CA tax - Linkenheimer LLP CPAs & Advisors

Supporting You During the Coronavirus

Dear clients, friends and community,

We understand there is a lot of anxiety and stress caused by the unprecedented coronavirus pandemic that is affecting the local and global community. As Sonoma County and the Bay Area have been put under a shelter in place order, we are doing everything we can to look after the health and safety of our staff and clients. We want you to know we are standing by your side during this crisis.

Certain essential businesses such as providers of healthcare, food, supplies, and financial services are exempt from the shelter in place order. Because of the clients served by Linkenheimer LLP, we are also exempted from the order as an essential services provider. That being said, we are implementing strategies to reduce contact and mitigate exposure.

Currently, our offices will remain open during regular business hours. However, for the protection and health of our staff, clients and community we are implementing a strategy that involves most of our staff working from home. We are also asking documents be sent to us electronically, rather than delivered in person. In person meetings, when possible, should be conducted electronically, whether via video […]

By Linkenheimer LLP|2020-09-03T20:03:15+00:00March 20th, 2020|CA tax, New Tax Laws, Santa Rosa, tax deadlines, taxpayers california franchise tax board|0 Comments

Do You Have a California Business That Collects Sales Tax?

California businesses that collect sales tax from customers must correctly report the sales and remit the tax on time or face a possible 25% fraud penalty. The CA Dept. of Tax and Fee Administration (CDTFA) found that one restaurant owner significantly underreported sales and underpaid the related sales tax. On that basis, the CDTFA determined that he was not only subject to the 25% fraud penalty, but that he also met the criteria for a higher penalty of 40%. That is, evidence showed he knowingly collected sales tax to be remitted and failed to remit the full tax collected; also, the amount exceeded an established threshold. The CA Office of Tax Appeals upheld the penalty. If you have questions, please contact your Linkenheimer CPA.

By Linkenheimer LLP|2020-09-03T20:03:24+00:00December 11th, 2019|business, ca, CA tax, sales tax|0 Comments

Minimum Wage Raised in City of Petaluma

A local minimum wage raise is coming for employees of the City of Petaluma. Effective Jan. 1, 2020, the hourly minimum wage rate for employers with 26 or more employees will be $15.00, and $14.00 for employers with fewer than 26 employees. By ordinance, the minimum wage must be adjusted annually, based on the Bay Area Consumer Price Index. This ordinance applies to all employees who work two or more hours per week in Petaluma and are covered by state minimum wage law. It doesn’t apply to federal, state or county agencies or school districts. A youth minimum wage rate applies to those who are ages 14 to 17 during the first 160 hours of employment in occupations new to them. If you have any questions, please contact your Linkenheimer CPA.

By Linkenheimer LLP|2020-09-03T20:03:25+00:00December 3rd, 2019|ca, CA tax, california|0 Comments

Affected by the Power Outages? Tax Relief May Be Available.

Some tax relief is available for California taxpayers affected by the frequent power shutoffs that plague the state. The CA Franchise Tax Board is advising taxpayers impacted by the safety-related power blackouts that began in October 2019 that they may be eligible for penalty relief if the penalties are due to the shutoffs. Taxpayers in impacted counties may request penalty abatement upon a showing of reasonable cause. For details, go to https://bit.ly/2PzCN9r and arrow down to “Extended deadlines.” If you have questions about how the shut offs may have affected you or your business with concerns related to tax payments or penalties, please contact your Linkenheimer CPA.

By Linkenheimer LLP|2020-09-03T20:03:29+00:00November 15th, 2019|business, ca, CA tax, california, Fire Relief Info, individuals, tax deadlines|0 Comments

Certain California Residents May Soon Be Contacted By a State Tax Agency

Beginning in late September and during October 2019 the CA Franchise Tax Board (FTB) will be sending 66,500 Notices of Assessment to taxpayers who filed as head-of-household but don’t qualify for that status. Taxpayers who disagree with the Notice of Proposed Assessment may log onto https://bit.ly/2k5JFOs. You may need to create an account. Or, contact the FTB by mail at Franchise Tax Board, PO Box 942840, Sacramento, CA 94240-5340, to file a protest. If you have questions, please contact your Linkenheimer CPA with questions.

By Linkenheimer LLP|2020-09-03T20:03:38+00:00September 18th, 2019|ca, CA tax|0 Comments