Industry News

Deadline Extended written in notebook

Extended Tax Deadline and Upcoming Tax Payments Due

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.

Calendar with pin on May 17 - Tax Day

Tax Day for Individuals Extended to May 17, 2021

The Department of the Treasury and IRS announced yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be extended from April 15, 2021, to May 17, 2021.

Hayashi Wayland Covid-19 News Update on a cell phone

Covid-19 Resources and Updates

At Hayashi Wayland, the health and safety of our people, their families, our clients and our communities are of critical importance to us.  We are closely monitoring information from the Centers for Disease Control (CDC) and local health departments to help ensure that we are taking appropriate precautions to ensure everyone’s safety while continuing to provide continuous service.

Nonprofit in a heart shape graphic

Answering Your 990 And Gala Questions In Light Of COVID-19

With the new challenges facing our communities each day I wanted to provide a little clarity around some of the questions that we are getting from local exempt organizations that are working to address the changing environment on all fronts.

woman working on a laptop

The Status Of NOLS Following The TCJA And California A.B. 91

The Tax Cuts and Jobs Act (TCJA) has officially been in place for two years now. It lowered the corporate income tax rate from 35% to 21% and provided a 20% deduction for qualified business income (QBI). However, the law also instituted new changes regarding net-operating loss (NOL) carryback and carryforward rules.

woman typing on laptop

The 1,099 Hassles of 1099s

While there probably aren’t quite 1,099 hassles to 1099 preparation, it certainly can feel like it when you’re scrambling to get them all prepared and filed on time.

someone holding $100 bills

California Competes Tax Credit

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.

barrels of wine

California Sales Tax Change

In April of 2019, California Governor Gavin Newsom signed a bill that drastically changed the required collection and filings of sales tax for California wineries.