Steven Cashiola 10/25/26 Steven Cashiola 10/25/26

IRS Retirement Plan Error Corrections: New Rules for Employers

The IRS expanded its retirement plan correction procedures effective October 22, 2026. Revenue Procedure 2026-34 provides additional opportunities for qualifying employers to correct 401(k), SEP, and SIMPLE IRA plan errors without submitting a formal IRS application. Learn which mistakes qualify, how the correction periods work, and what documentation employers should maintain.

Steven Cashiola 10/23/26 Steven Cashiola 10/23/26

Employer Paid Family Leave Tax Credit: What Changed for 2026

The federal Section 45S employer credit for paid family and medical leave is now permanent. Beginning in 2026, qualifying employers may claim the credit using eligible wages or insurance premiums. Learn the expanded employee eligibility rules, written policy requirements, credit calculations, and California tax differences.

Steven Cashiola 10/22/26 Steven Cashiola 10/22/26

California SaaS Sales Tax Begins in 2027: What Businesses Need to Know

California will generally impose sales and use tax on qualifying SaaS subscriptions and electronically delivered software beginning January 1, 2027. Learn how SB 122 affects software sellers and purchasers, including California registration requirements, economic nexus, exemptions, multistate transactions, and use tax reporting.

Steven Cashiola 10/16/26 Steven Cashiola 10/16/26

California Tax Conformity After SB 711 and SB 1435

California updated its federal tax conformity rules through SB 711 and SB 1435. Learn how the new January 1, 2025 conformity date affects business interest deductions, depreciation, Section 179, qualified business income, and the treatment of excess business losses for 2025 and 2026.

Steven Cashiola 10/13/26 Steven Cashiola 10/13/26

2026 Business Vehicle Tax Deductions: Cars, SUVs, and Trucks

Business owners purchasing a vehicle in 2026 may qualify for Section 179 expensing or 100% bonus depreciation, but the deduction depends on vehicle classification and business use. Learn the 2026 limits for cars, heavy SUVs, pickup trucks, and cargo vans, including California depreciation differences and potential recapture.

Steven Cashiola 8/21/26 Steven Cashiola 8/21/26

Section 1231 Five Year Lookback Rule: When Property Gain Becomes Ordinary Income

A prior Section 1231 loss can change the tax treatment of a property gain years later. Learn how the five year lookback rule works, how intervening gains reduce prior loss balances, how K1 amounts and passive losses affect the calculation, and when current Section 1231 gain becomes ordinary income.

Steven Cashiola 8/21/26 Steven Cashiola 8/21/26

Can Rental Income Cause an S Corporation to Lose Its S Election? Passive Investment Income Rules

Rental income does not automatically threaten an S corporation election. The risk generally arises when the corporation has accumulated earnings and profits and more than 25 percent of gross receipts are passive investment income. Learn how the active rental exception, Section 1375 tax, three year termination rule, and E&P planning options work.

Steven Cashiola 6/7/26 Steven Cashiola 6/7/26

Can The IRS Disallow A Tax Strategy That Follows The Tax Code?

A recent federal court decision denied more than $100 million of claimed tax benefits because the underlying transaction lacked economic substance. Learn what business owners should know before implementing sophisticated tax planning strategies.