Accounting Portal Articles

IRS Rules for Using a Per Diem Rates – TCJA

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also: Part I, §§ 62, 67, 162, 267, 274; 1.62-2, 1.162-17, 1.267(a)-1, 1.274-5, 1.274-5T.) Rev. Proc....

IRS 2020 Standard Mileage Rates – Notice 2020-05

SECTION 1. PURPOSE This notice provides the optional 2020 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. This...

Tax Withholding Assistant (Excel)

Excel form will help small employers calculate the amount of federal income tax to withhold from their employees’ wages and help you as you transition to the new Form W-4 for 2020. Link to...

California Cannabis Industry Payroll Tax Reporting

California businesses that hire employees to perform services are required by law to withhold, report, and pay payroll taxes to the EDD. Cannabis businesses include distributors, transporters, and dispensaries and includes employees, such as...

Applicable Federal Rates (AFR) 2019, 2020, 2021

RR-2021-09 — APPLICABLE FEDERAL RATES JUNE 2021   RR-2021-08 — APPLICABLE FEDERAL RATES MAY 2021   RR-2021-07 — APPLICABLE FEDERAL RATES APR. 2021   RR-2021-05 — APPLICABLE FEDERAL RATES MAR. 2021   RR-2021-04 —...

Covered California for Small Business

To be eligible to participate in CCSB, you must indicate that your business or organization meets all of these qualifications: • Have a primary business address in California, or offer coverage to each eligible...

California Form 1095-A

Your Form 1095-A shows the amount the Internal Revenue Service (IRS) paid to your insurance company to lower the cost of your health coverage. The amount paid was based on the most recent household...

IRS Standard Mileage Rates 2020

Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half...

IRS Reminders for Tax Professionals

Update e-Services information E-Services offers a suite of tools to assist tax pros. These tools include the e-file application, the Transcript Delivery System (TDS) and a secure mailbox. New e-Services users must first register...

Cities With Minimum Wage

List of cities Alameda, CA Albuquerque, NM   Bangor, ME Belmont, CA Berkeley, CA Bernalillo County, NM   Chicago, IL Cook County, IL Cupertino, CA   Daly City, CA   El Cerrito, CA Emeryville,...

California State Minimum Wage Increases

Although there are some exceptions, almost all employees in California must be paid the minimum wage as required by state law. Effective January 1, 2017, the minimum wage for all industries will be increased...

IRS Audits by Country

ProPublica posts article about countries with highest IRS audit rates. You can read it here. Study shows countries in which income tax filings were audited at a higher rate than the nation as a...