Practice Area: Business Advisory & Consulting

On February 27, 2024, the Internal Revenue Service (IRS) announced with IR-2024-51 that they are granting relief to all taxpayers residing in San Diego County as a result of the recent storms. No other counties in California are currently eligibleREAD MORE

Starting January 1, 2024, the 2021 Corporate Transparency Act introduced a mandatory reporting of beneficial ownership information to be phased in over two years. ‘Covered entities’ must report details about their ‘beneficial owners’ to the U.S. Department of the Treasury’sREAD MORE

On December 21, 2023, the Internal Revenue Service (IRS) rolled out a new Voluntary Disclosure Program effective immediately to remain open until March 22, 2024. This program provides businesses an opportunity to rectify erroneously filed Employee Retention Credit (ERC) claimsREAD MORE

The California Board of Accountancy (CBA) is rolling out some significant changes to the CPA exam requirements, with some changes having a retroactive impact. These changes include: Extensions to Exam Credits CPA candidates should review their accounts to check thatREAD MORE

On March 27, 2020, in response to the COVID-19 pandemic, the IRS introduced guidelines allowing for the use of digital signatures and the electronic exchange of documents via encrypted email during compliance interactions. These digital adaptations proved to be efficientREAD MORE

Starting January 1, 2024, the 2021 Corporate Transparency Act introduces mandatory reporting of beneficial ownership information to be phased in over two years. ‘Reporting Companies’ must report details about their ‘beneficial owners’ to the U.S. Treasury Department’s Financial Crimes EnforcementREAD MORE

The Bipartisan Budget Act of 2015 (BBA), P.L. 114-74 repealed the partnership audit provisions and introduced a new centralized audit regime for IRS audits of entities required to file Form 1065 ‘U.S. Return of Partnership Income.’ The BBA procedures changedREAD MORE

The IRS has issued multiple disaster relief notices for various states. See below for the current states and counties where tax-filing and tax-payment deadline relief is provided extending various due dates. Please note that if you are a taxpayer locatedREAD MORE

The IRS has issued four disaster relief notices, CA-2023-01, CA-2023-02, CA-2023-03 and CA-2023-04 providing storm relief for various counties in California. These notices apply to different counties, with some overlap, and have different applicable periods, as well as varying filingREAD MORE

For our full article on the differences between each IRS announcement related to tax relief for storm victims in California click here. CA-2023-01 CA-2023-02 CA-2023-03 CA-2023-04 Alameda X X Alpine X X Amador X X Butte X X Calaveras XREAD MORE