Brotman Law
The tax revenue gathered from the average hourly assessment rate during many cannabis company audits has been so fruitful that it is easy to understand why the IRS dedicates more resources to it than any other industry.
The tax revenue gathered from the average hourly assessment rate during many cannabis company audits has been so fruitful that it is easy to understand why the IRS dedicates more resources to it than any other industry.
The tax revenue gathered from the average hourly assessment rate during many cannabis company audits has been so fruitful that it is easy to understand why the IRS dedicates more resources to it than any other industry.
Incorrectly deducting unallowable expenses can lead to financial penalties and the increased risk of audits in the future.
The CA State Board of Equalization (BOE) is a powerful agency with a complex and important role in California’s tax system.
In the midst of tax filing season, it’s common to start worrying and thinking about taxes on a trust fund.
It’s really important you’re aware of the use tax vs sales tax differences: how they’re applied, when they’re applied, and in what instances they might apply to you.
As with anything tax-related, it’s not always straightforward.
So, join us as we answer questions such as “what is the difference between sales tax and use tax” and “is use tax the same as sales tax”.
Even though the pull of living in the Golden State is strong, it boasts some of the highest tax rates in the country, from sales tax, property tax, income tax and other local taxes.
This can leave Californians torn between leaving the state or sucking it up to stay and enjoy everything CA has to offer.
But, there is another way.
Knowing how to pay less taxes in California could be exactly what you need…
California is known for having some of the most significant in-state taxes in the country with a 13.3% annual income tax rate.
However, did you know that you might still be taxed even after you leave the state?
Yep! Thanks to the California exit tax legislation, depending on how much money you get from in-state activities, such as investments in real estate or business operations, you could still be treated like a Californian on your next tax return!
Join us as we walk you through the California wealth and exit tax questions, such as “what is the exit tax in california,” how much it is, who it applies to, and a deeper dive into the CA wealth tax proposal and the Assembly Bill 2088.
Even though the state-wide base rate for California online sales tax is 7.25%, like with the rest of California’s complicated tax laws as they relate to online transactions, it’s not that simple.
There are a few key points that every online business owner should know when it comes to California internet sales tax.