Tax

Property tax is a tax levied directly on real estate or certain other property forms

Are you struggling to understand how interstate tax works

President Biden unveiled his American Families Tax Plan on April 28, 2021

AB 80 is now officially law in California, providing partial conformity to federal law allowing taxpayers to deduct expenses paid with PPP forgiven loan amounts, as well as EIDL targeted and advance grants

The IRS and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations

2020 proved to a highly challenging year for the US restaurant industry

AB 80, the California bill to allow deductions for expenses paid with forgiven PPP debt, has been amended to include significant changes

The IRS and the Treasury have announced that states can conform to recent federal tax benefits (such as the allowance of deductions for amounts paid with forgiven PPP debt) and still benefit from the federal funding provided to states through the American Rescue Plan Act (ARPA)

The IRS issued Announcement 2021-7 clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses