If your California business received a PPP loan, you could be eligible for tax credits and significant tax relief. Call 760-773-1120 or visit https://allmancpa.com/tax to discuss your tax planning needs today.
If your business received a Paycheck Protection Program (PPP) loan to meet your financial obligations during the pandemic, new California legislation could lower your tax burden. PPP loans can have a major impact on your business' tax returns and you may need reliable tax advice and sound financial planning services to keep your business compliant with the new regulations.
If you're looking for local tax consultants in Palm Desert, CA to plan and prepare your personal or business taxes, Allman & Allman is here to help.
Two recent bills in California—Assembly Bill 1577 and Senate Bill 1447—were passed into law, offering eligible small businesses protection from paying state income tax and providing tax credits for businesses that hire or re-hire full-time employees. California's conformity to federal law protects small businesses from more than $3 billion in additional taxes associated with forgiven PPP loans.
As a PPP loan recipient in California, you may be tempted to cut corners and plan your tax strategy without professional help. Given recent legislative changes, your business may end up overpaying thousands of dollars in taxes because they have not understood or included the most recent tax credit provisions or PPP loan exemptions.
Allman & Allman offers affordable tax consulting services to help your business navigate through these challenging times.
The Coachella Valley tax consulting firm, Allman & Allman, has launched PPP loan assistance services to help you understand your tax obligations and all available relief measures. The team at Allman & Allman will work closely with you to address your concerns, prepare your tax returns, and ensure that your business remains compliant with all Federal, State, and Local laws.
Business tax planning advisors at Allman & Allman offer federal tax compliance, financial planning, and accounting services to help you plan your financial strategy while taking into account these new laws and regulations. The firm offers innovative tax-saving options, customized investment analysis, and sound financial advice.
The Palm Desert tax planning and advisory firm also provides QuickBooks services, business evaluation, bookkeeping, payroll management, and financial controller services.
Allman & Allman is a full-service tax, accounting, and financial management service provider with offices in Palm Desert and Torrance. The firm is headed by California licensed CPAs Hamilton Allman and Genna Allman and is a member of the Palm Desert Area Chamber of Commerce.
Stay compliant with the latest PPP loan tax laws while preparing your California small business taxes. Call 760-773-1120 or visit https://allmancpa.com/tax to discuss your tax planning needs
today.
