Welcome to Eric M Hunt, CPA
Hey there, Walnut Creek! If you have ever looked at a receipt from a purchase at Broadway Plaza or a local hardware store and wondered, “Why is the tax so high?” – you are not alone. As your local CPA firm, we frequently receive this question. Understanding sales tax is not just about the bottom […]
Managing taxes in the US is tricky enough, but once you have money overseas, it gets even more complicated. If you have bank, investment, or other financial accounts abroad, you may need to report them through a form called the FBAR. Failing to follow the rules can have a significant impact on your finances, so […]
The California Pass-Through Entity Tax has quickly become a hot topic for business owners across the state. Introduced under Assembly Bill 150 (AB 150), the elective PTE tax gives partnerships, S corporations, and LLCs taxed as partnerships or S corporations a way to work around the federal SALT deduction cap. This means many business owners […]
Tax season is not just an April affair. It is a year-round conversation with the state’s tax authorities for many Californians. Four key deadlines punctuate tax season. If you are self-employed, a freelancer, an investor, or a business owner, understanding the ins and outs of California state estimated tax payments is just a good idea. […]
Hey there, fellow Californian. If you saw your paycheck stub and noticed a new line item for something called the “CA LTD,” then you are not alone. There are many people who do not know about this and are trying to figure out what this new deduction is all about. It is called the California long […]
Inheritance tax in California. If you have recently inherited property or money, or you are planning your estate, this phrase might have sparked a wave of anxiety. You have likely heard horror stories about the tax man taking a huge chunk of an inheritance. But what if I told you that this specific fear is […]
The glamour of Hollywood always overshadows the critical aspect of the entertainment industry, which is finances. Most people in the entertainment industry know how to manage their money, but some don’t. So here we come. We are specialized entertainment CPAs who can help you better understand and manage your finances. In the entertainment industry, income […]
Buying a home in the Golden State or just checking your annual tax bill? You’ve probably wondered, “How much are the property taxes in California?” It’s a massive concern for taxpayers, and the answer is, famously, “it depends.” But don’t worry! It’s not as random as it sounds. Yes, California is known for its sky-high […]
You are probably waiting for your tax refund if you have already filed your California taxes. Whether checking your California tax refund status or wondering how long it takes to receive a tax refund, this guide covers everything you need to know. From tracking your California state refund to possible delays, we will help you […]
Are you a taxpayer but worried about paying the full amount upfront? It’s obvious to panic in this situation, but the solution is an IRS Payment Plan. Paying taxes in one go can be worrisome for most individuals, so these installment agreements allow the taxpayers to break down their tax amount into monthly payments that […]
