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There are two new California employment laws in response to the COVID-19 pandemic

One Proposition Has Had Its Share of Controversy Of the 12 propositions that will be on the California ballot in November, two of them would make big changes to long-standing property tax laws

Proposed regulations adopt the post-2017 simplified accounting rules for small businesses

The Treasury and the IRS have issued temporary and proposed regulations to: reconcile advance payments of refundable employment tax credits provided under the Families First Coronavirus Response Act (Families First Act) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and recapture the benefit of the credits when necessary

The IRS has issued final regulations regarding the limitation for the business interest expense deduction under IRC Section 163(j), including recent legislative amendments made for the 2019 and 2020 tax years

The latest PPP loan forgiveness guidance brings some good news for minority shareholders, Schedule C borrowers with home office expenses, and self-renters: Owner-employees with less than a 5% ownership interest in a C or S corporation: These owner-employees are not subject to the owner-employee compensation rule (which generally limits the…

President Trump recently issued an executive order instructing the Treasury Department to defer specific employee payroll tax payments

The IRS has issued guidance to employers on the requirement to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (Families First Act)

In Fact Sheet 2020-11; IR 2020-168, the IRS has presented a series of examples where a person might have to file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business

The IRS has issued two FAQs regarding the taxation of payments and loans from the Coronavirus Relief Fund (Fund) that was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

California has not adopted many of the pandemic-related tax provisions of either the Coronavirus Aid, Relief, and Economic Security (CARES) Act, or the Families First Coronavirus Response Act