Tuesday, September 21, 2021
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Taxation

IRS Encouraging ‘Paycheck Checkup’ to Prevent Tax-Time Surprise

The Internal Revenue Service (IRS) is encouraging everyone to check their withholding to avoid an unexpected tax bill or penalty at tax time. The new...

August 27 Hearing Will Allow Taxpayers to Voice Concerns

An annual hearing to allow taxpayers to present their ideas and concerns on property taxes or the alcoholic beverage tax is set for August...

Strong Campaign Needed to Stop Proposition 15 Split Roll Tax Proposal

The California Chamber of Commerce and a coalition of business and taxpayer groups are leading a strong effort to defeat the split roll property...

IRS Highlights Tax Changes Affecting Small Businesses

  The Internal Revenue Service is urging small business owners to learn about how the new tax law changes may affect them. The Tax Cuts and...

Uncertainty Hurts R&D Investment That’s Key to State Competitiveness

California’s innovation-based economy pays economic dividends not only in our traditional technology hubs, but in every region of the state and in a wide...

Effort to Make Property Tax Increases Easier to Pass Falls Short in Assembly

A proposed constitutional amendment to make it easier for local governments to increase property taxes failed to secure enough votes to pass the Assembly...

IRS Issues Guidelines to President’s Payroll Tax Deferral Order

The U.S. Department of Treasury and Internal Revenue Service (IRS) issued guidelines to President Donald Trump’s payroll tax deferral executive order the night of...

Reminders: W-2s Due January 31 to IRS; 2019 Mileage Rates

The Internal Revenue Service (IRS) reminds employers and other businesses of the January 31 deadline that now applies to filing Form W-2 wage statements...

Business Groups Urge: Restore Tax Credits, Net Operating Loss Deduction

The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...

Split Roll Property Tax Increases: Several Proposals Pending for 2020

Proponents of an $11 billion split roll property tax increase refiled their ballot initiative last week, claiming “notable improvements to implementation dates, expansive new...

Ads Highlight Problems with Prop. 15 Split Roll

With just weeks remaining before the November 3 general election, the broad-based campaign opposing Proposition 15 is highlighting reasons to vote against the split...

A Different Kind of Carbon Tax

My primary policy areas at the California Chamber of Commerce are privacy and tax. Yet, when I heard there was going to be a...

State Must Act Now to Pay Down Unemployment Insurance Debt

This pandemic created unprecedented unemployment, which was not only devastating to thousands of Californians and their families, but also drained the state’s unemployment insurance...

Multiple Entities Could Gain Power to Increase Property Taxes with Just 55% Vote of...

Hundreds of local special districts could gain the ability to increase property taxes with just a 55% majority vote if a proposed constitutional amendment...

Days Remain to Stop Split Roll Tax Hike

With just days to go before the November 3 election, the No on Prop 15 campaign continues to highlight the problems the split roll...

More Questions on Carbon Tax Proposal

Last week, CalChamber’s tax and privacy guru Sarah Boot wrote about her surprise that a California legislator would introduce a “carbon tax” bill that...

Legislative Action Can Avert Tax Hike on State Employers

Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...