As we wait for legislative updates, this is a reminder for CA business owners who typically make the passthrough entity election (paying your individual taxes on profits at the business level). CA requires that you make an estimated tax payment NO LATER than 6/15 if you want to be able to make the election at all this year. The amount must be at a minimum equal to 50% of your prior year PTET liability. Your 2024 corporate/entity returns will have a voucher with the correct amount, but please reach out with any questions!