Need Help? Contact Us Today!
Categories: California Tax Law
My Business Closed and Employees Filed for Unemployment. Will I be Audited by the EDD? One of the effects of the COVID-19 pandemic is that many people have lost their jobs due to business closures and decreased hours. As a result, these individuals will file for unemployment. And with unemployment claims, an increase of California...
Categories: IRS
I Got Hit with an IRS Audit. What Should I Do? Have you received a notice from the Internal Revenue Service (IRS) stating that you’re being audited? You’re not alone. Many California taxpayers go through the IRS audit process at some point. The first thing to understand is how the IRS selects individuals or businesses...
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....
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”...
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...
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...
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,...
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...
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...
Categories: California Tax Law
5 Tips to Prevent an EDD Audit Being a California business owner comes with its share of challenges. One of the last things any business owner or entrepreneur wants to deal with is an audit from the Employment Development Department (EDD). That being said, if you’re a California business owner and taxpayer — and if...
