Dec 10, 2021 | Specialty Tax, Tax, Tax Compliance and Advisory
OVERVIEW Existing law, known as the Golden State Scholarshare Trust Act, establishes the Golden State Scholarshare College Savings Trust, under the administration of the Scholarshare Investment Board, to provide financial aid for postsecondary education costs of...
Oct 25, 2021 | Specialty Tax, Tax, Tax Compliance and Advisory
CALIFORNIA ASSEMBLY BILL (AB) 46 Assembly Bill 466 authorizes the Franchise Tax Board (“FTB”) to share certain information with the State Controller’s Office related to unclaimed property. Beginning tax year 2021, the FTB will include additional questions for...
Sep 1, 2021 | News & Events, Specialty Tax, Tax
What are the effective dates of the new tax? The elective pass through entity tax (PTE) is effective for tax years beginning 1/1/2021 and before 1/1/2026. The California PTE will terminate prior to 1/1/2026 upon termination of the current federal $10,000 limitation...
Jul 27, 2021 | Specialty Tax, Tax
Effective July 16, 2021, California Assembly Bill 150 (2021 Cal. Stat. Ch. 82) (AB 150), signed into law by Governor Gavin Newsom, establishes a new elective pass-through entity-level tax (PTE tax) of 9.3% for tax years beginning on or after January 1, 2021 and before...
Apr 23, 2021 | News & Events
Jeremy Dillard recently reported a recap of the Private Company Council’s Spring 2021 Meeting, focusing on the practical expedient for share-based payments. You can watch the full video here:...
