RogerRossmeisl

SEPTEMBER 26, 2021

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers. The post California Main Street Small Business Tax Credit II Begins 11/1/21 appeared first on Roger Rossmeisl, CPA.

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Maine California business tax Tax 230

RogerRossmeisl

JANUARY 14, 2021

The post California 1099-NEC Filing Requirements appeared first on Roger Rossmeisl, CPA. Nonemployee compensation may be subject to backup withholding if a payee has not provided a taxpayer identification number to the payer or the IRS notifies the payer that the TIN provided was incorrect PDF.

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California tax return CPA Tax 214

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.

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California New York accounting firms Account 111

RogerRossmeisl

NOVEMBER 17, 2020

The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a new small business hiring credit (SBHC) for small businesses impacted by economic disturbances in 2020. The post California Small Business Hiring Credit FAQs appeared first on Roger Rossmeisl, CPA.

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California income tax Maine CPA 162

CPA Practice

NOVEMBER 15, 2024

Top 30 accounting firm Aprio has entered the Southern California market by adding Kirsch Kohn & Bridge (KKB), a full-service CPA and advisory firm in Woodland Hills, CA. The Woodland Hills location marks Aprio’s third California office. Financial terms of the deal, which closed on Nov. 1, weren’t disclosed.

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California Real Estate Construction Manufacturing 52

RogerRossmeisl

DECEMBER 24, 2020

With the prospect that ordinarily tax deductible business expenses will still be deductible if they were paid for with forgiven PPP loan funds contained in the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, attention turns to the California treatment of same. This is Blog Post #943).

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California CPA Tax business tax 147

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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California CPA cpa firm business tax 130

Withum

JANUARY 16, 2025

However, two pieces of legislation, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s Climate Corporate Data Accountability Act (SB 253), are emerging as game-changers in the ESG landscape in the United States. companies with EU operations. Global Alignment: The CSRD is pushing U.S.

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California cpa firm Government Gaming 59

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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California income tax Tax business tax 125

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% The post Why What an S Corp Shareholder Receives and Reports is Different appeared first on Roger Rossmeisl, CPA. entity-level tax). Similarly, if an S corporation has a loss, the loss.

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income tax CPA California Tax 246

RogerRossmeisl

NOVEMBER 28, 2021

The post Recent FTB Clarifications on Pass-Through Entity Tax (AB-150) appeared first on Roger Rossmeisl, CPA. Recent pass-through entity (PTE) tax (AB-150) clarifications from the Franchise Tax Board (FTB) underscore that detailed planning is critical when considering this credit. For calendar-year taxpayers, that is March 15, 2022.

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CPA Practice

NOVEMBER 6, 2024

Top 70 accounting firm Aldrich is venturing into the Spokane and Coeur d’Alene area in the Inland Northwest after acquiring HMA CPA, an accounting firm based in Spokane, WA. across Oregon, California, Colorado, Utah, and Washington. Financial terms of the deal weren’t disclosed.

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Washington CPA Utah Oregon 52

Withum

MARCH 18, 2025

Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities. Withum congratulates Anni Chen on this remarkable achievement.

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CPA cpas public accounting Illinois 59

RogerRossmeisl

MAY 23, 2022

The statute of limitations is generally three years after you file your return (four years for California). The post Issues to Consider After Your File Your Tax Return appeared first on Roger Rossmeisl, CPA. So you can generally get rid of most records related to tax returns for 2018 and earlier years. (If

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tax return Tax California audit 244

RogerRossmeisl

FEBRUARY 28, 2022

In 2021 California passed AB 150, which provides that, in the taxable years 2021-2025, a so-called “qualified entity” (a S corporation, partnership, or LLC taxed as a partnership or S corporation) to make an election to pay a new pass-through entity (PTE) elective tax equal to 9.3% Previously, there was no limit.

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CPA Practice

SEPTEMBER 11, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The California Society of Certified Public Accountants or CalCPA recently named Meredith Johnson, CP A and a partner at BPM LLP the new chair of the CalCPA Board of Directors.

