Taxes to Follow COVID

After a year of coping with COVID lockdowns and reduced revenues the potential increase in business and individual tax rates may be our next challenge.  President Biden has suggested raising federal rates on businesses and the wealthy to pay for his forthcoming infrastructure bill and programs to combat inequality and climate change. Under his proposed…

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Payroll Tax Pitfalls

Payroll taxes and withholding present a tempting source of working capital for a small business.  Payroll tax payments are easy to divert because there isn’t really an invoice (at first).  Payroll taxes and withholding are ‘voluntarily’ reported on IRS Form 941 (Employer’s Quarterly Federal Tax Return) and paid via direct deposit to the IRS.  The…

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How the Market is Bouncing Back from the Pandemic

Just over a year ago, businesses in this country and around the world had to shift into a very different mode of operating as shelter in place and work from home became the new reality.   Once we addressed keeping our employees and co-workers safe, the big questions on the minds of everyone in the…

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Newsom’s Plans for Vaccinations & Reopening: EGRS Update

As you’ve read or heard, Governor Newsom announced plans last week to reopen the state by June 15. With vaccination rates picking up in recent weeks, California hit a milestone of vaccinating 20 million Californians. Four million of those vaccinations have occurred in the state’s disadvantaged communities that have been hit hardest by the pandemic.…

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Busy As A Bee: A Message from the Board President

Every spring with longer days, more sunshine, and daylight savings time we start to awaken after our winter slumber. This year is much more pronounced since we have compounded our proverbial slumber with Covid 19 isolation. Now that the vaccine distribution rate is growing exponentially and the rate of infection is dropping significantly, we are…

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Legislative Update – March 26th

Last year, Governor Newsom solemnly pronounced that after expecting record breaking surpluses in 2020, the state was facing a $54 billion deficit. That number was daunting, and comparable to the budget shortfalls experienced at the onset of the Great Recession. That massive deficit never materialized. The Governor and his Department of Finance (DOF) didn’t lie…

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CAA Law Webinar March 2021

The following webinar was presented on March 16th, 2021 at 11:30 AM. The PPT slides are available for download below the video.

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