Can the IRS Audit an International Business

Categories: IRS

Can the IRS Audit an International Business We live in a global society and in today’s economy, businesses are increasingly expanding their operations beyond domestic borders. This offers fantastic opportunities to companies. But it also means there are legal and tax issues that business owners may face. As a San Francisco tax attorney, one question...

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How to Handle Lost Documents in an IRS Audit

Categories: IRS

How to Handle Lost Documents in an IRS Audit Facing an IRS audit can be scary. I always advise clients to first, do not panic if you receive a notice of audit. Second, start compiling all the necessary records to prepare, such as financial statements to prepare your audit response. That being said, some San...

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Did You Receive One of 20,000 Disallowance Letters from the IRS?

Categories: IRS

Did You Receive One of 20,000 Disallowance Letters from the IRS? In a recent blog post, I informed business owners that the IRS announced how businesses can withdraw their Employee Retention Credit (ERC) claims. The ERC has been at the center of growing concerns about aggressive marketing tactics and potential scams surrounding the ERC claims....

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Just the Facts: 5 Common EDD Misconceptions

Categories: California Tax Law

Just the Facts: 5 Common EDD Misconceptions The California Employment Development Department (EDD) conducts California state payroll tax audits (commonly referred to as an EDD audit) when a business has classified a worker as an independent contractor instead of an employee. This means the EDD can personally assess the San Francisco business owner for “unpaid”...

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IRS Offers Voluntary Classification Settlement Program to Employers

Categories: IRS

IRS Offers Voluntary Classification Settlement Program to Employers Being a business owner is much more than simply making sure your business run. It also includes hiring employees, making sure they’re classified correctly and paying payroll taxes. Occasionally, a business may classify its workers as independent contractors when they should have been designated as employees. The...

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IRS Announces How Businesses Can Withdraw Their Employee Retention Credit Claims

Categories: IRS

IRS Announces How Businesses Can Withdraw Their Employee Retention Credit Claims Since the start of the COVID-19 pandemic, the Internal Revenue Services (IRS) has been providing various tax credits and incentives to help struggling businesses and individuals. One of those initiatives was the Employee Retention Credit (ERC), a tax credit aimed at helping businesses retain...

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City of San Diego’s Park and Recreation Board Announces Newest Addition to Board of Directors

Categories: General Information

City of San Diego’s Park and Recreation Board Announces Newest Addition to Board of Directors The San Diego City Council appointed and confirmed Allison Soares as a member of the City of San Diego’s Park and Recreation Board. The Parks and Recreation Board serves as an advisory board on matters relating to the acquisition, development,...

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Are You Eligible for the California In-State Voluntary Disclosure Program?

Categories: California Tax Law

Are You Eligible for the California In-State Voluntary Disclosure Program? California has three different taxing agencies: California Department of Tax and Fee Administration (CDTFA), the Employment Development Department (EDD) and the Franchise Tax Board (FTB). If you are a San Francisco business owner in California, you must understand each agency and what taxes you need...

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What Happens After Winning An EDD Audit

Categories: California Tax Law

What Happens After Winning An EDD Audit? Facing an Employment Development Department (EDD) audit can be a nerve-wracking experience for both the taxpayer and San Francisco business owner. The audit process involves a thorough look of your financial records, tax payments and employee records. So when the EDD audit is complete and you’ve successfully won...

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