Major Provision in New Tax Laws

    In the past 12 months (starting late December 2017), we have seen perhaps the most significant changes to tax laws since the last major tax reform in 1986. These changes came from all three branches of the government. Congress passed the “Tax Cuts and Jobs Act of 2017” (“TCJA”) and the President [...]

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      State Implication of the Tax Cuts and Jobs Act

      The Tax Cuts and Job Act (“TCJA”) was signed into law on Dec. 22, 2017. The TCJA enacted modifications to the Internal Revenue Code (“IRC”) that will affect all areas of federal taxes including individual, corporate, partnership and others. State taxes were impacted due to its close relationship [...]

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        Top 5 California Tax Planning Opportunities

        Weather aside, a rapidly growing economy and profitable marketplace has named California one of the most desirable states for new and expanding businesses and individual taxpayers. One major obstacle that taxpayers face when seeking to enter into, or expand in California, is state taxes. California [...]

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          Nexus: The New Era of State Taxation

          The physical presence nexus standard is becoming a thing of the past as state governments try to shift the tax burden from in-state to out-of-state taxpayers. If a state has jurisdiction to tax either the business entity or the subject matter, then a taxpayer has nexus in a state with or without [...]

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