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Categories: IRS
When to File an IRS Audit Appeal? There is very little that causes more fear for a business owner than the thought of an IRS tax audit. That being said, generally, most small business owners will face an audit at some point or another. And an audit is not as scary as it seems, especially...
Categories: California Tax Law
Is Your Digital Marketing Agency Facing an EDD Audit? Digital marketing agencies are just one of the many businesses facing the prospect of an EDD audits. If you’re a San Francisco internet marketing company and you’ve ever hired an independent contractor, you may want to familiarize your practice with the EDD audit. These California Employment...
Categories: California Tax Law
How Do I Fill out an EDD Audit Questionnaire? When San Francisco business owners and taxpayers learn they’re facing an EDD audit, one of the first questions they ask me is about the questionnaire. Specifically, they ask how to fill out an EDD audit questionnaire. An EDD audit occurs when the California Employment Development Department...
Categories: California Tax Law
What are Tax Implications When Terminating a Business Partnership in California? Sometimes, in life, relationships just do not work out. That is true for marriages and domestic partnerships, as well as business partnerships. Like all relationships that come to an end, it’s important to follow all the proper legal procedures to dissolve the partnership. This...
Categories: California Tax Law
What Documents Should I Have Ready for an EDD Audit? If you’re a California business owner, you may find yourself facing an EDD audit at some point. If you’re not familiar with the term, an EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ state payroll tax records....
Categories: California Tax Law
What Happens If I Don’t Respond to an EDD Audit Notice? Receiving an EDD audit notice can be scary. An EDD audit occurs when the California Employment Development Department (EDD) launches an investigation into a business’ California state payroll tax records to determine if the business has classified a worker as an independent contractor instead...
Categories: IRS
What Records Should I Have Ready for an IRS Audit? Nobody wants to face an IRS audit. But the prospect of an audit is a reality when owning a business. 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....
Categories: California Tax Law
Are California State Tax Returns Subject to IRS Audits? Whether it’s state or federal, receiving a notice that you are being audited is enough to send anyone into a panic. An audit is always serious and should be dealt with head on; however, it does not need to disrupt your entire life or business. Most...
Categories: IRS
Is Your Business at Risk for an Employee Retention Credit Audit? Everyone was affected in some way by the COVID-19 pandemic. Many small businesses struggled to stay afloat and meet payroll. To incentivize businesses to keep paying their employees during such a challenging time, the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided for...
Categories: IRS
IRS Letters You Should Never Throw Away Receiving a letter from the IRS can immediately trigger anxiety, even if it’s informational and does not require action on your part. That being said, the worst thing you can do with IRS communications is to ignore them. Oftentimes, letters from the IRS are not a cause for...
