Posts

Preparing Yourself and the Best People to Replace You
Gregory Lambourne, Esq.
Senior Planning Consultant
Plato observed that “Nothing ever is, but is always becoming.” We begin dying the day we are born. A bleak sentiment for sure, but useful if you allow it to focus and…

New Law Tax Workaround for CA Pass-Through Business Owners
Richard A. Huffman, CPA, MST
Tax Partner
The 2017 Tax Cut and Jobs Act limits individuals state and local tax deduction to $10,000 a year through 2025. California passed into law a workaround for tax years 2021- 2025.
Qualifying…

Is Your Company Eligible for the Employee Retention Tax Credit?
Richard A. Huffman, CPA, MST
Tax Partner
By retaining employees during the pandemic, your company may be eligible for a payroll tax credit of up to $5,000 per employee in 2020 and $28,000 per employee in 2021.
The employee retention…

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 –…

PPP Loan Forgiveness Taxability in 2020
Richard A. Huffman, CPA, MST
Tax Partner
Tony Maldonado, CPA
Tax Senior
While the current law states forgiven Paycheck Protection Program (PPP) loans are tax-free, the Internal Revenue Service previously issued guidance…

CA Governor Signed Law to Conform to Federal Tax Law Changes
The California governor signed law AB 91, also known as the "Loophole Closure and Small Business and Working Families Tax Relief Act of 2019" which partially conforms to certain provisions of the Federal Tax Cuts and Jobs Act, some of the significant…



How to Co-ordinate Cost Segregation with Like-kind Exchange
The Tax Cuts and Jobs Act (TCJA) was signed by the President on December 22, 2017. The TCJA is the most significant overhaul of Internal Revenue Tax code since the 1986 Tax Act under President Reagan. The Committee Report has over a thousand…

