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IRS announces new mileage rates for 2018

December 14, 2017 at 11:38 AM

Standard Mileage Rates for 2018 Up from Rates for 2017 

WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017.
  • 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017.
  • 14 cents per mile driven in service of charitable organizations.

The business mileage rate and the medical and moving expense rates each increased 1 cent per mile from the rates for 2017. The charitable rate is set by statute and remains unchanged.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously.  These and other requirements are described in Rev. Proc. 2010-51.

Notice 2018-03, posted today on IRS.gov, contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

California Minimum Wage To Rise January 1st, 2018

December 11, 2017 at 11:45 AM

The minimum wage for workers in California is going up on New Year’s Day, though wages in at least some cities in the San Francisco Bay Area are already above the new mandate, state officials said. The minimum wage statewide will rise Jan. 1 to $11 per hour for businesses with 26 employees or more and $10.50 for businesses with 25 employees or less.

Workers that are not paid the minimum wage are urged to get in touch with the Labor Commissioner’s Office in their area to file a claim. Gov. Jerry Brown signed legislation in 2016 making California the first state in the country to commit to a $15 per hour minimum wage.

As long as the economy is good and the budget allows, the minimum wage will be $15 an hour in 2022 at large businesses and in 2023 at small businesses.

Deadline Jan 7, 2018 to offer input on Riverside County marijuana regulations

December 10, 2017 at 2:24 PM

Riverside County has set up a website to answer questions and seek public input on marijuana regulations for the county’s unincorporated areas.

County officials are currently working on a regulatory framework that would allow marijuana commerce in areas of the county that aren’t part of any city. The plan is to put a measure on the November 2018 ballot that would impose a local tax on marijuana.

If the tax fails, the county would not move forward with pot regulations.

Current county law forbids marijuana cultivation in unincorporated communities, although the passage of Proposition 64 last year allows recreational use by those 21 and older in their homes. Up to six pot plants can be kept at a residence under Prop. 64.

The county website on marijuana rules is planning.rctlma.org/Home/Cannabis.aspx. To offer your opinion, click on “Public Input.”

FREE License training workshops

November 22, 2017 at 10:36 AM

Our good friends over at CalCannabis Cultivation Licensing are offering a series of FREE training workshops on its application process from November 28 to December 14. Cannabis cultivators seeking information on licensing applications are encouraged to attend!

Reference the press release  for a list of locations and instructions on registration.

 

New Rules To Follow If You Want To Smoke Pot In California

November 19, 2017 at 12:33 PM

SACRAMENTO – California’s three state cannabis licensing authorities announced today that
proposed emergency licensing regulations for commercial medicinal and adult-use cannabis
have been posted online and are available to the public for review.

http://bcc.ca.gov/about_us/documents/media_20171116.pdf

Do you fancy a career in California’s cannabis industry?

November 13, 2017 at 10:21 AM

Do you or anyone you know fancy a career in California’s newly-regulated cannabis industry? Look no further! The Bureau of Cannabis Control  is currently accepting applications for SEVEN Associate Governmental Program Analyst positions in our Licensing Unit! As always, help us spread the word by telling your family and friends!

-See below for job postings and instructions on how to apply-

1. Six Associate Governmental Program Analyst Positions – Licensing Unit; job control open until 11/28/17. https://jobs.ca.gov/CalHrPublic/Jobs/JobPosting.aspx…

2. One Associate Governmental Program Analyst Position – Local Liaison, Licensing Unit; job control open until 11/28/17. https://jobs.ca.gov/CalHrPublic/Jobs/JobPosting.aspx…

YouTube tutorials explaining how to apply for a state job:
1. Applying for a State Job:
https://www.youtube.com/watch?v=h98MUb0NkHk
2. Taking an Exam:
https://www.youtube.com/watch?v=J9STRabaDV8

The Bureau of Cannabis Control has been designated as the lead agency in regulating the cannabis industry in California. Their responsibility is to establish statewide standards that protect consumers, the environment and public safety.

Weights and Measures

November 10, 2017 at 12:40 PM

Before you purchase a scale to weigh your cannabis, please read this important notice.

Did you know that all scales used for commercial cannabis measurement must meet strict standards for accuracy? Scales must be approved by the California Department of Food and Agriculture’s Division of Measurement Standards (DMS), and be issued either an Evaluation Program Certificate of Approval or an Evaluation Program Certificate of Conformance before you can use the scale for commercial measurement. Read more

1st Cannabis Advisory Committee meeting Nov 16, all day LIVE STREAM!

October 27, 2017 at 12:22 PM

The first Cannabis Advisory Committee meeting will commence on November 16! Check in at bcc.ca.gov for an agenda and other meeting materials  including an all-day livestream link for those who are unable to attend. As always, we’re looking forward to seeing everyone there!

Temecula Internet and Home-Based Business Workshop 10-17-2017

October 13, 2017 at 3:18 PM

FOR YOUR INFORMATION:

In cooperation with:
The City of Temecula

Topic:
Sales and Use Tax for Internet and Home-Based Businesses

Date/Time:
Tuesday, October 17, 2017
9:30 a.m. to 11:00 a.m.

Location:
Temecula Valley Entrepreneur’s Exchange
43200 Business Park Drive
Temecula, CA 92590

Additional Information:
Do you need a seller’s permit or are you simply a qualified purchaser or 6015 retailer? Gain an understanding of sales and use tax as you run your business through Internet web and auction sites, drop-ship, or electronically transmit product. Learn when district tax is applicable to your sales. Discover how to use a resale certificate and how to back-out the tax when you sell items “tax included.” Consignment sales, shipping and handling, it’s all in this informative presentation.

To register for this event, visit:
www.boe.ca.gov/app/seminar.aspx?flag=688 
or by calling 1-888-847-9652

 

Accessible to persons with disabilities logo This event is accessible to people with disabilities. If you require special assistance,
please call 1-888-847-9652.

 

This is a CDTFA-supported event.

The California Department of Tax and Fee Administration’s (CDTFA’s) participation in this activity and the appearance of the CDTFA name, logo, or seal on event promotional materials is not an endorsement of the views, opinions, products, or services of any program partner, participant, person, or entity.

Consumer Alert: IRS Warns Taxpayers, Tax Pros of New e-Services Sca

October 12, 2017 at 11:26 AM

WASHINGTON — The IRS today warned all e-Services users to beware of a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The phishing scam seeks to steal passwords and data.

The scam email claims to be from “e-Services Registration” and uses “Important Update about Your e-Services Account” in the subject line. It states, in part, “We are rolling out a new user agreement and all registered users must accept its revised terms to have access to e-Services and its products.” It asks the individual to review and accept the agreement but takes them to a fake site instead.

All tax professionals should be aware that as e-Services begins its move later this month to Secure Access authentication and its two-factor protections, cybercriminals likely will make last-ditch efforts to steal passwords and data prior to the transition. As the IRS has warned over the past few years, these sophisticated schemes are adaptive in nature and everyone should be cautious before clinking on a link or entering sensitive personal information.

For those who may have clicked onto this link, perform a deep scan with security software, contact IT/cybersecurity personnel and the IRS e-Help Desk.

To read more about what the IRS is doing to protect accounts with Secure Access authentication, go directly to the main e-Services landing page on IRS.gov.