Updates from the Firm
Pass-Through Entity Update – 2022 Tax Year
California is requiring a "down-payment" on the Pass-Through Entity Tax Credit (PTE) for 2022, due June 15, 2022.
Veterinary Practice Appraisal Package
Given the recent economic turbulence that veterinary practice owners, and the veterinary industry in general, have been experiencing, the time is ideal for a Veterinary Practice Appraisal.
New Details on Pass-Through Entity Tax
As we have mentioned before, several states, including California, have recently enacted legislation that allows S-Corporations and partnerships to pay state income taxes at the business level via their Pass-Through Entity (PTE) tax return.
Pass-Through Entity Tax Worksheet
Here is an example of a Pass-Through Entity Tax Worksheet for reference, with footnotes for specific line items, to show how these new regulations might effect you.