California Implements Wayfair - What It Means for Small Businesses

Effective April 1, 2019, the California Department of Tax and Fee Administration (CDTFA) will be implementing the sales and use tax approved by the U.S. Supreme Court in Wayfair, Inc. v. South Dakota. Because of Wayfair, states are authorized to begin collecting sales and use tax from online and out-of-state retailers, who may or may not have a physical presence in California. Therefore, businesses within California, as well as out-of-state business with transactions in California, must begin collecting and remitting district use taxes for districts in which the thresholds are met – 200 or more annual sales transactions or over $100,000 in yearly sales in California. Accordingly, the CDTFA administration will begin issuing notices to affected retailers in the upcoming months.

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What We Do Outside of Tax Season - Tax Conferences

Many of our clients wonder what goes on in our office the other 9 months of the year outside of tax season. For one, we stay busy with business other than tax returns such as bookkeeping, payroll services, and business consulting. Another thing that happens in our “off-season” is our continuing education. To maintain a valid CPA license, a CPA is required to complete a certain number of educational hours each year. These hours, called continuing education, can be completed either online or at in-person tax conferences. This past week, some members of our staff attended the NATP (National Association of Tax Professionals) conference up in Anaheim.

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