- Need Professional CPA?
Tag: California Compliance
Stock-for-Stock Reorgs: California Franchise Tax Surprises
When your startup undergoes a stock-for-stock reorganization, the focus is usually on federal tax deferral under IRC §368(a)(1)(B) but if your company operates in California, the Franchise Tax Board (FTB) may have a different take. Many founders, CFOs, and legal teams overlook the state-level tax implications of stock swaps, especially when: Entities involved are incorporated […]
California VCP: Fix Unclaimed Property Issues Before Audit Hits
If you’ve never filed a Holder Notice Report in California or just received a letter from the State Controller’s Office, there’s a limited-time way to protect your business: the Voluntary Compliance Program (VCP). This program is a lifeline for startups and founders who want to fix past non-compliance related to unclaimed property without facing harsh […]