On Thursday, April 29th, Governor Newsom signed California Assembly Bill 80 which partially conformed with the Federal tax treatment of PPP loans.
The recent news that the Treasury Department and Internal Revenue Service have extended the upcoming tax filing deadline continues to cause confusion for many people. Therefore, we are posting this important update to help provide more clarity.
With the passage of Proposition 19 and the change of administration in the White House, there is a lot of confusion about real property transfers,.
Proposition 19 goes into effect on February 16, 2021 and the favorable property tax reassessment terms for gifts from parents to children are going to.
In June 2018, the U.S. Supreme Court decided South Dakota v. Wayfair. Since then, businesses that operate in two or more of the nation’s 10,000-plus.
With some tax returns are already on the way for processing, the Internal Revenue Service (IRS) is reminding taxpayers not to forget about the Earned Income Tax.
If you have your business tax payments set to auto-pilot, check those addresses: The IRS is closing business payment P.O. Boxes in the Cincinnati and Hartford.
With tax season in full swing (it kicked off January 27, 2020), the Internal Revenue Service (IRS) has issued a reminder to taxpayers to avoid unethical.
You’ve probably asked friends or colleagues if they can recommend the perfect tax preparer before? Or you’ve been asked for a recommendation? The truth is.
Preparing and filing 1099s is one of those IRS requirements that can really annoy accounting teams, requiring far more hours and effort than they can.
2019 IRA contributions can be made until the tax filing deadline of April 15, 2020. Good news, the contribution limit increased in 2019 by $500 to $6000.
To assist you in gearing up for the coming year, we have provided updated rates and limits for 2020! To download a PDF of.
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California..
These new changes will affect you if you are a representative, partner, or member of a partnership or LLC. Effective for tax years beginning.
In May 2018, California repaid its federal unemployment insurance (UI) loan balance. As a result, in 2018 California employers will receive the full credit against.
A new tax credit is available for employers who provide paid family and medical leave to their employees. Eligible employers may claim the credit, which.
Independent Contactors vs. Employees On April 30, 2018, in the matter of Dynamex Ops. West, Inc. v. Superior Court of Los Angeles, the Supreme.
On June 21, 2018 the US Supreme Court issued a decision that will impact all businesses who sell products or services outside of their home.
Partner in Charge of our Tax Department, Gina Cochetti, CPA, MST, and Senior Manager in our Tax Department, Tyler Willis, CPA, MST, had an article published.
The Tax Cuts and Job Act changed the way tax is calculated and the IRS is encouraging several key groups of taxpayers to perform a.
The individual tax filing deadline is quickly approaching! You must e-file, postmark your individual tax return, or file for an extension by 11:59PM, April 17,.
On December 20, 2017, Congress passed The Tax Cuts and Jobs Act; the first significant item of sweeping tax reform in over 30 years. The.
To assist businesses we have compiled a quick reference guide for 2018 IRS rates and limits. To download a PDF of the guide, click here. To.
When launching a new business, filing your taxes is probably one of the last things on your mind. But it shouldn’t be. Hayashi Wayland.
The IRA’s value as a retirement planning tool is well known: IRA assets compound on a tax-deferred (or, in the case of a Roth IRA,.
Senior Manager in our Tax Department, Tyler Willis, CPA, MST, had an article published in the Fall issue of the Coastal Grower Magazine. Read below to find out.
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly.
Written by Martha Gustavson, CPA, MST, of Hayashi Wayland Short term rentals have long been used as a way for homeowners and vacation homeowners to supplement.
Hayashi Wayland, and Partner in Charge of the Tax Department, Gina Cochetti, have been featured in the July/August 2017 issue of the Western Grower Shipper Magazine. Read.
The Internal Revenue Service has proposed new audit regulations for partnerships and other entities classified as partnerships, such as limited liability companies (LLC’s). These regulations.