San Francisco Tax Preparation / CPA: CA – Filing requirements for small businesses discussed

Filed in CCH NEWS FEED by on May 14, 2021

The California Department of Tax and Fee Administration (department) issued a publication titled “Striking Gold in California” discussing the federal and the state tax filing requirements for small businesses set up as sole proprietorships. The publication discusses (1) taxes administered by the Internal Revenue Service; (2) income taxes administered by the Franchise Tax Board; (3) employee taxes administered by the Employment Development Department; (4) taxes and fees administered by the CDTFA; (4) electronic tax filing and payment procedures for individual income, corporate income, sales and use, and excise taxes; and (5) small business resources. FTB Publication 170, Striking Gold in California, California Franchise Tax Board, February 1, 2021