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California Tax Updates for 3/24
Update 1: Two more California cities, Pomona and Santa Ana, have adopted Hero Pay Ordinances to give extra pay to certain workers...
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California Tax Updates for July 2nd
Post 1: Businesses that hold unclaimed property in California get extra time to file reports. Due to COVID-19, the CA State Controller...
Fortunate Enough To Get A PPP Loan? Forgiven Expenses Aren’t Deductible
The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan....
The CARES Act Liberalizes Net Operating Losses
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s...
Relief From Not Making Employment Tax Deposits Due To COVID-19 Tax Credits
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable...
Penalties For Late Property Tax Payments In California Will Be Waived
Due to the coronavirus (COVID-19) pandemic, penalties and other charges for late property tax payments in California will be waived. The CA...
