Read About - FTB Provides Additional AB 80 GuidanceJuly 6, 2021
The Franchise Tax Board (FTB) has updated its Paycheck Protection Program (PPP) loan forgiveness webpage and released FAQs that provide much awaited guidance concerning AB 80 and how it is being applied
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Read About - Tax Relief/Stimulus Payment Bills Sent to GovernorJuly 6, 2021
The California General Assembly has sent several stimulus and tax-related bills to the Governor for his expected signature
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Read About - Child Tax Credit Tools Include Changes to Benefit FamiliesJuly 6, 2021
The Internal Revenue Service & Treasury Department introduced an online child tax credit tool to help families register for monthly payments from the expanded Child Tax Credit
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Read About - June 2021 Audit & Assurance NewsletterJune 28, 2021
FASB proposes discount rate relief for nonpublic lessees FASB recently proposed changes to discount rate guidance for lessees that are nonpublic business entities, with an objective of reducing the costs of implementing the board’s new lease accounting guidance. read more Journal of Accountancy FinREC addresses EBP revenue recognition implementation The…
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Read About - CalSavers Registration Deadline Almost Here!June 16, 2021
In 2016, Governor Brown signed California Senate Bill 1234, which resulted in the creation of a workplace retirement savings program known as the CalSavers Retirement Savings Program (CalSavers)
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Read About - COBRA Guidance Updates for EmployersJune 16, 2021
The IRS has issued new guidance regarding tax breaks that allow health coverage to continue under COBRA
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Read About - Preserving Your Retirement Plan’s Company MatchesJune 16, 2021
Company matches, or employer contributions to defined contribution plans, such as 401(k) or 403(b), are fundamental to help employees save for retirement
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Read About - Medicaid Waiver Payments Were Earned Income Even Though the IRS Excluded Them from Gross IncomeJune 14, 2021
IRS Excludes Medicaid Waiver Payments from Gross Income
Taxpayers can receive payments under a state Medicaid waiver program for providing nonmedical care in their homes to eligible individuals
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Read About - The Impact of the COVID-19 Pandemic on M&A DealsJune 9, 2021
The Coronavirus pandemic has had a major global impact on all sectors and industries
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Read About - Final IRS Changes for Hardship Distribution RulesJune 7, 2021
Hardship distributions allow participants of retirement plans to remove funds from their accounts before reaching the age of 59½ to fulfill an immediate financial need
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Read About - Why Work Remotely with Outsourced Accounting Services?June 2, 2021
Accounting is an essential business function that allows you to keep track of your income, expenditures, and the business’s financial health
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Read About - Employee Retention Credit: Possible “Cashback” Refunds – For Nonprofits Too!May 24, 2021
Congress signed the Consolidated Appropriations Act of 2021 on December 27, 2020
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