Tax Advisory

The Corporate Transparency Act (CTA) was enacted by Congress on January 1, 2021, and will be effective as of January 1, 2024, bringing additional reporting requirements for US entities to report [...]

As we enter the 2024 tax year, there are a few important tax law changes that we’d like to bring to your attention: Bonus Depreciation –Federal bonus depreciation allows for accelerated deduction [...]

For entities to have the opportunity to participate in the California Passthrough Entity Tax (PTE) program for 2022, please be advised that a partial payment must be made by June 15, 2022.  [...]

California Assembly Bill No. 150 enacted on July 16, 2021 provided many amendments and changes to the state’s Revenue and Taxation Code. Among these changes under Part 10.4 Small Business Relief [...]

California Assembly Bill No. 80, enacted on April 29, 2021, allows for the deduction of expenses paid with forgiven Paycheck Protection Program (PPP) debt. To qualify for the deduction of [...]

On June 17, 2021, The U.S. Supreme Court made the decision to uphold the Affordable Care Act (ACA). Several states, including Texas, looked to challenge the ACA mandate in the court of law. The [...]

The Internal Revenue Service has announced that it will extend the 2020 individual tax filing due date from April 15, 2021 to May 17, 2021. This will grant taxpayers an additional month to file [...]

The recently signed American Rescue Plan Act of 2021 provides tax relief for both individuals and employers as the country continues to recover from the COVID-19 pandemic. Below, we will go [...]

On December 27, 2020 President Trump signed The Consolidated Appropriations Act, 2021. This Act includes extensions on some of the provisions of earlier COVID-19 relief bills and initiates a [...]

California Governor Gavin Newsom has announced a grant of $500 million for small businesses and nonprofits that were impacted by COVID-19 and health and safety regulations. Through January 8, [...]