On December 16, the Senate voted 76 to 16 to pass the H.R. 5771 Tax Increase Prevention Act of 2014. This legislation provides a one-year extension of expired business and individual tax provisions including the R&D tax credit. Other
December 31, 2014, is the deadline for portability for small estates of pre-2014 decedents. Estates of decedents who died before January 1, 2014, that fall below the dollar threshold for having to file an estate tax return, and that
Many industries including manufacturing, construction, not-for-profit, agriculture and physician offices are granted sales tax exemption status on their purchases. If you have not considered buying such materials and supplies exempt from sales tax, contact us for a discussion on how
Uncompensated overtime is hours worked in excess of 8 hours a day, or 40 hours per week, by salaried employees who are paid a fixed amount per week, month or year regardless of the number of hours worked. The
The Internal Revenue Service recently announced new cost-of-living adjustments—many of which will allow employees to contribute more toward their retirement plans in 2015.
California LLCs – Franchise and LLC Fees We are seeing an increase in taxpayer investments in California properties as well as investments in LLCs doing business in California. An LLC is considered to be “doing business” in California if
