ai
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AI in Auditing

By Carissa DeLuca, CPA, CFE Audit Manager   For several years now we’ve been hearing about how Artificial Intelligence (AI) is the future of seemingly just about every industry.  Industries from healthcare to banking have…
register with calsavers
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Employers with Over 50 Employees Must Register with CalSavers by June 30

By June 30, 2021, nonexempt employers with more than 50 California W-2 employees must register with the CalSavers program. For exempt employers, if you've already offered a retirement plan, you do not have to participate in the program,…
american rescue plan act
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Significant Tax Provisions from Biden’s American Rescue Plan Act

Richard A. Huffman, CPA, MST Tax Partner   The American Rescue Plan Act signed into law by President Biden includes the following significant tax provisions: Business tax provisions: Family and sick leave credits –…
relief
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CA Lawmakers Reach COVID Relief Deal Including Partial PPP Conformity

Richard A. Huffman, CPA, MST Tax Partner The long awaited recently announced California pandemic relief package includes the following benefit highlights for businesses and individuals: California partial conformity to federal…
employee retention credit
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New COVID Relief Bill Expanded Employee Retention Credit Benefits

Richard A. Huffman, CPA, MST Tax Partner   The recently enacted stimulus law expands and clarifies the CARES Act Employee Retention Credit (ERTC), key details are as follows: Beginning on January 1, 2021 and through June…
payroll tax
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2021 Payroll Tax and Standard Auto Mileage Rate Changes

By Bonnie Thompson Beginning January 1, 2021, the following changes go into effect for the withholding of payroll taxes and reimbursement of auto mileage. SOCIAL SECURITY The wage base for withholding social security tax has increased…
covid relief bill
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New COVID Relief Bill Signed Into Law

Richard A. Huffman, CPA, MST Tax Partner   The House and Senate passed the Consolidated Appropriations Act, 2021 (CAA, 2021) which is expected to be signed into law by the President.   The CAA, 2021 bill includes…
sales tax relief
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New California Sales Tax Relief Announced for Small Businesses

Ryan Working, CPA, MST Tax Director Back in April 2020, the Governor allowed taxpayers to apply for sales tax penalty and interest relief for 90 days for any taxpayer reporting less than $1 million in sales on their sales tax return. The…
small business hiring tax credit
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Applying and Qualifying for CA Small Business Hiring Tax Credit

Cameron Lee Tax Staff Applications have recently opened on December 1st, 2020 to apply for California's small business hiring tax credit. This past September, Governor Gavin Newsom signed SB 1447 allowing qualifying small business…
proposition 19
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CA Proposition 19 and the Qualified Personal Residence Trust

Nancy Van Lanen Estate & Trust Director The recently passed Proposition 19 in California provides expanded property tax benefits by allowing homeowners who are disabled, over 55 years of age, or whose homes were damaged in wildfire…