California

Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot.

The comedian was arrested in Los Angeles for tax evasion and charged with owing over $300,000 to the state of California.

The group behind a proposed 5% wealth tax in California is pushing for a compromise with Governor Gavin Newsom by pitching a 2% levy instead.

The proposal, which would impose a one-time 5% tax on a billionaire's net worth, has become one of the most closely watched political fights in California.

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

California's proposed tax on billionaires is an opportunity may change the careers of Massachusetts-educated tech leaders.

Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo.

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.

The Top 100 Firm acquired SD Mayer Advisory, expanding its presence on the West Coast.

Price, Reuben, and Associates, an advisory firm based in Calabasas, California, will join the Top 25 Firm's restaurant advisory practice.

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

Sorren, a rapidly growing firm based in Meridian, Idaho, acquired Connected Accounting in Los Angeles.

Cherry Bekaert acquired Richardson Kontogouris Emerson, expanding the Top 25 Firm's presence on the West Coast.

CalCPA celebrated the 125th anniversary of the Accountancy Act, kicking off by lobbying at the state capitol in Sacramento.

The Top 100 Firm acquired Blueprint CFO, a fractional CFO services firm, expanding its presence in Southern California.

The Top 25 Firm is expanding its presence in Southern California by acquiring GPW in San Diego, its latest M&A deal since receiving private equity funding.

The doubling of California's film and TV tax credits to $750 million a year is showing promise in bringing production back to the state.

California Gov. Gavin Newsom signed a bill that adds alternative pathways to CPA licensure, which will go into effect Jan 1. 2026.

The California Society of CPAs and the National Association of Black Accountants are helping the entertainment community, businesses and homeowners recover.

The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state's climate risk disclosure rules.