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Even Lawyers Can Be Taxed
From:
Edward Poll, J.D., M.B.A., CMC -- Law Firm Management Expert Edward Poll, J.D., M.B.A., CMC -- Law Firm Management Expert
For Immediate Release:
Dateline: Los Angeles, CA
Monday, May 11, 2015

 
In 2009, the voters of the city of San Francisco approved proposition Q. The net effect of this initiative was to tax the payroll of partnerships, including lawyers, hedge fund managers and doctors. The California Supreme Court recently denied review of a lower court’s decision that this is a legitimate tax voted on by the people of San Francisco.
The protagonists were essentially fighting about a decade’s worth of payroll taxes, a not inconsequential amount of money. The city is in the midst of a transition away from payroll taxes to gross receipts taxes. The counter argument that this is a tax on the privilege of doing business in San Francisco doesn’t seem to carry much weight or be very important. Another argument will be made … No one likes to pay taxes, until they need the public services.
News Media Interview Contact
Name: Edward Poll, J.D., M.B.A.., CMC
Title: Principal
Group: LawBiz Management Company
Dateline: Ventura, CA United States
Direct Phone: 800-837-5880
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