Are miscellaneous itemized deductions allowable?
Miscellaneous itemized deduction rules recently changed and are not allowable for Federal Tax purposes but they are still allowable for California Tax purposes. Miscellaneous itemized deductions are certain business and non-business expenses that individuals as...Small Businesses Beware! AB 5 WILL affect businesses that hire workers with the intent of treating them as independent contractors!
AB 5 is a new law effective 1/1/20. It will enforce California independent contractor rules, punishing businesses that misclassify workers hired as independent contractors that should have been employees. They are targeting both small and large businesses. However,...2019 Tax Law Changes
2019 Tax Law Changes