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 (EDD) launches an investigation into a business’ state payroll […]
Read More + 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 is especially true when it comes to tax implications of terminating […]
Read More + 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. Generally, the EDD is trying to determine if the business […]
Read More + 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. You will likely need financial statements to prepare your audit […]
Read More + 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 people think of the IRS when they hear the […]
Read More + 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 the Employee Retention Credit (ERC). A refundable tax credit, the ERTC […]
Read More + 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 concern and are easy to resolve—but first […]
Read More + Receiving notice from the IRS that your business is being audited can be scary. Even if you are certain you did nothing wrong, an IRS audit can be unsettling and time consuming. There is no need to panic though, especially if you hire an experienced San Francisco tax attorney to help you through the process. […]
Read More + Something I hear often from small business owners is that the cost of doing business can be a lot. Afterall, if you are the sole owner, you are the one paying all the expenses and managing operations. When it comes tax time, you want to make sure you are getting the most from your small […]
Read More + The topic of gig workers has been a frequent point of conversation of late, especially with respect to the new tax laws surrounding their way of making a living. From Uber and Lyft drivers to Etsy and Ebay sellers, gig workers have become an important part of the national economy. The IRS recently made changes […]
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