California

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

State legislators passed a bill that would leapfrog the Securities and Exchange Commission's efforts to require companies to disclose their greenhouse gases and climate-related financial risks.

California may have some of the highest personal income taxes in the country, but it's one of the few states that doesn't tax lottery wins.

BPM LLP merges in O&S CPAs and Business Advisors; and JLK Rosenberger adds Mark F. Wille's CPA practice.

Los Angeles voters approved a tax on the sale of mansions and other multimillion-dollar real estate transactions to raise money for affordable housing.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

CliftonLarsonAllen is expanding its presence in California by adding a Salinas-based accounting and advisory firm, effective Nov. 1, 2022.

California drew in 11% less in personal income tax revenue than it expected so far this year.

The California Small Business Relief Act established the tax credit, largely in reaction to the $10,000 limit on the state and local tax deduction under the Tax Cuts and Jobs Act.

The Golden State is poised to restore corporate tax breaks and extend its workaround for the federal cap on deductions for state and local taxes.