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CPA Wisconsin North Carolina Iowa 111

MyIRSRelief

FEBRUARY 1, 2022

For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice. A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. Question #1: What do CPA’s offer to me as a business owner.

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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%. There are 3 different types of tax representatives: Certified Public Accountant (CPA) – they are state licensed to offer public accounting services.

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tax services California Tax tax preparation 147

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 16, 2024

Founded in 1957, Seiler has offices in Redwood City, San Francisco, San Jose, and Walnut Creek in California. Milner was the longtime managing partner of Squar Milner, a CPA firm that Baker Tilly acquired in 2020. As part of the deal, Marinos will become Baker Tilly’s Western U.S. Baker Tilly announced on Feb. billion.

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California cpa firm CPA accounting and finance 105

Going Concern

SEPTEMBER 27, 2023

Once again @profjackc has tweeted a very important reminder for current CPA exam candidates and once again we’re here signal boosting said reminder because it’s important information. The post CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever appeared first on Going Concern.

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CPA Practice

MAY 18, 2023

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

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CPA institute of chartered accountants North Dakota chartered accountant 128

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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New York California North Carolina South Carolina 125

CPA Practice

OCTOBER 18, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. He will now put his international experience to work at the state level, where he looks forward to working in service of the CPA profession in Florida. She holds a B.S.

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CPA Non-Profits cpas Washington 110

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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California accounting and finance Government Finance 119

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

CPA Practice

JULY 31, 2023

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license.

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CPA Practice

DECEMBER 18, 2024

A grand jury in San Diego has returned an indictment unsealed charging a California attorney with tax evasion, filing a false tax return and failing to file tax returns with the IRS.

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California Tax tax return income tax 98

CPA Practice

SEPTEMBER 11, 2023

Biz2Credit and CPA.com have updated the CPA Business Funding Portal , a cloud-based platform that helps accounting firms secure financing on behalf of their clients, to reflect the Small Business Administration (SBA)’s new lending regulations announced on Aug. He has guided us towards a financial path that is making this possible.

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CPA accounting and finance accounting firms Finance 105

RogerRossmeisl

NOVEMBER 6, 2020

The general rules At minimum, you should keep tax records for as long as the IRS has the ability to audit your tax return or assess additional taxes, which generally is three years after you file your return (four years for California). appeared first on Roger Rossmeisl, CPA. The post What Tax Records Can You Throw Away?

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Tax tax return California audit 190

CPA Practice

AUGUST 9, 2023

Military retirees residing in California potentially pay more taxes on their military retirement pay than they would in other states. That’s because California is the only U.S. But proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.

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California Tax income tax Nevada 98

Accounting Today

MARCH 26, 2025

The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state's climate risk disclosure rules.

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California CPA Account accountant 71

RogerRossmeisl

APRIL 17, 2021

The California Department of Tax and Fee Administration (CDTFA) has updated Publication 34 (Motor Vehicle Dealers), to include 2020 legislation that, effective 1/1/2021, imposes new reporting and payments requirements on certain used vehicle dealers. Publication 34 is designed to help motor vehicle dealers understand California’s.

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California CPA Sales Tax 147

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).

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California Construction Real Estate Healthcare 110

TaxConnex

SEPTEMBER 22, 2020

For example, California at the state level does not tax VoIP, but various cities in California apply a local utility users tax to VoIP. It’s often best to consult with your CPA or a tax expert for particulars because noncompliance or errors can end in hefty penalties and fees.

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Tax California auditor Sales 246

RogerRossmeisl

MAY 20, 2021

This means that many workers previously classified as independent contractors are now employees under California law and you must withhold California income and payroll taxes, and meet California’s minimum wage and overtime requirements.

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payroll tax California payroll CPA 147

TaxConnex

MARCH 1, 2022

Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes. It’s that time of year again when everyone suddenly thinks about preparing their income taxes.

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South Dakota Sales West Virginia Tax 246