With the holidays in full swing and less than one week remaining in 2022, we wanted to pass along a few compensation income tax related stocking stuffer reminders in connection with the year-end for which companies and/or individuals may want to consult about with their advisors (and in particular to see if they should take any actions before 2023). For simplicity, this blog assumes that the calendar year is the income tax year for both service providers and service recipients.
On November 3, 2020, California voters decided a number of state and local tax-related ballot measures. The most significant tax increase, the property tax “split roll” initiative, and some other local tax increases were defeated. However, overall voters were willing to approve a number of meaningful tax increases—especially San Francisco voters. Following is an overview of statewide and notable local tax measures and referrals decided by the voters.
Continue Reading The Results Are In – California State and Local Tax Ballot Measures