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California Storm Victims Qualify for Extended Tax Filing Deadlines

RogerRossmeisl

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The post California Storm Victims Qualify for Extended Tax Filing Deadlines appeared first on Roger Rossmeisl, CPA.

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May 15 Tax Deadline Extended to October 16 for California Disaster Area Taxpayers

RogerRossmeisl

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas.

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California AB-150 Provides SALT Cap Work-Around

RogerRossmeisl

On 7/16/2021, Governor Newsom signed into law AB-150, which provides a means by which certain pass-through entities (Qualified Entities) can make an election to pay California income tax (at the entity-level) on behalf of their owners, for which their consent must be given. Curiously the IRS has approved.

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Update- California PPP Tax Conformity

CapataCPA

Update- California PPP Tax Conformity Although it is no secret that California has yet to release information on whether or not it will partially conform state tax code to the current federal tax rules regarding forgiven Paycheck Protection Program (PPP) loans, CalCPA has shared why the delay is taking place.

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California Main Street Small Business Tax Credit II Begins 11/1/21

RogerRossmeisl

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. Small Business Tax Credit. The credits are reserved on a first-come, first-served basis.

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Eide Bailly to Merge in California CPA Firm Raimondo Pettit

CPA Practice

Top 20 accounting firm Eide Bailly is growing its presence in Southern California by combining with Torrance, CA-based Raimondo Pettit Group. I am excited to see how we can excel as one firm,” said Eide Bailly CEO and Managing Partner Jeremy Hauk. Eight of those 43 offices are in California.

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Baker Tilly to Acquire Top 100 Firm Seiler in California

CPA Practice

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. billion.