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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...
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: 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...
