Riccio's Accounting Service

If you have an hour and you are interested in California property taxes, including transfers to children, reassessment after inheritance, and an in-depth explanation of Prop 19 that changed the original Prop 13, (everyone who owns a home in California it is currently protected by Prop 13 whether you know it or not), please watch this extremely informative and most easy to understand video.

Prop 19 Loopholes! How to Keep Low Prop 13 Taxes Proposition 19 has significantly impacted estate planning in California. This video will break down the key changes brought by CA Prop 19 (Prop 13 Tax caps) ...

A piece of U.S. tax history:
Today I had a client (born in 1945) give me these 1943 1040A and estimated tax voucher that he got from his grandfather. Apparently 1943 was the first year for payroll tax withholdings. Notice the estimated tax bracket tops out at $10,000.

If you own your home in California, YOU are protected by Prop 13. Do not allow Proposition 13 to be compromised or your property taxes will be reassessed every year.

If your property taxes rise yearly — Prop 13 still protects you #estateplanning #propertytaxes Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Are you a California employer with at least one employee? You must have a 401k plan set up by December 31, 2025 or there will be penalties. You do not need to fund the 401K, but you do need to make it available to the employee through payroll deduction.

CalSavers Retirement Savings Program CalSavers helps California employers offer retirement savings to employees with no fees, minimal responsibilities, and easy registration. Register by Dec 31, 2025.

It’s not fall quite yet, but California employers should take note that the State minimum wage will increase to $16.90/hour as of January 1, 2026.

Certain businesses are subject to industry-specific state minimum wage and salary requirements. Fast food workers at limited-service restaurants that are part of chains with over 60 locations nationally saw a state minimum wage increase to $20.00/hour as of April 1, 2024. The Fast Food Council, which is responsible for adjusting the fast food minimum wage, has not, as of now, announced a further increase.

For healthcare workers covered by the Healthcare Minimum Wage law, minimum wage currently ranges from $18.63/hour to $24/hour, depending on the facility type, with set future increases.

https://employers.org/2025/08/27/california-minimum-wage-announced-for-2026/ #:~:text=It's%20not%20fall%20quite%20yet,1%20letter%20to%20Governor%20Newsom.

California Minimum Wage Announced for 2026 It’s not Fall quite yet, but California employers should take note that the State minimum wage will increase to $16.90/hour as of January 1, 2026. The State’s Director of Finance confirmed this increase in an August 1 letter to Governor Newsom. As the letter explains, this $00.40 per hour increa...

SCAM ALERT do not fall for these solicitations by email or regular mail!

Information about tax on tips, tax on overtime, car loan interest deduction, and deductions for seniors.

One Big Beautiful Bill Act of 2025 provisions | Internal Revenue Service The One Big Beautiful Bill Act has a significant effect on your taxes, credits and deductions.

Attention retirees 65 and older.

Trump’s New Tax Law: Retirees Can’t Afford to Waste the Next Four Years Trump’s New Tax Law Is Signed. Retirees Have a 4-Year Window to Act ⏱️The new tax law is official, and if you are retired or retiring soon, this could be one...

Attention business owners and short-term rental owners.

Final Big Beautiful Bill: 4 Tax Strategies for Business Owners & Real Estate Investors Setup a call with a lawyer at KKOS Lawyers from anywhere in the country that can help you with your tax strategy plan - https://kkoslawyers.com/contact-us/?u...