MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. For businesses in Whittier, California, engaging a tax professional who understands the intricacies of federal and state tax codes is crucial.

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California tax services business tax Tax 130

BurklandAssociates

OCTOBER 9, 2024

California’s new tax laws limit NOL deductions and tax credits for startups, raising potential tax burdens. The post Significant Tax Changes for California Startups Beginning in Tax Year 2024 appeared first on Burkland. Here’s what founders need to know to stay ahead.

California 147

California Tax 147

Withum

JULY 10, 2024

In California, net operating losses can be carried forward for 20 years. The loss suspension does not apply if either the net business income or modified AGI subject to California tax is less than $1 million. Let’s Chat The post California Suspends NOLs and Limits Credit Utilization appeared first on Withum.

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MyIRSRelief

OCTOBER 28, 2022

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. The board uses several methods to collect owed taxes. Yee (State Controller). Final Thoughts.

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California audit Tax income tax 130

Accounting Today

MARCH 19, 2024

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.

California 119

California Tax 119

MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. The Role of Tax Relief Services Tax relief services in Whittier, California, specialize in addressing these challenges, offering a range of solutions tailored to individual and business needs.

California 130

California Tax tax return payroll 130

RogerRossmeisl

NOVEMBER 26, 2023

California AB 2280 established a new Unclaimed Property Voluntary Compliance Program that waives interest for taxpayers who voluntarily come into compliance with unclaimed property reporting requirements. The post Unclaimed Property Voluntary Compliance Program Now Available in California appeared first on Roger Rossmeisl, CPA.

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CPA Practice

MARCH 4, 2024

In October 2023, California became the first state to pass regulations for reporting greenhouse gas emissions (GHGs). companies that do business in California (not just those with a physical presence in California). companies that do business in California (not just those with a physical presence in California).

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CPA Practice

JULY 5, 2024

Rob Nikolewski The San Diego Union-Tribune (TNS) As tensions mount between the petroleum industry in California and state policymakers, the cost of a gallon of gasoline just got a smidge more expensive this week. Monday marked the start of the new fiscal year and California’s state excise tax on gasoline increased 1.7 cents per gallon.

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California Tax Transportation Alaska 98

CPA Practice

OCTOBER 12, 2023

Retail sales of guns and ammunition will soon be subject to a new state excise tax in California. California firearms and ammunition excise tax requirements As set forth in AB-28 , the excise tax is imposed on licensed firearms dealers, firearms manufacturers, and ammunition vendors. By Gail Cole. Are guns taxed in other states?

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California Sales Tax Pennsylvania 124

CPA Practice

MAY 8, 2023

That idea is supported by migration data, recently released by the IRS, showing that taxpayers are leaving notoriously high-tax states like California and New York and choosing to live instead in low-tax states. New York and California gained some residents, but far fewer than the numbers lost. Census Bureau.

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MyIRSRelief

JANUARY 26, 2024

However, getting an OIC accepted by the California Franchise Tax Board (FTB) can be a complex and challenging process. According to the California Revenue and Taxation Code Section 19443, the FTB may approve an OIC when it is in the best interest of the state.

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California Tax tax return 130

MyIRSRelief

OCTOBER 3, 2022

The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. The California state sales tax rate is currently 6%. According to the IRS, in 2019, Los Angeles county residents had 4,806,030 total 1040 tax returns. This is the total of state and county sales tax rates.

tax services 147

tax services California Tax tax preparation 147

CPA Practice

FEBRUARY 6, 2023

By Samantha Gowen, Los Angeles Daily News (TNS) Tax filers in California who got a Middle Class Tax Refund and a corresponding 1099 form should wait to file their federal tax returns, the IRS said last Friday. California has sent out 6.4 The IRS, now two weeks into tax season, issued a statement Feb.

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California Tax tax return tax preparation 122

MyIRSRelief

JULY 1, 2022

You need an expert in tax preparation services in Santa Fe Springs in California to enable your business to find the appropriate tax resolution and get help. We are a firm with experts in auditing and resolving IRS issues, we can help you find solutions to your tax problems. Call us today at 562-204-6700.

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tax preparation California Tax bookkeeping 130

CPA Practice

MARCH 26, 2024

The Bay Area and California both lost thousands of jobs during February, a disquieting report that raises questions about the strength of the economy in the state and this region. The Bay Area continues to be the epicenter of job loss in California,” said Scott Anderson, chief U.S. By George Avalos, The Mercury News (via TNS).

California 110

California Construction Real Estate Healthcare 110

CPA Practice

NOVEMBER 13, 2024

As part of the deal, New York City-based Citrin Cooperman gains two partners and more than 65 professionals while expanding its presence in Southern California. Financial terms of the deal weren’t disclosed.

California 111

California New York accounting firms Account 111

Withum

JANUARY 12, 2023

For more information about the IRS’ relief provisions for California taxpayers affected by this winter’s storms, please see IRS CA-2023-02 and IRS Alert IR-2023-03. The post IRS Announces Tax Relief for California Taxpayers Affected by Winter Storms appeared first on Withum. Contact Us. Let’s Chat.

California 122

California Tax tax return payroll tax 122

RogerRossmeisl

OCTOBER 8, 2020

I’m Roger Rossmeisl, a senior partner with Kho & Patel CPAs with offices in Southern California. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business. we need to talk. or a seasoned automotive veteran looking to make a change to an Automotive CPA that understands your business.

