News - PP&Co

Partner Phuong Mayer Joins SVBJ 2022 Women of Influence

June 13, 2022

This award recognizes women with a strong record of innovation, outstanding performance, and a clear track record of meaningful community involvement. [...]

PP&Co Wins Best of Accounting Award from ClearlyRated

March 8, 2022

PP&Co received satisfaction scores of 9 or 10 out of 10 from 86.9 percent of our clients, significantly higher than the industry’s average of 53 percent in 2021.[...]

Early Cut-off Dates for Roth IRA Conversions

December 16, 2021

The Build Back Better Act (“the Act”) currently includes a provision that would prohibit after-tax IRA contributions conversions (also known as a “backdoor” Roth conversion) to a Roth IRA for all taxpayers beginning January 1, 2022. If you are considering converting after-tax retirement contributions to a Roth IRA, you may want to act promptly. If the... View Article[...]

US House Passed Build Back Better Act

December 2, 2021

The U.S. House of Representatives recently passed the Build Back Better Act (BBBA) by a vote of 220-213. The BBBA includes provisions related to areas ranging from health care, climate change and immigration to education, social programs and, of course, taxes. The Congressional Budget Office (CBO) estimates that the legislation will increase the deficit by... View Article[...]

AB150 Creates Elective Pass-Through Entity Tax

October 12, 2021

On July 16, 2021, Governor Gavin Newsom signed into law California Assembly Bill 150, creating an elective pass-through entity (“PTE”) tax. The bill is intended to provide tax relief to California small business owners facing unprecedented economic hurdles due to COVID-19. AB150 provides these taxpayers with a workaround to the $10,000 limitation on SALT itemized... View Article[...]

PPP Loan Forgiveness and Repayment

August 13, 2021

Many businesses that received Paycheck Protection Program (PPP) loans are facing a critical deadline. Not taking action before the deadline expires could jeopardize the ‘forgiveness’ of the loan. This means that those borrowers could be responsible for repaying the full amount plus 1% interest before the maturity date. If that isn’t daunting enough, some borrowers... View Article[...]

The Green Book: the Biden Administration’s Proposed Tax Strategies

July 10, 2021

The Biden Administration recently released its Green Book, which outlines the administration’s proposed tax strategies for the current term. The Green Book also contains some lesser-known provisions that could significantly change the taxation of transfers by gift or upon death.[...]