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Owe the IRS and the FTB? How Payment Plans Work in California
An Encino law practice files its returns in April and finds two balances it can't cover: one to the IRS and one to the...
Is the PTE Election Still Worth It for California Business Owners in 2026?
California's pass-through entity (PTE) elective tax started in 2021 as a way around the $10,000 federal cap on state and local tax (SALT) deductions....
Does California Tax Tips and Overtime? What LA Workers Should Know
Yes. California taxes tips and overtime pay in full. The federal "no tax on tips" and "no tax on overtime" deductions that started in...
5 Signs You’ve Outgrown DIY Bookkeeping (and Need a Professional)
Most small business owners start out doing their own books. It makes sense in the beginning. Revenue is modest, transactions are simple, and paying...
California FTB Audit Red Flags: What Triggers a State Tax Audit for Small Businesses
A letter from the California Franchise Tax Board is not something any business owner wants to receive. Understanding what draws the FTB's attention and...
