with your payment.

Payment Deadline Summary

Installment             Due Date            Delinquency Date*            Penalty, if delinquent

1st                   November 1         […]

By |January 29th, 2015|property tax|0 Comments

Reminder Regarding Filing Statement of Information

Just a reminder for our business clients: California law requires corporations, limited liability companies and common interest development associations to update the records of the California Secretary of State on an annual or biennial basis by filing a statement, as described below.

Please refer to the instructions included with the form for complete filing information, applicable filing periods/due dates, fees required to file the statement, penalties for not timely filing the required statement, and statutory provisions.

Statement of Information:

By |December 18th, 2014|business, ca|0 Comments