As of July 28, 2020, the firm passed it’s triannual AICPA peer review.

Once every three years, we are reviewed by another CPA firm trained in peer review techniques. They check that our work is current as to accounting standards and presentation.

Peer reviews are now mandatory for all CPA firms engaging in accounting attestation work. However, we have been engaging in peer review for twenty one years… long before such was required for California licensed CPA firms. All reviews to this point have earned a passing grade.

We are thankful to a well-trained, thoughtful and professional team.

Ref: Assembly Bill 103

This bill prohibits the EDD from charging unemployment compensation benefits paid to employees for the duration of all federal unemployment benefit programs created to respond to the Covid-19 pandemic. In other words, your business SUI rate won’t go up due to unemployment claims during the time that the federal government had federal benefit programs in place.

IMPORTANT: In order to get this rate guarantee the business must respond timely and adequately to the EDD’s requests for information relating to unemployment claims.

It’s important to respond to any correspondence from EDD quickly and accurately.

Ref: : CDTFA

Taxpayers reporting less than $1 million in tax liability on sales or use tax returns originally due July 31, 2020 (including annual returns for the fiscal year ending June 30, 2020) will not be assessed interest and penalties on the return payment or prepayment due as long as the payments are made by November 2, 2020.

You do not have to request penalty or interest abatement related to this second quarter payments. The relief is automatic.