Welcome to Eric M Hunt, CPA
If you are late in filing taxes, then you can also get an extension for it. But there is a procedure for it. Today, we will understand how to file a tax extension for California. By doing this, you can get extra time to organize documents, gather financial records, or prepare an accurate state tax […]
Many parents feel confused during tax season, and one common question that often arises is: Is child support tax deductible in California? With the upcoming 2025 California income tax updates, it is important to understand how child support interacts with both tax and legal rules in the state. This blog keeps everything simple and easy […]
If you get your salary in the Golden State, you have probably noticed a line on your paycheck called “SDI” – it sits right next to your state and federal tax deductions. Maybe you’ve even felt a little frustrated seeing it take a small bite out of your take-home pay. But unlike other surprise charges, […]
If you are a business owner in the Golden State, you are likely focused on growing your business and serving your clients. But one thing that often confuses is the California franchise tax. Whether you operate an LLC, corporation, or limited partnership, it is essential to understand and pay this tax on time to keep […]
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 […]
