Tag: California State Board Of Equalization

Fire Prevention Fees Still Due for Prior Billings

Big Bear, CA – Property owners who owe fire prevention fees are still required to make payment for fiscal years 2011-12 through 2016-17. Passage of the bipartisan cap and trade bill, Assembly Bill 398, suspended the fire prevention fee going forward, but does not impact existing fire prevention fee obligations. Effective July 1, 2017, AB 398 suspends fire prevention fee billings starting with fiscal year 2017-18. Bills issued to property owners for prior fiscal years 2011-12 through 2016-17, that have not been paid, are still owed and if not paid in a timely manner, may have penalties and interest assessed. If...

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Free Small Business Seminar and Resource Expo Comes to Big Bear Lake

Big Bear, CA, September 5th, 2016 – Current business owners and aspiring entrepreneurs who would like to learn how to comply with California’s often complex tax laws are invited to attend a free Small Business Seminar and Resource Expo in Big Bear Lake on Thursday, September 15, 2016. California State Board of Equalization (BOE) Member George Runner is sponsoring the event with Senator Mike Morrell, Assemblyman Jay Obernolte, San Bernardino County Supervisor James Ramos, San Bernardino County Assessor-Recorder Bob Dutton, the City of Big Bear Lake, the Big Bear Chamber of Commerce, and the Inland Empire Small Business Development Center.  “Small businesses are a critical part of California’s economy,” said Member Runner. “Our goal is to help business owners be successful by ensuring they understand California’s complicated tax laws.”  Those looking for assistance with state and federal tax laws, as well as those who want to expand their business knowledge, will benefit from presentations given by representatives from the BOE, Employment Development Department, Franchise Tax Board, and Internal Revenue Service. Seminar topics include avoiding sales and use tax problems, employee versus independent contractor, recordkeeping, and forms of ownership.   Event: Big Bear Lake Small Business Seminar and Resource Expo Date:  Thursday, September 15, 2016 Time:  8:00 a.m. to 11:30 a.m. (Check-in begins at 7:30 a.m.) Place: Big Bear Lake City Hall 39707 Big Bear Boulevard Big Bear Lake, CA 92315...

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Minimum Wage Increase and Gas Tax Decrease

Big Bear, CA, July 1, 2014 – California workers earning minimum wage should see a bump in their next paycheck. The first minimum wage hike in six years goes into effect today raising the hourly wage from eight to nine dollars. Although this should help most low paid workers, not everyone is happy about the increase. Many small business owners are concerned that this will cut too deeply into their bottom line and cause them to have to pass this increase directly on to their customers. It could be a double edged sword with businesses hiring fewer workers and reducing hours worked. In 2016, the minimum wage is scheduled to increase again, to ten dollars per hour. Also happening today is the reduction of the gasoline excise tax by 3.5 cents. The State Board of Equalization voted in February to reduce the tax to 36 cents per gallon which is the second highest gas tax in the nation after New York. A spokesman for the BOE stated, “This much needed tax relief will arrive as Californians are on the road for summer vacations.” However, the reduction in the excise tax rate doesn’t necessarily mean relief to the wallets of drivers. Gas suppliers, who pay the tax, are not required to pass along the savings to their...

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Statewide Taxable Sales Up In First Quarter 2011

Sacramento, CA, June 15, 2012, noon – In the first quarter of 2011, taxable sales in California rose 9.0 percent from a year earlier, continuing an upward trend that began in the first quarter of 2010, according to Michelle Steel, Vice Chair of the California State Board of Equalization. A preliminary statewide estimate for the first quarter of 2012 projects taxable sales rising 9.3 percent compared to the first quarter of 2011. The projection is subject to revisions and will not be final until this time next year. The Southern California region’s taxable sales grew by 8.7 percent over the first quarter of 2011, slightly behind the State as a whole. As a result of soaring gas prices, which rose 20.0 percent, taxable sales made by gasoline stations increased 22.4 percent.  Taxable sales by vehicle dealers also increased 17.4 percent. Taxable sales from total retail and food services stores rose 8.8 percent, somewhat lower than the increase by total non-retail outlets, which include business equipment and construction materials. Those outlets rose 9.5 percent, consistent with the national trend. The rest of the major retail sectors had taxable sales growth less than the overall average of 9.0 percent.  Increases in these other retail sectors ranged from a low of 2.8 percent for sporting goods to a high of 7.1 percent for non-store retailers. [audio:http://kbhr933.com/wp-content/uploads/SP31554.mp3|titles=Statewide Taxable Sales Up – Mike Evans...

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