CalSavers Retirement Savings Program Requirements

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Tax Law Insights, Recently Published, Payroll and Payroll Taxes On September 29, 2016, former California Governor Jerry Brown signed into state law senate Bill 1234 to implement the California Secure Choice Retirement Savings Program. The program was officially renamed the CalSavers Retirement Savings Program (“CalSavers” or “program”) in December 2017. The program mandates that all private California […]

California Pass-Through Entity Tax

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Federal Deduction For State Income Taxes are Partially Restored On July 16, 2021, California Governor Gavin Newsom signed into state law Assembly Bill 150 (“AB 150”), establishing a new pass-through entity (“PTE”) elective tax. The legislation enables California taxpayers who own PTEs to receive a credit for their share of the PTE-level state and local […]

7.28.21 California Pass-Through Entity Tax

A person is typing on a laptop, surrounded by floating icons related to taxes like a calculator, a dollar sign, and documents. The scene evokes the ease of online tax preparation, specifically focusing on California Pass-Through Entity Tax essentials.

Federal Deduction For State Income Taxes are Partially Restored On July 16, 2021, California Governor Gavin Newsom signed into state law Assembly Bill 150 (“AB 150”), establishing a new pass-through entity (“PTE”) elective tax. The legislation enables California taxpayers who own PTEs to receive a credit for their share of the PTE-level state and local […]