Using the “ABC Test” to Determine Employment Status On April 30, 2018, the California Supreme Court’s decision in Dynamex Operations West v. Superior Court drastically overhauled the way the State determines whether a worker is properly classified as an employee or independent contractor. This is a major change from the old test which used a
How Does the Federal Government Regulate Drugs? Under the federal Controlled Substances Act (CSA) drugs are classified into 5 schedules. Drugs are placed into a schedule based on their acceptable medical use and their potential for abuse or dependency. Schedule I, which includes marijuana, is reserved for drugs that currently have no acceptable medical use
Gone are the days of standing outside grocery stores with collection jars to raise money for a good cause. Crowdfunding websites have streamlined the process of collecting donations for thousands of charities, entrepreneurs, films, games, medical/hospital expenses, etc., and make it easier to reach a wider audience of possible donors than ever before. Funds created
They’re Just Phishing for Your Personal or Financial Information The IRS does NOT contact taxpayers by phone call out of the blue or via email, but through official correspondence sent through the U.S. mail. Be aware that whenever you get an angry or threatening call from people who say they are from the IRS and
The newly released Franchise Tax Board’s Report on the New Employment Credit (NEC) indicates that the credit is a bad joke on California businesses as less than $4 million in credits were actually claimed in 2014 when an estimated $22 million was projected by the FTB. That’s a paltry 18% of the best estimates. This
Rex Halverson has been named one of the 2016 Top Lawyers in Sacramento by Sacramento Magazine. Inclusion on this prestigious list cannot be purchased and is only awarded to lawyers who are selected by a vote of their peers. Keep an eye out for Rex in the August 2016 issue of Sacramento Magazine.
The U.S. Senate finally passed the Trade Facilitation and Trade Enforcement Act on February 11, 2016 by an overwhelming vote of 75-20, which had buried within its many provisions, the Permanent Internet Tax Freedom Act. Senate action had stalled the bill for months because of the dispute over taxing Internet sales. The bill has now been to the President
I noticed several ads in the local newspaper this weekend that advertised medical marijuana and offered “Free 1/8th with any $40 min. donation” or “Free ½ gram concentrate.” Additionally, there were offers for “3% back for Every Donation” and “20% off when you preload your Loyalty Member Rewards Card.” Although these ads are probably effective
PERMANENT PROVISIONS The new legislation makes numerous tax relief provisions permanent, including these major ones: Research and Development Credit (base credit, 14% Alternative Simplified Credit, eligible small businesses (50 million or less in gross receipts) may claim the credit against AMT and certain small businesses (less than 5 yrs. old with less than $5 million
A funny thing happened to me as I tried to wind down the affairs of an old LLC on 12/16/15. I began my day by pulling up the form LLC-4/7, Certificate of Cancellation of a Limited Liability Company on the Secretary of State’s website and filling it out online. I then mailed it in. Two
