Are You Aware of How the Legal Modifications in California Impact Passthrough Entities May Affect You?

On February 9, 2022, Governor Gavin Newsom signed the California Senate bill, SB 113, modifying the elective tax on pass-through entities (PTE). The benefit of this bill is that it makes adjustments that help taxpayers with the current PTE tax law, encompassing a time period going back from January 1, 2021, through January 1, 2026. How SB 113 Helps This... read more »