Tax Advisory

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, [...]

On November 3, 2020, California voters passed Proposition 19 by a narrow margin.  Proposition 19 enacts significant changes to the State’s property tax laws—some positive and some negative. A [...]

On September 9, 2020, California’s Governor Newsom signed Senate Bill 1447 establishing the Small Business Hiring Tax Credit. This bill provides financial relief to qualified small businesses [...]