california - Linkenheimer LLP CPAs & Advisors

California COVID-19 Tax Updates and the WARN Act

Update 1

An important employment law, the WARN Act, is suspended in California for now. The WARN Act requires employers with 75 or more employees to provide 60 days’ written notice of a mass layoff, relocation or termination affecting 50 or more employees. CA Governor Gavin Newsom has issued an executive order suspending the law in light of the coronavirus (COVID-19) pandemic. Per the order, businesses must still provide employees with written notice, but are not subject to the 60-day advanced notice. Employers must give as much notice as practicable and must contain a brief statement that the termination is COVID-19-related. Here’s more: https://bit.ly/3aizZVA

Update 2

California Governor Gavin Newsom recently issued an executive order on the coronavirus (COVID-19) including certain tax relief. His order suspends interest and penalties for individuals and businesses who are unable to file a timely tax return or make timely payments due to compliance with COVID-19 guidance. Suspension […]

By Linkenheimer LLP|2020-09-03T20:03:11+00:00April 1st, 2020|california, employer, filing deadline, New Tax Laws|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

Some California Employers in Sonoma and Los Angeles Counties Get Extra Time for Tax Responsibilities

Some California employers in Sonoma and Los Angeles Counties get extra time for tax responsibilities, says the CA Employment Development Dept. (EDD). Those employers who were directly affected by the Kincade and Tick fires, which began on Oct. 23, may request up to a 60-day extension of time from the EDD to file their state payroll reports and deposit payroll taxes without penalty or interest. To get an extension, a written request from the employer must be received within 60 days from the original delinquent date of the payment or return. Please contact your Linkenheimer CPA with questions or for more info: https://bit.ly/331PygJ

By Linkenheimer LLP|2020-09-03T20:03:31+00:00November 6th, 2019|business, california, employer, Fire Relief Info, relief, tax, tax deadlines|0 Comments

California Franchise Tax Board has Launched New Website

A new California state website just went live, with new features. As the CA Franchise Tax Board announced not long ago, its new website went live on Sunday, June 23. The site focuses on tasks, instead of customer types (individuals, businesses, tax professionals). Now that the site is up and running, you may use it to request forms online. According to Frequently Asked Questions about the site, 95% of the content that was on the old website will still be there, but forms from before 2007 will be gone. Interested parties can obtain older forms through an online process. For more info: https://bit.ly/2F1PKjW

By Linkenheimer LLP|2020-09-03T20:03:52+00:00June 26th, 2019|CA tax, california, ftb|0 Comments