As part of your year-end planning, it’s important to stay current on tax-related updates that impact your operations. On that note, the IRS recently released Notice 2025-5, announcing adjustments to the standard mileage rates that are relevant for businesses and individuals alike. 2025 IRS...
If you’re buying a business in California, there’s one step you cannot afford to skip: requesting a Tax Clearance Certificate from the California Department of Tax and Fee Administration (CDTFA). A recent case shows how a business buyer became responsible for the seller’s unpaid...
If you own an S corporation, partnership, or LLC taxed as a passthrough entity and want to take advantage of California’s Passthrough Entity Elective Tax (PTET) for the 2025 tax year, you need to make a key decision soon: whether to make a prepayment...