DKC News & Views

On March 29, 2022 the House of Representatives passed H.R. 2954 which is commonly referred to as the SECURE Act 2.0. Currently, this bill is being debated in the Senate and it is unclear which [...]

As of September 29, 2016, the California legislature passed Senate Bill 1234 mandating employers to provide retirement plans for their California employees. The implementation of this legislation [...]

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.  [...]

AB 150: Passthrough Entity Elective Tax Update As an update to our newsletter issued earlier this month, there has now been a bill signed by California Governor Gavin Newsom (Senate Bill 113) [...]

As an update to our newsletter issued in late August, there have been some clarifying publications issued by the California Franchise Tax Board in connection with making the Passthrough Entity [...]

The tax deadline to submit 2021 tax returns and payments (or an extension to file) is Monday, April 18, 2022 for both the IRS and California Franchise Tax Board. Taxpayers requesting an extension [...]

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 [...]