Administrative Dissolution for California LLC’s and Corporations is Here!
Beginning January 1, 2019, eligible California domestic corporations and domestic Limited Liability Companies (LLCs) that have ceased doing business and have no assets may be eligible for administrative dissolution/cancellation under recently enacted AB 2503. The bill provides two options for... Read More →
Franchise Tax Board to Remind Entities What Estimates They Paid
Beginning early 2019, the California Franchise Tax Board will be providing business entities, including corporations, LLC’s, and exempt organizations with a summary of their 2018 tax year estimated payment information. This is part of a pilot project to proactively address... Read More →
The “new” Form W4 withholding form couldn’t be worse
The IRS recently unveiled it’s Draft W4 form to help taxpayers calculate the proper withholding on their paychecks. Gone is the time-honored technique of counting noses in your family and using that as the first stab at proper withholding. The Draft... Read More →
Your ability to buy online and avoid sales tax is coming to an end
Your ability to buy online and avoid sales tax is coming to an end. In a 5-4 decision today, the US Supreme Court says that states can demand sales tax from all retailers — those with physical storefronts AND those that... Read More →
A lesson from Trump’s personal attorney, just in time for tax season
by Michelle Singletary of the Washington Post The hullabaloo involving President Trump’s personal attorney Michael Cohen is a good time to remind you of a key change in the tax deductibility of home-equity loans. Cohen has said that he tapped... Read More →
Changes coming in 2018 to your taxes
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are... Read More →