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AB-80 : Tax Break on Forgiven PPP Loans

Good news for Californians.   California AB 80, passed in the Senate on April 26, 2021 and presented to the Governor for approval today, is scheduled to take effect immediately as an urgency statute.  As stated in California’s Legislative Counsel Digest, “the bill would exclude, for taxable years beginning on or...

California Small Business COVID‐19 Relief Grant Program Update as of Wednesday, December 30, 2020

Updated Information as of 12/30/2020: Thousands of small businesses have already applied; this large application volume is experiencing delays or challenges with the application portal. If you are experiencing technical difficulties with the high volume demand today, please circle back to the application portal in lower peak demand times, today...