California’s major revenue sources have shifted over time. Until 1995, the biggest was property taxes. Today, it’s personal income taxes.
And California ranks fairly high in overall taxation: 10th highest both per capita and as a percentage of personal income, based on the latest available data from the U.S. Census.
We are a small business with a staff of three: myself, my husband and one employee. As a seasonal business, we are sometimes very busy and sometimes have hardly any business at all. Recently, our employee asked to convert from a salary to hourly pay. He made this request during our busy season. My question is: Do we have to pay him during a month when we have no business at all?
Businesses in California now have a new centralized directory with which to find information about relevant state and local incentives.
Sales tax just isn’t what it used to be in suburban shopping meccas, as nearly half of all American households now have an Amazon Prime membership. Now, Roseville is looking to residents to help prioritize city services and mitigate the lost revenue.
In 2014, Rancho Cordova voters approved Measure H, a half-cent sales tax to fund the Community Enhancement Fund program, which funnels grant money from its general fund to improvement projects submitted by residents, local businesses and other organizations that support the city’s key priority areas: public safety; education; economic development; public works; arts, culture, history, entertain
It’s been nearly three years since an oil pipeline ruptured in Santa Barbara County, coating seven miles of beaches with crude oil and killing dolphins, birds and sea lions.
Krista Bernasconi, owner and principal of KFB Public Affairs, and member of the Community Priorities Advisory Committee and Roseville Planning Commission of the City of Roseville offers her insight into the challenges facing the city with dwindling sales tax revenue
Gov. Jerry Brown wants to add millions in new spending on programs to help former inmates stay out of jail—a proposal generating bipartisan praise because of concern they are returning to prison in large numbers. But some say it still isn’t enough.
Something new is happening in the world of cryptocurrencies.
Some Californians are breathing a sigh of relief now that House and Senate Republicans have agreed to a partial preservation of state and local income taxes, but a lot of taxpayers will still be unhappy.
Getting into college is only half the challenge; paying for it is quite another. According to research conducted by two assistant professors of economics, in a paper titled “Accounting for the Rising in College Tuition,” the cost of college tuition more than doubled from 1987 to 2010, and outpaced inflation by 2-4 percent.
As it stands today, roughly 12 million Baby Boomers own some type of small business, the combined value of which is roughly equal to $10 trillion. This comes at a time when the oldest of them have just crossed into their seventies.
Funders may tell you that restricted funding increases nonprofit transparency, but what exactly are funders so afraid nonprofit leaders will do if given the flexibility and implied trust that comes with unrestricted funding?
It should come as no surprise that when the California Legislature recently began the process of divvying up proceeds from the state’s cap-and-trade auctions, a cavalcade of local officials, community activists and lobbyists rushed to Sacramento, with hands out.
PayPal is turning to its old nemesis, plastic, to help it expand beyond the digital realm.
Some call it altruistic investing. Others use adjectives like responsible, sustainable or social impact. The concept is to strategically choose where to invest so that you can have a positive effect while still making a profit.
Californians are very generous. They donate about 2 percent of their income to charity, which amounted to more than $26 billion in 2013, according to the Urban Institute’s analysis of data from the National Center for Charitable Statistics. If you plan to support your favorite causes this year, consider these simple, tax-smart strategies that help your charitable dollars have more impact.
The day that Jenny and Bob had their son Justin in 1994, they set foot in a new world. Jenny went into labor four weeks early, and her baby presented in the wrong direction — feet first. So he was delivered through emergency C-section. Once he was born, his heart rate dropped instead of rising, as it should have. For weeks it wasn’t clear whether he’d survive.
Taxes. Whether you’re married or single, many people I talk to would rather put my feet to the fire than file taxes. Why? Well, there’s the time it’s takes to gather all the information and documents needed to file your taxes. Then there’s the process of preparing the return online or hiring someone to do it for you. There are better things to do — like watching water drip or paint dry.
From police shootings to incidents like the Fort Lauderdale airport shooting, gun violence has been dominating news cycles in recent years. Additional virtual training could help civilians know how to respond in a hostile encounter.