Category: Business Tax

  • From Silos to Synergy: Aligning Tax and Finance

    From Silos to Synergy: Aligning Tax and Finance

      An organization’s finance and tax functions are closely related, with the tax function relying on finance data and systems to support accurate tax calculations and compliance procedures, and the finance team relying on tax calculations for financial reporting, cash flow analysis, forecasting, and modeling. Failing to align the finance and tax functions can lead…

  • Partnership tax returns (Form 1065) and S Corporation tax returns (Form 1120S) are due March 15, 2021.

  • Employer Mandate for Affordable Care Act Delayed

    The requirement for employers with 50 or more full-time employees to offer health insurance plans in order to avoid penalties was rescheduled to begin in January of 2015, giving employers and regulators another year to figure things out.  

  • California New Jobs Credit update

    California New Jobs Credit update

    The Franchise Tax Board (FTB) has announced that as of December 29, 2012, $138,439,924 in total New Jobs Credit was generated on personal income tax and business entity tax returns filed and processed. The credit available to be claimed by all taxpayers is capped at $400,000,000. A tax credit of $3,000 per additional full-time employee…