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CPA cpa firm California cpas 246

MyIRSRelief

JUNE 28, 2024

The California Franchise Tax Board (FTB) conducts audits to ensure compliance with state tax laws and to verify the accuracy of tax returns. In California, EAs can also represent taxpayers before the FTB. Tax audits can be a daunting experience for any taxpayer.

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audit California Tax tax return 130

Accounting Today

MARCH 16, 2024

Private equity-backed platform Ascend has added a new member firm in San Diego, LevitZacks.

California 119

California 119

Accounting Today

OCTOBER 31, 2023

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

California 126

California Tax 126

Withum

FEBRUARY 27, 2023

Let’s Chat The post IRS Extends Deadline for California Taxpayers Impacted by Natural Disasters appeared first on Withum.

California 119

California tax return Nevada payroll 119

KROST

JULY 3, 2024

Following up on our article from last Thursday, there has been a major update for restaurants in the wake of California Senate Bill 478. The Bill, which went into effect on Monday, was set to outlaw surcharges or “hidden junk fees” from businesses, including food and beverage vendors in the state of California.

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California Non-Profits Hospitality 82

TaxConnex

OCTOBER 7, 2021

California has presented to the governor for his signature AB 1402 , which requires marketplace facilitators to register, collect and remit specified fees on the retail sale of tangible personal property in the state. The gross sales tax take finished 15.9% over August 2020; income tax collections were up 13.9%. State Updates.

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West Virginia Sales Alaska Tax 246

CPA Practice

MAY 16, 2024

Founded in 1957, Seiler has offices in Redwood City, San Francisco, San Jose, and Walnut Creek in California. The firm is also a member of HLB International, a global network of independent accounting and advisory firms with offices in more than 160 countries and jurisdictions.

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California cpa firm CPA accounting and finance 105

KROST

JULY 9, 2024

Here are the current property tax exemptions available in California: 1. Homeowners’ Exemption The California Constitution provides for the exemption of $7,000 in assessed value from property tax assessment of any property owned and occupied as the owner’s Read the full article.

California 79

California Tax 79

TaxConnex

MARCH 31, 2022

In a primer entitled “California Use Tax, Good for You. Good for California,” the Golden State says that those with a California seller’s permit must pay the use tax due on business related purchases with their sales and use tax return. California state income tax return.”. Still, you ignore it at your peril.

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Alabama Tax Washington California 246

CPA Practice

MARCH 8, 2024

Susana Guerrero SFGate, San Francisco (via TNS) California has a newly appointed Fast Food Council ahead of a state law that will increase the hourly pay for fast food workers to $20 on April 1. On Friday, Gov. When asked about the bakery exception by KCRA, Newsom said, “That’s part of the sausage-making.”

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California 98

TaxConnex

JANUARY 5, 2021

States like Georgia, will accept the retailer’s home state resale exemption certificate while California requires a California resale exemption certificate. States similar to California present a challenge as the only way to provide a valid resale exemption certificate is to register for sales tax purposes in the state.

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Sales Tax Manufacturing California 246

CPA Practice

SEPTEMBER 11, 2024

William Melhado The Sacramento Bee (TNS) Delayed spending and a lack of oversight threaten to disrupt a $100 million grant program run by the Department of Cannabis Control intended to help businesses secure state licenses, a recent report by California State Auditor found. The Legislature approved the four-year grant program in 2021.

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California auditor audit Legal 76

TaxConnex

NOVEMBER 11, 2021

California Gov. Gavin Newsom has signed AB 1402 , which amends California’s sales and use tax law to require marketplace facilitators to register, collect and remit certain fees on the retail sale of various items of tangible personal property sold in the state. State Updates. The law takes effect on Jan.

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Sales E-commerce Tax Illinois 49

KROST

AUGUST 22, 2024

The post Licenses and Permits Required for Operating a Restaurant in California: An Overview appeared first on KROST. One part of it is getting all the proper licenses and permits required to legally open and operate the business in the state, county and city it is located in. We are providing an overview of some of Read the full article.

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California Legal Non-Profits Hospitality 76

Accounting Today

JANUARY 12, 2024

Hunter Biden may face trial this summer in the middle of his father's election campaign after pleading not guilty to charges that he failed to pay taxes on millions of dollars in income from foreign businesses.

California 122

California Tax 122

TaxConnex

AUGUST 5, 2021

announced last year that it would start collecting local utility and communications taxes in California, New York, Maryland, and Virginia. Zoom Video Communications Inc. The specific taxes and their rates vary depending on the state and locality in which the user is located.

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Maryland Virginia New York California 246

TaxConnex

SEPTEMBER 7, 2021

Origin based states Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. California is a “hybrid-origin” state that applies certain state and local taxes based on the origin of a transaction but also applies certain district level sales taxes based on the destination. Most states and Washington, D.C.,

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Texas Connecticut Real Estate Pennsylvania 237

RogerRossmeisl

MARCH 28, 2022

Unlike a regular or C corporation, an S corporation generally isn’t subject to income tax (California does charge a 1.5% But before explaining those rules, be assured you that when you are taxed on undistributed income, you won’t be taxed again if and when the income ultimately is paid to you. entity-level tax).

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income tax CPA California Tax 228