Franchise Tax Board conforms to IRS filing extensions for California storm victims

On January 13, the Governor’s office announced that California will conform to the IRS filing extensions granted for California individual and business taxpayers impacted by recent storms. This means the Franchise Tax Board has extended filing and payment deadlines for many taxpayers in California until May 15, 2023. Continue Reading Franchise Tax Board conforms to IRS filing extensions for California storm victims

IRS grants filing and payment extensions to California storm victims

Individuals and businesses located in California may qualify for tax relief. California storm victims now have until May 15, 2023, to file various federal forms and make tax payments. Continue Reading IRS grants filing and payment extensions to California storm victims

SECURE 2.0 law may make you more secure in retirement

Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022. Continue Reading SECURE 2.0 law may make you more secure in retirement

SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters

Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions. Continue Reading SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters

2023 Q1 tax calendar: Key deadlines for businesses and other employers

Businesses face a variety of tax-related deadlines in the first quarter of 2023. Here are some of them. Continue Reading 2023 Q1 tax calendar: Key deadlines for businesses and other employers

Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?

Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end. Continue Reading Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?

Choosing a business entity? Here are the pros and cons of a C corporation

If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation. Continue Reading Choosing a business entity? Here are the pros and cons of a C corporation

Year-end giving to charity or loved ones

Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones. Continue Reading Year-end giving to charity or loved ones