Editorial: Retroactive tax payments would punish job creators
The Franchise Tax Board’s decision to retroactively tax small-business owners who sold their companies smacks of a bureaucratic over-reach.
Read More →Special Comment from the Editor: Jan. 2 rally could singal turning point
A curious aspect to the history of modern finance is the presence of substantial turning points. Often these are moments whose significance is not fully recognized until years, perhaps decades have passed. But it’s also true that these turning points sometimes happen under extreme political or economic pressure—pressure that forces a substantial policy change. Decisions Read More →
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‘Amazon tax’ doesn’t dent online shopping, area firms say
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Read More →Santa Barbara CPA convicted on tax charges
Santa Barbara accountant Steve Pybrum faces up to 12 years in prison and $1 million in fines after a jury returned a guilty verdict on federal charges that he routed money from his practice through a nonprofit and underreported his income by more than $1 million. The jury deliberated less than three hours before returning Read More →
Read More →Prop. 30 draws battle line between education and business leaders
Whether it passes or fails, the Proposition 30 debate has drawn some battle lines that won’t easily be erased.
Read More →Letter: Business groups should stand firm opposing Props. 30 and 38
Taxpayers and small businesses have been pushed to the limit.
Read More →Op/ed: IRS audits for the ultra-wealthy — How to minimize the chances
The Internal Revenue Service has ramped up its efforts in recent years by expanding its audits of the wealthiest individuals.
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