California Competes Tax Credit – Bowling For Tax Dollars?

1/28/15

We discussed the California Sales Tax Exemption and its mechanics, which were included in Assembly Bill 93 (AB 93), in our August 2014 article. The purpose of this article is to discuss the California Competes Tax Credit (“CCTC”) and provide you with enough information to be dangerous! In...

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Tax Tip: Deducting Medical and Dental Expenses

1/20/15

Tax Tip: Deducting Medical Expenses If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return. Here are eight things you should know about the medical and dental expense deduction: 1. AGI threshold increase. The amount of...

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New Capitalization Regulations

1/03/15

De Minimis Safe Harbor Election under the New Capitalization Regulations RE: New Capitalization Regulations — ACTION ITEM: Business taxpayers must have written accounting policies in place on the first day of the tax year (January 1, 2014 for calendar year taxpayers) to deduct the de minimis...

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