man holding Employee Retention Credit form

Employee Retention Credit Guidelines

The second round of COVID relief was passed last month as part of the Consolidated Appropriations Act (CAA). This new Act enhances and extends the Employee Retention Credit (ERC) and now allows employers who previously received a PPP loan, to retroactively claim the credit as well by amending previously filed 941’s.

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.

receipts and a calculator

COVID-19 Extensions to File and Pay Sales Tax

According to the California Department of Tax Fee Administration, returns due between December 15, 2020, and April 30, 2021, for all but the largest taxpayers, will be extended.

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.

man holding credit card and typing on laptop

Understanding Sales Tax in the Post-Wayfair World

Since June 2018, businesses that operate in two or more of the nation’s 10,000-plus tax jurisdictions have been struggling to understand what they need to do to comply with the new definition of economic nexus.


IRS Is Closing Some Business Payment P.O. Boxes

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 areas beginning July 1,2020.