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Tax

IRS Announces Early Start Date For Tax Filing Season This Year

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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Denny & Company Makes Life Less Taxing

Denny & Company LLP - CPA in Santa Clarita

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.

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Santa Clarita Prepares As Postponed Tax Deadline Approaches

Income tax papers and calculator on desk

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 ...

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$1 Billion Tax Revenue Loss Expected, L.A. County Unveils Next Budget

Coronavirus Money

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 ...

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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 ...

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Tampon Tax, Diaper Tax To End Until 2021 In California

Tampon Tax California Pink Tax

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 ...

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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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