Service Areas

New Sales and Use Tax Rate Changes as of April 1, 2021

April 16, 2021 | Business Services, Firm News, Sales Tax

On April 1, 2021, the sales and use rate tax rate changed in Monterey County and many of the cities incorporating Monterey County. The tax rate changes listed below apply only within the indicated city or county limits.

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Proposition 19? Step up in basis? What are these and will they affect me?

February 9, 2021 | Estates & Trusts, Income Tax, Industry News

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,.

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Proposition 19 Goes Into Effect February 16, 2021

January 19, 2021 | Estates & Trusts, Income Tax, Industry News

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.

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Understanding Sales Tax in the Post-Wayfair World

February 24, 2020 | Business Services, Firm News, Income Tax, Wine, Winery and Vineyard

  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.

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IRS Is Closing Some Business Payment P.O. Boxes

February 6, 2020 | Business Services, Firm News, Income Tax, Service Areas

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.

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Estate Planning Through the Years

January 27, 2020 | Estates & Trusts, Firm News

  Virtually everyone needs an estate plan, but it isn’t a one-size-fits-all proposition. Even though each person’s situation is unique, general guidelines can be drawn.

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5 Tips for Small Businesses to Save Time in the New Year

January 22, 2020 | Business Services, Firm News, Owner Managed Businesses, Service Areas

Most small businesses have innovative ideas and expert staff who are ready to carry them out. What they don’t have is time—time to develop the.

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The 1,099 Hassles of 1099s

January 14, 2020 | Business Services, Firm News, Income Tax, Nonprofit Organizations, Owner Managed Businesses, Service Areas

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.

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2019 IRA Contributions Can Still Be Made

January 8, 2020 | Estates & Trusts, Firm News, Income Tax

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.

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2020 IRS Rates and Limits

December 31, 2019 | Business Services, Firm News, Income Tax

To assist you in gearing up for the coming year, we have provided updated rates and limits for 2020!   To download a PDF of.

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Tips to Avoid Common Payroll Challenges

August 30, 2019 | Business Services, Firm News, Owner Managed Businesses

  Running payroll is one of the most important responsibilities of any business owner, but it doesn’t have to be the most stressful. Here’s a few.

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California Competes Tax Credit

August 16, 2019 | Business Services, Firm News, Income Tax, Other, Owner Managed Businesses, Service Areas

  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..

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FASB Gives Private Companies Breathing Room on Lease Accounting

August 13, 2019 | Firm News, Nonprofit Organizations, Service Areas

FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards. The Financial Accounting Standards.

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Are you worried about your financial plan?

May 7, 2019 | Estates & Trusts, Firm News, Other

  Do I have enough to retire?   Am I on track with meeting my financial goals?   Are my investments aligned with my aspirations?.

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California Repays Federal Unemployment Insurance Loan

December 3, 2018 | Business Services, Firm News, Income Tax

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.

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California Independent Contractors

November 20, 2018 | Business Services, Firm News, Income Tax, Owner Managed Businesses, Service Areas

Independent Contactors vs. Employees   On April 30, 2018, in the matter of Dynamex Ops. West, Inc. v. Superior Court of Los Angeles, the Supreme.

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U.S. Supreme Court Decision Changes Sales Tax for Businesses Selling Out-of-State

June 26, 2018 | Business Services, Firm News, Income Tax, Wine

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.

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How You Are Impacted By Tax Reform

December 21, 2017 | Firm News, Income Tax, Owner Managed Businesses, Service Areas

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.

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2018 IRS Rates and Limits

December 18, 2017 | Business Services, Firm News, Income Tax, Wine

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.

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The stretch IRA: A simple yet powerful estate planning tool

October 25, 2017 | Estates & Trusts, Firm News, Income Tax

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,.

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Have you properly funded your revocable trust?

October 11, 2017 | Estates & Trusts, Firm News, Income Tax, Service Areas

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly.

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Asset valuations and your estate plan go hand in hand

June 7, 2017 | Estates & Trusts, Income Tax, Industry News

If your estate plan calls for making noncash gifts in trust or outright to beneficiaries, you need to know the values of those gifts and.

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Worried about challenges to your estate plan? Make it no contest

May 30, 2017 | Estates & Trusts, Firm News

Estate planning is all about protecting your family and ensuring that your wealth is distributed according to your wishes. So the idea that someone might.

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Acquaint Yourself With The Roth IRA As An Estate Planning Tool

April 26, 2017 | Estates & Trusts, Industry News

A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as it exists and requiring no distributions.

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Look At Your Employees With Cybersecurity In Mind

April 26, 2017 | Agriculture, Business Services, Industry News, Other, Owner Managed Businesses

  Today’s businesses operate in an era of hyper-connectedness and, unfortunately, a burgeoning global cybercrime industry. You can’t afford to hope you’ll luck out and.

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Will your favorite charity accept your donation?

April 20, 2017 | Estates & Trusts, Industry News

If your estate plan includes charitable donations, be sure to discuss any planned gifts with the intended recipients before you finalize your plan. This is.

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The Ins and Outs of Holding Joint Title to Property

April 11, 2017 | Estates & Trusts, Industry News, Other, Service Areas

Owning assets jointly with one or more children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it can produce unintended.

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Choosing the Right Lender

April 11, 2017 | Agriculture, Business Services, Income Tax, Industry News, Other, Owner Managed Businesses

It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the.

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Direct Tuition Payments Benefit Your Grandchild and Your Estate Plan

March 23, 2017 | Estates & Trusts, Income Tax, Industry News, Other

Grandparents often want to play a role in financing their grandchildren’s education. If you’re one of them, it’s important to consider the impact that different.

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Listen and Trust: The Power of Collaborative Management

March 15, 2017 | Business Services, Industry News, Other, Owner Managed Businesses

Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions..

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