Many tax preparers and businesses are wondering about the status of PPP loan deductions when preparing their state income tax returns this year. While the federal government has provided that businesses may deduct the expenses covered by the PPP loans, the California...
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New Laws
California Consultant Worker Classification
The 2018 California Supreme Court Dynamex decision and 2019 California Assembly Bill AB 5 drastically altered California worker classification standards, implementing the very stringent "ABC Test." However, California Assembly Bill AB 2257, which was passed and signed...
Governor Newsom’s Terrible Sales Tax Deferral Plan
On its face, deferral from paying over sales tax collected by California businesses may sound like a good idea. As a seasoned tax attorney, I can tell you the many reasons this is a bad idea and I urge businesses not to fall for this “relief” which really is just a...
The Tax Cuts and Jobs Act Taketh Away … the IRS Regulations Give Back…
Many business owners are anxiously awaiting the proposed regulations regarding the types of State and local income taxes paid by a partnership or S corporation that may be deducted without the $10,000 limitation ($5,000 for individuals or married individuals filing a...
How Will Prop 22 Effect My California Worker Classification?
For the app-based driver, the answer is clear, but for the tens of thousands of other gig economy workers in California, Prop 22 has no effect whatsoever on contractor relationships. Still, care must be taken in proper worker classification. Following the California...
AB 5-Compliant Independent Contractor Agreements
Assembly Bill 5 was passed and signed into law in September 2019. The bill instituted the new California worker classification test, the ABC Test (Labor Code section 2750.3), which states that a worker is an independent contractor only if the company hiring the worker...
California Sues Uber
On May 5, 2020, the State of California filed a Complaint for Injunctive Relief Restitution, and Penalties in California Superior Court against both Uber and Lyft claiming violations of the California Labor Code and Business & Professions Code. The California...
California Sues Uber and Lyft for Misclassifying Workers, Ignoring A.B. 5
In an effort to protect workers in California, Assembly Bill 5 was enacted requiring many companies to reclassify their workers as employees, and not as independent contractors. Uber and Lyft have ignored the legislation, which went into effect on January 1st, and...
Gig Economy and Other Worker Classification May Differ for Federal and California Purposes
Nearly a year ago, the U.S. Department of Labor issued an opinion that most "gig economy" workers are properly classified as independent contractors.The gig economy labor market is made up of individuals who complete short-term contracts or freelance work, rather than...
Good News for the Cannabis Industry?
As recently discussed here, the current state of the law allows business owners in the cannabis industry to take certain deductions on their state income tax returns, but not on their federal tax returns. That may soon change. The House Judiciary Committee approved...
