unemployment - Linkenheimer LLP CPAs & Advisors

California Tax Updates for June 30th

Update 1:

Local minimum wages in several California areas will increase on July 1, 2021. The per hour rates include the following: Berkeley ($16.32); Emeryville ($16.97); Fremont ($15.00 for small employers, $15.25 for large employers); Long Beach ($15.69, and for concessionaire workers $15.32); Los Angeles City ($15.00, and $17.65 for hotel workers); Los Angeles County ($15.00 for small employers); Malibu ($15.00 for small and large employers); Milpitas ($15.65); San Francisco ($16.32); Santa Monica ($15.00 for small employers and $17.64 for hotel workers).

Update 2:

On July 11th, Californians receiving unemployment benefits will again be required to search for work. The CA Employment Development Department (EDD) is currently sending notices to claimants to inform them of the reinstatement of this requirement. The search for work has been a mandatory part of the unemployment insurance program since its inception but has been suspended during the pandemic. As of July 11th, most claimants will again need to be able to search for work to maintain eligibility. […]

By Linkenheimer LLP|2021-07-02T17:25:28+00:00July 2nd, 2021|business, CA tax, california|0 Comments

Tax Implications Of Working From Home And Collecting Unemployment

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations.

1. Working from home.

Many employees have been told not to come into their workplaces due to the pandemic. If you’re an employee who “telecommutes” — that is, you work at home, and communicate with your employer mainly by telephone, videoconferencing, email, etc. — you should know about the strict rules that govern whether you can deduct your home office expenses.

Unfortunately, employee home office expenses aren’t currently deductible, even if your employer requires you to work from home. Employee business expense deductions (including the expenses an employee incurs to maintain a home office) are miscellaneous itemized deductions and are disallowed from 2018 through 2025 under the Tax Cuts and Jobs Act.

However, if you’re self-employed and work out of an office in your home, you can be eligible to claim home […]

By Linkenheimer LLP|2020-09-15T21:42:10+00:00September 15th, 2020|cares act, deduction, deductions, New Tax Laws|0 Comments

California Tax News Related to Wildfires

Tax relief is available for California employers in counties hit by recent wildfires. The CA Employment Development Dept. (EDD) has announced that employers in Butte, Los Angeles and Ventura counties directly affected by the Camp, Hill and Woolsey fires may request up to a 60-day extension of time from the EDD to file their state payroll reports and deposit state payroll taxes without penalty or interest. Written extension requests must be received within 60 days from the original delinquent date of the payment or return.

Due to a presidential disaster declaration, some victims of California’s recent wildfires may qualify for federal Disaster Unemployment Assistance (DUA). DUA provides temporary unemployment assistance to eligible individuals whose work or self-employment has been interrupted due to a major disaster and who also meet certain other conditions. This applies to losses in CA from the Camp, Hill, and Woolsey fires. Eligible persons may receive up to $450 per week for up to 27 weeks. The deadline to file is 12/14/18. If you have any questions, please contact your Linkenheimer CPA. For more info […]

By Linkenheimer LLP|2020-09-03T20:04:26+00:00November 21st, 2018|CA tax, california, disaster|0 Comments