Default Newsletter Title

Default Newsletter Content

We don’t want to get spammed either. We respect your privacy and protect it.

There is a proposed California long-term care (LTC) tax which would be levied on workers wages. Beware of agents and insurers encouraging you to quickly purchase LTC insurance before the end of 2023. There is currently no public LTC insurance program in place. This is what we know:

  1. There is no specific date that the program might be implemented, and thus no deadline to purchase LTC insurance.
  2. No final decisions about the long-term care program have been made yet. The Legislature will potentially adopt some aspects of the proposed program only after the California Long-Term Care Insurance Task Force submits their report on January 1st, 2024.

We advise waiting until the details of the long-term care program are finalized to take action. In the meantime, read more about what to watch out for here, and reach out to us if you have any questions!

 

Keep Reading

News

Understanding Your Tax Obligations as a Pass-Through Entity

Pass-through entities offer a distinct tax advantage over traditional C-corporations. They are not required to pay federal taxes at the entity level. Instead, each owner must report their share of the business profits, losses, and other tax items on their individual tax returns. This prevents double taxation, a common concern for business owners, where income […]

News

Tax Relief for Los Angeles County Residents: Extended Deadlines

The IRS and the State of California have extended the deadline for Los Angeles County taxpayers. County residents have until October 15, 2025, to fulfill their tax filing and payment obligations, providing significant relief during these challenging times. Who Qualifies for Relief? Taxpayers with a recorded address in Los Angeles County automatically qualify for this […]

News

New Year, New Goals: Elevate Your Business with Us!

As we welcome the new year, we want to take a moment to reflect on our journey and the opportunities that lie ahead. At Brunner Accounting, we manage all your accounting needs and compliance, enabling you to focus on your business. We aim to connect you with an extensive network of professionals, as we believe […]

Join our newsletter

Check out of some of the topics we’ve written about! Hope they help, or perhaps even spark a conversation. If you want to regularly receive these kind of updates, please sign up for our newsletter.