Understanding Employer Tax Credit for Family and Medical Leave
November 09, 2023
The Consolidated Appropriations Act 2021 extends employer credit for paid family and medical leave through December 31, 2025. This tax credit encourages employers to provide their employees with paid family and medical leave. Under this provision, employers can claim a tax credit equal to a percentage of wages paid to qualifying employees while they are on family and medical leave.
Beware of the Latest Tax Scam: Employee Retention Tax Credit
November 06, 2023
The IRS wants you to know about the latest tax scam making headlines involving the Employee Retention Tax Credit (ERC), a pandemic-era tax break designed to assist qualified businesses.
Understanding Excess Business Losses for Non-Corporate Taxpayers: CARES Act and Beyond
November 01, 2023
The taxation landscape is constantly evolving, and one significant change introduced by the CARES Act is the limitation on *excess business losses for non-corporate taxpayers*. This provision primarily impacts shareholders and partners of pass-through businesses and sole proprietors.
When Do You Report Your Gambling Winnings?
July 19, 2023
Summertime is here, and you are planning a nice getaway long weekend in Las Vegas. Great pools, entertainment, a foodie paradise, and some gambling. What is not to love?
Like-Kind Exchanges for Out-of-State Property
July 10, 2023
You may have read our blog on Building Wealth Utilizing 1031 Exchange, where we discuss the options available to investors when they have a like-kind exchange of property in California. But if you are considering purchasing an investment property in another state, you will need to understand how it will impact your taxes.
July 03, 2023
We were grateful for the news that Cambaliza McGee LLP was named one of Orange County Business Journals' Best Places to Work in 2023. It is an exciting feeling to see how our business has grown and made an impact on our clients and particularly our precious employees.