Cameron Hess
Cameron L. Hess was recently interviewed by Financial Advisor Magazine on the topic of the financial vehicles used for supporting disabled individuals, specifically the special needs trust and the Achieving a Better Life Experience (ABLE) account. The complete article can be found here.
READ MORECameron L. Hess, Esq. recently spoke at two CalCPA webinars covering the PPP Program, including the Sacramento Chapter Discussion Roundtable – PPP Loan Documentation and NOL The New Regime, and subsequently before 220 members in a more in-depth coverage for PPP Loan Documentation, a CalCPA Education Foundation course. As a highlight, Mr. Hess identified that […]
READ MOREFor California real estate sales not otherwise exempt, there is a mandatory 3 1/3% withholding requirement from the seller’s gross sales price. Usually this is handled through escrow and in an installment sale; the amount may be paid in installments. California also allows self-reporting to compute withholding using the actual estimated gain, assuming that the […]
READ MORECDTFA Sales Tax application to delay payments 60 days: https://www.cdtfa.ca.gov/services/covid19.htm EDD application to delay payments of state payroll taxes information: https://www.edd.ca.gov/payroll_taxes/emergency_and_disaster_assistance_for_employers.htm#RequestsForExtensiontoReportandPay City of Sacramento, zero interest business continuation loans up to 25k, ($1M cap): https://cityofsac.forms.fm/covid19-relief/forms/7750 City of Roseville – Interest free loans up to 20k: http://roseville.ca.us/cms/one.aspx?pageId=16550955 (application period begins 3/26 at Noon)
READ MOREProperty Tax Reductions Does COVID-19 provide an opportunity for a California property tax reduction? Possibly and sometimes, but it involves some careful planning.While COVID-19 can certainly affect property values, because California uses a January 1, 2020 lien date to set most assessed values – and that’s what determines the property tax bill, unfortunately, the Assessor’s […]
READ MOREThe IRS has issued Notice 2020-23 which effectively extends about 300 deadlines in connection with taxpayer filings, elections, payments and administrative actions as well as governmental actions. In a nutshell, multiple actions have been extended to July 15, 2020 involving a broad range of activities. These extensions address both taxpayer concerns and reduced IRS workforces […]
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