When you know what to expect, making critical decisions with confidence becomes far easier. As accounting professionals, we get asked a lot of questions. In our Tax Resource pages, we are able to provide interactive financial calculators and other tools to assist you with some of those day-to-day questions and concerns that may arise. While these financial tools are not a substitute for the financial advice from a qualified professional, they can be helpful in your decision making process.

Tax Info Center

Financial Newsletter

Financial Tools

Payroll Tax Memo 2007

2006 Year-end Tax Planning

Joint Explanatory Statement

"Stock Bonus Plans: A Prudent Way to Transfer Your Company To Your Heirs" by Michael Cohen, Partner (article reprint from TAX HOTline April 2006)

Internal Revenue Service website: http://www.irs.gov/

---

Update Regarding Superior Court Holding that California's LLC Fee is Unconstitutional

Not surprisingly, the Franchise Tax Board objected to the San Francisco Superior Court's holding that California's LLC fee (which imposes an annual "fee" of up to $11,790 based on gross receipts) was unconstitutional because it violated the Commerce Clause and the Due Process Clause of the U.S. Constitution (at least with respect to the Washington-based LLC that had no economic connection to California).

At this stage, the ultimate resolution of this issue is unclear. However, in the meantime, LLCs registered in California must continue to pay the annual LLC fee, but may wish to file protective claims for refund as noted in our last Tax Briefs. We should have protective claims ready for affected clients shortly.

Click here for a copy of the FTB's written objection (9 pages)

---

New tax resources will featured each month for your use. We want to hear about how helpful you found this information. Send us your feedback.