Non-Profits and the Employee Retention Credit
The employee retention credit (ERC) is a form of government assistance created under the Coronavirus Aid, Relief and Economic Security (CARES) Act to help businesses and organizations keep employees on their payroll during the [...]
CalSavers Retirement Savings Program Final Registration Deadline is June 30, 2022
The CalSavers Retirement Savings Program is a by-product of state-mandated retirement legislation that was launched in July 2019 as part of a phased rollout over three years with the goal of improving the financial [...]
IRS Increases Mileage Rate for Remainder of 2022
The high cost of gasoline has prompted the IRS to make a mid-year adjustment to the standard mileage rate for business travel effective July 1, 2022. The norm has always been to make this adjustment [...]
IRS Interest Rates Increase for the Third Quarter of 2022
As interest rates rise across the board so does the IRS underpayment penalty rate for estimated taxes. The rate is scheduled to increase from 4% to 5% starting on July 1, 2022. With the [...]
Client Highlight: Custom Fit
At B+Co, we truly appreciate our clients, whether they have one small business or multiple entities involved in diverse business operations. We find that helping our clients focus on long-term considerations and goals results in [...]
California A.B. 150
On July 16, 2021, California enacted A.B. 150, which included the “Small Business Relief Act” providing a pass-through entity (PTE) tax election for the years 2021-2025. What is A.B. 150? Assembly Bill 150 is a [...]