March 2021 By George Paulsen, CPA, Tax and Advisory Partner of Hood & Strong LLP The Tax Cuts and Jobs Act was enacted in the last administration’s second year and created two revenue raisers that impact people with business losses. When COVID-19 closed businesses, Congress deferred these revenue producers until 2021 and provided tax benefits […]

By Ron Bland and Bruce Jobson March 2021 The pandemic has fundamentally changed our personal and professional lives over these past eleven months. One notable change is that a greater number of employees are working from home, some for the foreseeable future. As a result, many employees do not necessarily have to reside in the […]

February 2021 By George Paulsen, CPA, Hood & Strong LLP Throughout California and across the country, many of us are working almost exclusively from home during the COVID-19 pandemic. We must all be careful of the definition of home – young employees could have moved back home with their parents, while others might have chosen […]

By George Paulsen, Hood & Strong LLP December 2020 IRS Code Section 139, written for 9/11 victims in 2001, may help small businesses assist employees with unforeseen costs due to COVID-19 and other recent disasters. A business can write a disaster relief program to give employees nontaxable help. The program must describe the type of […]

By George Paulsen, Hood & Strong LLP November 2020 Two measures passed last week increasing business taxes in San Francisco. Propositions F and L were passed by voters aimed at businesses with over 2 million dollars in gross receipts. What is Proposition F? Proposition F, now law, repeals the payroll tax and raises the gross […]

By George Paulsen, Hood & Strong LLP November 2020 Is it time to give your children your vacation home or a rental property you own in California? Proposition 19 that just passed suggests it might be the right time. In the last election Proposition 19 was voted into law. This new law, effective February 15th […]

By Morgan Carpenter October 2020   Election Day is almost here! In the state of California, county elections officials will begin to send vote-by-mail ballots to all active, registered voters by October 5, 2020. While voting by mail is a viable option for the general election, some people may still prefer to vote in person […]

By Elizabeth Kay September 2020 Complying with City Requirements While Working-From-Home Here in the Bay Area, many cities have their own ordinances and laws surrounding health benefit offerings and paid sick leave. What many employers don’t realize is that they are subject to complying with these rules even if the business is not headquartered in […]

by Elizabeth Kay, Compliance and Retention Analyst with AEIS, Inc. August 2020 Every few years there is a change in administration at the Federal level, and with each change often comes a change in policy, change in areas of focus, and sometimes a change in revenue streams.  For example, under the Obama Administration the Department […]

The coronavirus crisis has forced human resources teams to juggle more challenges than ever before, from employee benefits and sick leave to new teleworking policies. On top of this, the drastic change in the American workplace has spawned new laws and protocols, while raising questions about how these new regulations affect standing legislation like the […]