Welcome to Eric M Hunt, CPA
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 […]
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 […]
Estate planning is an essential aspect of financial management, but it is more important for high-net-worth individuals. If you live in California, then you have this question in your mind: whether the state imposes an estate tax and how it could affect your heirs. In this blog, we’ll explore the California estate tax, its implications, […]
