temporary tax relief

Seal of the Governor and photo of Gavin Newsom courtesy of the Office of the Governor of the State of California.

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As the federal government fails to provide additional financial stimulus support to main street businesses, Governor Gavin Newsom announced that California will provide temporary tax relief for eligible businesses impacted by COVID-19 restrictions. The temporary tax relief entails an automatic three-month income tax extension for taxpayers filing less than $1 …continue reading