Talcott Company
Income tax preparation, payroll, bookkeeping, corporation formation. Over 40 years serving SW Riverside county.
Senate fails to pass Tax Relief for American Families and Workers Act (08-01-24)
Today the Senate failed to pass the American Families and Worker’s Act of 2024 (TRAFWA) by a vote of 48 to 44 (it required 60 votes to pass). This is the bill that was passed by the House in January 2024 on a vote of 357 to 70. At the time the bill passed the House, it had bi-partisan support, and commentators were expecting it to pass swiftly.
Had it passed, the bill would have, among other things:
• Increased the Child Tax Credit;
• Retroactively reinstated current expensing for domestic qualified research expenses, 100% bonus depreciation, and the larger business interest expense deduction;
• Significantly increased Employee Retention Credit (ERC) penalties and retroactively imposed a January 31, 2024, cutoff date for new ERC claims; and
• Provided additional disaster relief for those impacted by federally declared disasters occurring after 2019.
At this stage, it is highly unlikely that there will be any significant tax legislation passed until after the November 2024 election
Click here to claim your Sponsored Listing.
Category
Contact the business
Website
Address
27780 Jefferson Avenue Ste. 1
Temecula, CA
92590
Opening Hours
Monday | 10am - 4pm |
Tuesday | 10am - 4pm |
Wednesday | 10am - 4pm |
Thursday | 10am - 4pm |
Friday | 10am - 4pm |
41800 Enterprise Cir S, Ste G
Temecula, 92590
Drop off your tax documents - No need to wait. Contact us to arrange a drop off of your documents. We will prepare your tax return and contact you when ready for pick-up. We also...
32605 Temecula Pkwy, Ste 312
Temecula, 92592
Certified Tax Resolution Specialist- Tax Liens, Offer in Compromise, Tax Abatements and more.Serving
41635 Enterprise Circle North Suite A
Temecula, 92590
Empowering YOU to make sound financial decisions.
43385 Business Park Drive, Suite 150
Temecula, 92590
The Ray Group - accounting, tax and advisory services firm has serves businesses of all sizes and ind
Temecula, 92595
Licensed Certified Public Accountant in Southern California providing the following services: ✅Income Tax Preparation for Individuals & Small Businesses ✅Tax Planning and Tax Stra...
27555 Ynez Road Ste. 135
Temecula, 92591
CPA Firm located in Temecula, CA
Temecula, 92592
Provide Accounting and Bookkeeping Services for small and medium sized businesses.
Temecula
Our family-owned accounting service has been serving the community for the last 20 years. Our team includes experienced CPAs and dedicated support in order to provide both personal...
43460 Ridge Park Drive, Ste 220
Temecula, 92590
Prudhomme Associates CPAs is a full service Certified Public Accounting firm providing tax, financial and consulting solutions to individuals, small businesses, start ups and large...
Temecula, CA
I provide virtual bookkeeping services for small businesses and help them align their financials to grow their business.
43385 Business Park Drive , #120
Temecula, 92590
Accounting Firm serving Southwest Riverside County since the 1950's. Check us out at: www.kueblercpa
43460 Ridge Park Drive, Ste 240
Temecula, 92590
Personal and Corporate Tax Services