Emergency Preparedness for Natural Disasters

Emergency Preparedness for Natural Disasters

In 2021 and 2022, Americans experienced a number of natural disasters, including wildfires in California, New Mexico, and Colorado; the deadly Hurricane Ida impacting Louisiana, New Jersey, and New York; and severe storms throughout Washington and Tennessee. Natural...
Cannabis Tax Relief for California Operators

Cannabis Tax Relief for California Operators

In the highly regulated cannabis industry much needed tax relief has been passed in California.   Cultivation Tax Eliminated On June 30, 2022 California enacted Assembly Bill 195 (AB 195) which eliminates the weight-based cannabis cultivation tax.  Effective July...
IRS announces Mileage Rate Increase starting July 2022

IRS announces Mileage Rate Increase starting July 2022

Due to rising gasoline prices, the IRS has announced an increase of 4 cents for the standard mileage rate for the last 6 months of 2022. The 2022 mileage rates are: 1/1/22-6/30/22 is 58.5 cents a mile 7/1/22-12/31/22 is 62.5 cents a mile The medical and moving mileage...
CalSavers’ Mandate – June 30 deadline approaching

CalSavers’ Mandate – June 30 deadline approaching

An important deadline is on the horizon for California business owners. By June 30, 2022 employers with an average of five or more employees in California for 2021 are required to have a retirement plan in place for workers — either through a private-market option,...
New Guidance on the Employee Retention Credit

New Guidance on the Employee Retention Credit

With the 2021 tax filing season underway, it is important for taxapyers to review their tax saving opportunities, especially as they relate to the Employee Retention Tax Credit (ERC).     Overview of the Employee Retention Credit Since enacted in March 2020 as...