Client Memo – CA Competes Tax Credit
California Competes Tax Credit is an income tax credit for businesses that are expanding or relocating to California. It is a tax credit program that Gov. Jerry Brown approved in March of 2013. This tax credit is an application-based credit that can be used against the income tax due to the Franchise Tax Board (FTB). […]
Client Memo – Protecting Americans From Tax Hikes Act of 2015
On December 18, the Senate passed and the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) to extend or make permanent certain expiring tax relief provisions. Here’s a brief summary of those that may benefit you or your business: For individual taxpayers Tax deduction for state and local […]
Client Memo – Tax Increase Prevention Act of 2014
On December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (TIPA) to extend various tax provisions that had expired at the end of 2013 through 2014. Some key provisions that may be most likely to benefit you or your business are as follows: For individual taxpayers Tax deduction of […]
Client Memo – CA FTB Web Pay Instructions
For instructions on how to make your payments to California Franchise Tax Board using the FTB Web Pay, please visit the site below and follow the instructions outlined as follows: Go to the website: https://www.ftb.ca.gov/online/webpay/index.asp At the bottom of the page click on “Make a Payment” On the next page click on “Continue” On the […]
Client Memo – Encrypted Email Enhancement
As you have no doubt read about in recent months the world of cyber security has repeatedly shown that electronic communications are subject to breaches and to hackers. Because we are fiduciary’s and take the protection of our clients’ confidential data extremely seriously, we have for some years been using an encrypted and secured file […]
Client Memo – CA Manufacturing Exemption
Beginning on July 1, 2014, a new California law allows manufacturers and certain research and developers to obtain a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases. The partial exemption rate on sales and use taxes is 4.1875% and applies to purchases made and leases […]
Client Memo – Mandatory FBAR E-File
The June 30 deadline for filing the annual report to the IRS of a foreign bank and financial account (“FBAR”) is fast approaching and there is no extension of time available for filing an FBAR. Note that FBAR filing is only required if you have more than $10,000 in a foreign account at any time […]
Client Memo – Personal Information Security
As we strive to safeguard your sensitive personal information, we would like to remind you that regular email is not a secure method for sending sensitive data, such as your social security number or bank account information, to us. In addition to password protecting your documents with the last four digits of your social security number, […]
