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California Tax Updates for 1/7

Update 1:

Employers in California should know the state Employment Development Dept. released CA’s 2022 interest rates on delinquent payroll taxes. For the period of Jan. 1, 2022, through June 30, 2022, the interest rate will be 3% compounded daily (unchanged from 2021). This is the interest rate charged on all overdue taxes, including: Unemployment Insurance; Employment Training Tax; State Disability Insurance and Personal Income Tax withholding. This rate is subject to semiannual adjustment in January and June, based on short-term federal rates. CA’s Unemployment Insurance Code doesn’t allow the interest to be canceled or waived. Contact us with questions or visit this link: https://bit.ly/3dZFFXS

Update 2:

California’s statewide minimum wage rate will rise in 2022. The CA Dept. of Industrial Relations has announced that the statewide hourly minimum wage rate will rise to $15.00 for large employers (with at least 26 employees) and to $14.00 for smaller employers. In 2016, CA law required the state […]

By Linkenheimer LLP|2022-01-07T20:29:29+00:00January 7th, 2022|CA tax|0 Comments

California Tax Updates for June 18

Post 1:

Have you wondered what the California Taxpayers’ Rights Advocate actually does? The CA Dept. of Tax and Fee Administration just released a report highlighting the accomplishments of the Taxpayers’ Rights Advocate’s Office (TRAO). The annual report for 2018 through 2019 gives examples of the services it provides, and information about the tax appeals assistance programs. Also listed are the goals of the Advocate, including a primary goal of ensuring that taxpayers contacting the office with issues that haven’t been resolved through normal channels have their concerns promptly and fairly addressed. Here’s the TRAO report: https://bit.ly/37cwSxS

Post 2:

California sales and use tax deadlines are coming up soon. The CA Dept. of Tax and Fee Administration (CDTFA) reminds sales and use taxpayers that June 24, 2020, is the filing due date for the May 1 through June 15, 2020 prepayment; and June 30, 2020, […]

By Linkenheimer LLP|2020-09-03T20:02:28+00:00June 18th, 2020|business, ca, CA tax, california, sales tax|0 Comments

California Tax Updates for May 7th

Update 1:

Are you selling goods in California? Now that so many people are looking for alternate ways to make an income due to the novel coronavirus (COVID-19) pandemic, selling goods from home is attracting a lot of people. Depending on the details, you may need a seller’s permit. The CA Dept. of Tax and Fee Administration (CDFTA) has issued an updated publication entitled “Do You Need a CA Seller’s Permit?” Generally, if you make three or more sales in a 12-month period, you are required to have a seller’s permit, even if the sales were made through internet auctions houses or websites or offered through online classified ads. Here’s more from the CDFTA: https://bit.ly/353Cd9v

Update 2:

San Francisco will require public health emergency leave for some employees during the novel coronavirus (COVID-19) pandemic. The federal Families First Coronavirus Response Act provides sick leave to employees who are unable to work or telework […]

By Linkenheimer LLP|2020-09-03T20:02:59+00:00May 7th, 2020|business, employer|0 Comments