by Reuven Rubinson | Dec 23, 2024 | Uncategorized
Update December 27, 2024 – the injunction prohibiting enforcement of the BOI report is back in place until the motions panel decides, on an expedited basis, the appeal filed last week. The injunction prohibiting enforcement of the BOI report has been stayed....
by Reuven Rubinson | Dec 5, 2024 | Uncategorized
A federal court has issued an injunction prohibiting the government from enforcing the BOI report which was required from most corporations and partnerships by the end of this year. Given the incoming administration, I would be very surprised if the law is going to be...
by Reuven Rubinson | Nov 15, 2024 | Uncategorized
California and New York employers are going to have to pay additional FUTA taxes in January for this year because they have an outstanding federal unemployment account loan . https://oui.doleta.gov/unemploy/futa_credit.asp
by Reuven Rubinson | Oct 3, 2024 | Uncategorized
Here’s a great article on upcoming Employment Law changes in California in 2025 https://www.fisherphillips.com/en/news-insights/all-new-california-workplace-laws-you-need-to-know-2025.html
by Reuven Rubinson | Apr 3, 2021 | Accounting and Taxes
https://www.irs.gov/newsroom/irs-provides-guidance-for-employers-claiming-the-employee-retention-credit-for-first-two-quarters-of-2021
by Reuven Rubinson | Mar 27, 2021 | Accounting and Taxes
From Spidell If a married couple’s combined AGI (calculated without any UI compensation) is below $150,000, then MFJ taxpayers may exclude up to $20,400 of unemployment income even if one of the spouses had less than $10,200 in UI and the other spouse had more than...
by Reuven Rubinson | Mar 27, 2021 | Accounting and Taxes
The IRS issued Announcement 2021-7 today clarifying that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of coronavirus are deductible medical expenses. The amounts...
by Reuven Rubinson | Mar 18, 2021 | Accounting and Taxes
Here is a notice From Spidell Tax: California conforms to IRS May 17 extension, and AB 80 update (03-18-21) The FTB has confirmed that California will follow the IRS filing and payment extension date of May 17, 2021, for individual taxpayers only. Like the IRS...
by Reuven Rubinson | Mar 6, 2021 | Accounting and Taxes
The Senate has passed the COVID relief legislation which includes a provision that the first $10,200 of unemployment compensation in 2020 will be nontaxable. Now onto the House where is expected to be passed. I predict this will require the IRS to extend the April 15...
by Reuven Rubinson | Feb 22, 2021 | Accounting and Taxes
Information from Drake Software on Stimulus Payments: Recovery Rebate Credit The IRS announced last week that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued. Get My Payment was updated on January 29 to...
