Category Archives: California

The Tax Foundation’s 2023 State Business Tax Climate Index: Bring Me the Usual Suspects (Again)!

Posted on October 25, 2022 by Russ

It seems like it was only yesterday when I wrote about the 2022 State Business Tax Climate Index, but it’s been a year!  This morning, the 2023 Index was released and it’s more of the same.  Let’s look at the … Continue reading →

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Bozo Tax Tip #8: Nevada Corporations (or LLCs)

Posted on April 6, 2022 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

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Bozo Tax Tip #9: Move Without Moving!

Posted on April 5, 2022 by Russ

Over ten years ago, we moved from Irvine, California to Las Vegas. The home in Irvine was sold, a home was purchased in Las Vegas, and the belongings went from the Golden State to the Silver State. Cars were re-registered, … Continue reading →

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2022 State Business Tax Climate Index: Bring Me the Usual Suspects!

Posted on December 17, 2021 by Russ

Yesterday, the Tax Foundation released its list of the business tax climate in the 50 states.  Not much has changed, and for those in New York, New Jersey, and California wondering why businesses are moving to Florida and Nevada, you … Continue reading →

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Bozo Tax Tip #3: Move Without Moving!

Posted on May 12, 2021 by Russ

Nearly ten years ago, we moved from Irvine, California to Las Vegas. The home in Irvine was sold, a home was purchased in Las Vegas, and the belongings went from the Golden State to the Silver State. Cars were re-registered, … Continue reading →

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Bozo Tax Tip #9: Nevada Corporations

Posted on May 4, 2021 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

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Are California $600 Stimulus Payments Taxable?

Posted on February 25, 2021 by Russ

The state of California will soon be issuing $600 stimulus payments to an estimated 5.7 million residents.  These payments will go to: Households receiving the California Earned Income Tax Credit for 2020 (typically making $30,000 or less) Taxpayers with Individual … Continue reading →

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2021 State Business Tax Climate Index: Bring Me the Usual Suspects!

Posted on November 3, 2020 by Russ

Every year the Tax Foundation publishes its State Business Tax Climate Index. As they state, they look at how each state taxes, not on the how much. Per usual, the names at the top and the bottom haven’t changed much. … Continue reading →

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IRS Extends Tax Deadlines for Victims of Iowa Derecho & California Wildfires

Posted on August 25, 2020 by Russ

The IRS announced yesterday that they have extended tax deadlines for victims of both the derecho that hit Iowa and the ongoing California wildfires. The specific counties impacted can be found on the Federal Emergency Management Agency (FEMA) website. For … Continue reading →

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How High Is Too High?

Posted on August 4, 2020 by Russ

California, like many states, has financial difficulties because of the Covid pandemic. So is the legislature looking at cutting spending? A little. How about raising taxes? Definitely, especially on the rich. California’s top marginal tax rate today is 13.3% (on … Continue reading →

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