Taxes

2025 Tax Reform Highlights – What you need to know about the ” One Big Beautiful Bill Act” On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, bringing sweeping changes to the U.S. tax code. The Act extends and enhances several key provisions from the 2017 Tax Cuts and Jobs Act (TCJA), revises energy-related incentives introduced in the Inflation Reduction Act (IRA), and introduces … Read more

2025 Tax Reform – “The One Big Beautiful Bill” Simplified As part of a sweeping new proposal making its way through Congress, the “One Big Beautiful Bill” outlines a series of tax changes that could significantly impact both individuals and business owners beginning in Tax Year 2025. At CAPATA, we’ve summarized the key provisions and how they differ from current tax law so you can stay ahead of what’s coming. … Read more

Tax Relief Update for C-Corporations & Single Member Limited Liability: Extended Deadlines for Los Angeles County In response to the recent wildfires, both the Internal Revenue Service (IRS) and the California Franchise Tax Board (FTB) have extended tax filing and payment deadlines for businesses, residents, and tax preparers located in Los Angeles County. Affected taxpayers now have until October 15, 2025, to file their returns and make any required payments. … Read more

Tax Relief for Los Angeles County Wildfire Victims: Extended Deadlines & Property Tax Relief In response to the devastating wildfires in Los Angeles County, federal and state authorities have announced significant tax relief measures for affected taxpayers. At CAPATA, we are closely monitoring these developments to ensure our clients receive the support they need. Federal and State Income Tax Extensions The California Franchise Tax Board (FTB) has aligned with these … Read more