On Monday, the Internal Revenue Service (IRS) announced that the tax filing season would begin earlier than usual in 2022. The IRS released a statement on Monday that the 2022 tax filing season would begin on Jan. 24, during which they are set to begin accepting and processing tax returns. “Planning for the nation’s filing season process is a massive ...
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Prepare For The Tax Season Early
Tax season may be over for the year, but having reliable accountants all year round is never a bad idea.
Read More »Start Your Tax Prep Sooner Rather Than Later With Denny & Co, LLP.
With 2021 coming to a close, it is time to straighten out those books and start prepping to file your taxes for this past year. Through the uncharted waters of a pandemic, the process of finances, personal or business, have only gotten more complicated.
Read More »Denny & Company Makes Life Less Taxing
Taxes, budgeting, bookkeeping, and financial pressures can be time consuming and stress-producing. The ins and outs of the legal fine print and the constantly moving targets and fluctuating numbers can be overwhelming. Luckily, we do not have to bear the burden alone.
Read More »Denny & Company, LLP Can Assist In Obtaining The Correct Tax Forms You Require
As tax season comes rolling in, let Denny & Company, LLP make sure you and your household have the necessary forms required and suggested for not just a speedy tax return, but an accurate tax return as well. College Students and Workers In Your Household? As an employee or a college student, it is good practice to always keep up ...
Read More »Santa Clarita Prepares As Postponed Tax Deadline Approaches
The deadline to file individual and business taxes with the IRS was postponed due to the COVID-19 pandemic, but the updated filing date is now less than two weeks away. The IRS recently issued a statement reminding people that 2019 income tax liabilities as well as postponed April 15 and June 15 estimated tax payments are now due on July ...
Read More »$1 Billion Tax Revenue Loss Expected, L.A. County Unveils Next Budget
Projecting a $1 billion loss in revenue, Los Angeles County officials announced Tuesday a $35.5 billion spending plan for the next recommended budget with a “significant” emphasis on healthcare and mental health programs, officials said. Los Angeles County Chief Executive Officer Sachi Hamai has released the County’s 2020-21 recommended budget, a $35.5 billion spending plan expected to undergo extensive changes ...
Read More »Senator Scott Wilk Introduces Bill To Exempt Military Retirement Pay From Income Tax
Senator Scott Wilk, R-Santa Clarita, has introduced a bill that would exempt military retirement pay from the state income tax, officials said Wednesday. Tuesday, Wilk announced the introduction of Senate Bill 1071, bipartisan legislation that would exempt military retirement pay from the state income tax. Senators Bob Archuleta, D- Pico Rivera, chair of the Senate Veterans Affairs Committee, and Patricia ...
Read More »Tampon Tax, Diaper Tax To End Until 2021 In California
A law that was signed in June which prevents California retailers, including in Santa Clarita, from taxing menstrual hygiene products and diapers went into effect at the beginning of 2020, officials said. Senate Bill 92 was signed into law on June 27, 2019 by Governor Gavin Newsom. The bill took effect Jan. 1, 2020 and is expected to last until ...
Read More »Four New Laws Go Into Effect Monday, Including Ammunition Sale Restrictions
Four new laws are expected to go into effect on Monday, affecting California residents statewide, including Santa Clarita. From ammunition sale restrictions to gas tax increases, four new laws are taking effect on Monday, July 1 in California. PEN 30352 — Ammunition Sale Background Checks This law requires background checks for ammunition sales, and will require vendors to electronically track ...
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